Property profile

1346 Anderson Hwy Powhatan, VA 23139

OFF-MARKET
Industrial properties
Property ID
US87-2954084
3,600 SF 1.12 ac lot Built 1998
Entity Owned Free & Clear
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Property summary

AI-generated overview

This exceptional investment opportunity encompasses two commercial properties situated on Anderson Highway in the thriving Powhatan, Virginia retail submarket. The offering includes two parcels totaling approximately 2.12 acres. One parcel, located at 1346 Anderson Highway, features a 3,600 square foot automotive shop building situated on 1.12 acres. The second parcel, at 1348 Anderson Highway, houses a 2,925 square foot occupied building on 1 acre. Both properties benefit from high daily traffic counts on Anderson Highway, providing excellent visibility and accessibility. The location offers convenient access to Route 288 and Westchester Commons, further enhancing its appeal. The property also presents the opportunity for pylon signage, maximizing marketing potential. This is a rare chance to acquire a well-positioned retail investment in a rapidly growing area. The asking price for both properties is $1,700,000. This represents a compelling investment opportunity in a prime Powhatan location. The properties are located in Powhatan County, Virginia, zip code 23139.

Property profile

Verified
Property type Industrial properties
Use group MIXED USE (COMMERCIAL/INDUSTRIAL)
Year built 1998
Total area 3,600 SF
Lot 1.12 ac (48,787 SF)
Zoning code CC
APN 043-36C
UPID US87-2954084

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Auto Repair Shop

Location

1346 Anderson Hwy Powhatan, VA 23139-8001
Powhatan metro Census 500101 RICHMOND, VA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$280k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$280k

Owner & transaction history

Zoning & alternative use

CC · Powhatan, VA

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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