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    3200 Virginia Ave Collinsville, VA 24078

    Sponsored
    For Lease
    Contact for pricing

    8.86 Acres, High-Traffic Location

    Lot size:
    487,872 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 8.86-acre site presents a unique redevelopment opportunity in the thriving Southern Virginia submarket of Collinsville. Ideally situated on Virginia Avenue (US-220 Business) and First Street, the property boasts significant road frontage – approximately 700 feet along Virginia Avenue and 445 feet along First Street. The site benefits from a high average annual daily traffic count of 22,000 vehicles, ensuring excellent visibility and accessibility for any future development. Previously occupied by industrial buildings, the land is now cleared, with demolition completed as of August 2023, providing a clean slate for immediate construction. Zoned B1, this versatile property is suitable for a range of commercial and residential uses, including retail, restaurant, and other mixed-use projects. Several illustrative site plans are available, showcasing the diverse redevelopment potential of this strategically located parcel. The property's size and location make it an attractive investment for developers seeking a high-impact project in a growing area. The substantial road frontage offers exceptional opportunities for signage and visibility, maximizing the potential for attracting customers and tenants. This is a rare chance to acquire a large, cleared site in a prime location with significant development potential. Contact us today to learn more about this exciting opportunity.

    Property Features for 3200 Virginia Ave

    General Information

    Property type
    Restaurants
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    487,872 SF

    Unit(s) available at that property

    Space
    Available Space
    Size
    487,872 SF

    HighLights

    • 8.86‑acre redevelopment site in Collinsville, VA.
    • Zoned B1.
    • 700 ft of frontage on US‑220 Business (Virginia Avenue) and 445 ft on First Street.
    • Cleared site; industrial buildings demolished August 2023.
    • High traffic area with approximately 22,000 AADT.
    • Suitable for various commercial and residential uses.
    Property Profile Location Intelligence

    Current Use by Public Records

    Stihl Lawn Mower Repair Service

    Suggested Use

    Restaurant Realty agency Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Collinsville
    County
    Henry
    State
    Virginia
    Longitude
    -79.914978935739
    Latitude
    36.723249989018

    Nearby Comparable

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    Nearby Similar for Lease

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      4,480 SF

      Collinsville, VA Office/Retail Space

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      Collinsville Retail/Warehouse Opportunity

      12,600 SF Flex Space, 0.9 Acres
      3200 Virginia Ave, Collinsville, VA 24078
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    • $8 SF/Yr
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      Dutch Inn Plaza: Collinsville Office Space

      Prime Collinsville Office & Retail, 3 Spaces Available
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      Collinsville Retail Center Investment

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      50,000 SF

      Collinsville, VA Call Center

      50,000 SF Plug & Play Office Space
      2000 Virginia Ave, Collinsville, VA 24078
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    FAQs

    What type of property is this?
    Restaurant - 8.86 Acres, High-Traffic Location
    Where is this restaurant located?
    The property is located at 3200 Virginia Ave Collinsville, VA.
    What are key features of this property?
    This property features: 8.86-acre redevelopment site in Collinsville, VA.; Zoned B1.; 700 ft of frontage on US-220 Business (Virginia Avenue) and 445 ft on First Street.
    Request Owner's contact information
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    Collinsville, VA 24078
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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
    3200 Virginia Ave Collinsville, VA 24078
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