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    1355 Anderson Hwy Powhatan, VA 23139

    For Lease
    $23 SF/Yr

    Prime 24,000 SF Warehouse Space Available

    Lot size:
    24,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    368
    This exceptional build-to-suit opportunity presents 24,000 square feet of warehouse space in Powhatan, Virginia's rapidly expanding retail submarket. Located on a substantial 18.23-acre lot, this Class A property offers significant potential for customization and expansion. The site is strategically positioned within a thriving area, boasting high visibility with 31,000 vehicles passing daily on Anderson Highway (Route 60). Its proximity to Westchester Commons and Route 288 ensures excellent accessibility and connectivity. The property's mixed-use zoning allows for the addition of retail, office, and drive-thru components, maximizing its versatility and investment potential. The proposed new building addition is designed to be delivered within 18 months. Furthermore, the location benefits from substantial residential growth, with approximately 3,000 new residences approved or under construction within a three-mile radius, guaranteeing a strong and expanding customer base. This presents a unique chance to develop a state-of-the-art facility in a high-demand area. The existing building can be subdivided to meet specific tenant needs. This is an ideal opportunity for businesses seeking a modern, efficient, and strategically located warehouse in a booming market.

    Property Features for 1355 Anderson Hwy

    General Information

    Property type
    Distribution properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    24,000 SF
    Class
    A

    Unit(s) available at that property

    Space
    Size
    24,000 SF
    Rate per SF
    $23

    HighLights

    • Build‑to‑suit warehouse opportunity in Powhatan, Virginia.
    • 24,000 SF of vacant warehouse space available for build‑to‑suit development.
    • 18.23‑acre mixed‑use lot, allowing for retail, office, and drive‑thru development.
    • High‑traffic location with 31,000 vehicles per day on Anderson Highway (Route 60).
    • Excellent location near Westchester Commons and Route 288, with strong residential growth in the area.
    Property Profile Location Intelligence

    Current Use by Public Records

    Classic Granite and Marble Granite Supplier Black Optix Tint Auto Window Tinting Service

    Suggested Use

    Realty agency Law Firm Dental Office Building Supply Wholesale Shop Hair Salon Auto Repair Shop Clothing Store Hotel & Motel Auto Parts Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Powhatan
    County
    Powhatan
    State
    Virginia
    Longitude
    -77.7367888
    Latitude
    37.5058591

    Nearby Comparable

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      Powhatan County Commercial Land

      Build-to-suit opportunity, 1.24 acres.
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    • $1,950 /Mo
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      Office Space with Private Bathroom

      Open concept office space available for rent in Powhatan.
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    Nearby Similar for Lease

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      1664 Anderson Hwy, Powhatan, VA 23139
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    FAQs

    What type of property is this?
    Distribution property - Prime 24,000 SF Warehouse Space Available
    Where is this distribution property located?
    The property is located at 1355 Anderson Hwy Powhatan, VA.
    What is the lease rate?
    The lease rate is $23 SF/Yr.
    What are key features of this property?
    This property features: Build-to-suit warehouse opportunity in Powhatan, Virginia.; 24,000 SF of vacant warehouse space available for build-to-suit development.; 18.23-acre mixed-use lot, allowing for retail, office, and drive-thru development.
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    1355 Anderson Hwy Powhatan, VA 23139
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    Powhatan, VA 23139
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1355 Anderson Hwy Powhatan, VA 23139
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