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    1346 Anderson Hwy Powhatan, VA 23139

    For Sale
    $1,700,000

    Two buildings, high traffic location, excellent access.

    Property size:
    2,925 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    368
    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 Features for 1346 Anderson Hwy

    General Information

    Property type
    Retail properties
    Square Feet
    2,925 SF
    Lot Size
    43,560 SF

    HighLights

    • Two commercial parcels totaling 2.12 acres available for sale in Powhatan, VA.
    • 1346 Anderson Hwy: 3,600 SF automotive shop on 1.12 acres.
    • 1348 Anderson Hwy: 2,925 SF occupied building on 1 acre.
    • Located in Powhatan's rapidly growing retail submarket.
    • Pylon signage opportunity.
    • Excellent access to Route 288 and Westchester Commons.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Stanton's Auto & Truck ... Auto Repair Shop

    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
    -77.7352788
    Latitude
    37.5070397

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    FAQs

    What type of property is this?
    Retail property - Two buildings, high traffic location, excellent access.
    Where is this retail property located?
    The property is located at 1346 Anderson Hwy Powhatan, VA.
    What is the asking price?
    The asking price for this property is $1,700,000.
    What are key features of this property?
    This property features: Two commercial parcels totaling 2.12 acres available for sale in Powhatan, VA.; 1346 Anderson Hwy: 3,600 SF automotive shop on 1.12 acres.; 1348 Anderson Hwy: 2,925 SF occupied building on 1 acre.
    (804) 864-9788
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    1346 Anderson Hwy 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
    1346 Anderson Hwy Powhatan, VA 23139
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