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    2420 Virginia Ave Collinsville, VA 24078

    For Lease
    $8 SF/Yr

    Prime Collinsville Office & Retail, 3 Spaces Available

    Lot size:
    70,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    362
    Dutch Inn Plaza, located at 2420 Virginia Ave, Collinsville, VA 24078, presents a compelling investment opportunity. This single-story, Class B commercial property boasts a total of 70,000 square feet, situated on a 6.9-acre lot. Currently, there are three available spaces ranging from 2,000 to 9,000 square feet, representing 14,000 square feet of vacant space within the seven total suites. The property is zoned B1 and served by Appalachian Power. Elevators are not available. The building's prime location on US 220 (Virginia Avenue) ensures high visibility and accessibility, benefiting from an average annual daily traffic count of 23,000 vehicles. This makes it an ideal location for businesses seeking high traffic exposure. The property is classified as Retail, Office, with subtypes including Executive Office, Strip Center, and Shopping Center, offering flexibility for a variety of tenants. The minimum divisible space is 2,000 square feet. This property offers a unique blend of retail and office space in a high-traffic area, making it an attractive option for businesses seeking a prominent location in Collinsville, Virginia.

    Property Features for 2420 Virginia Ave

    General Information

    Property type
    Lifestyle centers
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    70,000 SF
    Class
    B
    Total Rate
    46666.67

    Building Details

    Buildings
    1
    Stories
    1

    Unit(s) available at that property

    Space
    Suite 3
    Size
    9,000 SF
    Rate per SF
    $10
    Space
    Suite 7
    Size
    3,000 SF
    Rate per SF
    $8
    Space
    Suite 6
    Size
    2,000 SF
    Rate per SF
    $10

    HighLights

    • High‑traffic intersection with 23,000 AADT.
    • Strong tenant roster including AutoZone, Dollar General, Rent‑A‑Center, Domino's, T‑Mobile, and others.
    • Adjacent to a 148‑room Quality Inn hotel.
    • Ample parking available.
    Property Profile Location Intelligence

    Current Use by Public Records

    Suit City Men'S Clothing Store

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Collinsville
    County
    Henry
    State
    Virginia
    Longitude
    -79.907868258026
    Latitude
    36.712591795746

    Nearby Comparable

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      50,000 SF

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      4,480 SF

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    Nearby Similar for Lease

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      4,480 SF

      Collinsville, VA Office/Retail Space

      4,480 SF Single-Tenant Building, High Visibility
      3344 Virginia Ave, Collinsville, VA 24078
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      12,600 SF

      Collinsville Retail/Warehouse Opportunity

      12,600 SF Flex Space, 0.9 Acres
      3200 Virginia Ave, Collinsville, VA 24078
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      87,370 SF

      Collinsville Retail Center Investment

      87,370 SF Retail/Office Opportunity in VA
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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?
    Lifestyle center - Prime Collinsville Office & Retail, 3 Spaces Available
    Where is this lifestyle center located?
    The property is located at 2420 Virginia Ave Collinsville, VA.
    What is the lease rate?
    The lease rate is $8-$10 SF/Yr.
    What are key features of this property?
    This property features: High-traffic intersection with 23,000 AADT.; Strong tenant roster including AutoZone, Dollar General, Rent-A-Center, Domino's, T-Mobile, and others.; Adjacent to a 148-room Quality Inn hotel.
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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
    2420 Virginia Ave Collinsville, VA 24078
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