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    1 & Kings Acres Rd Glen Allen, VA 23059

    Sponsored
    For Lease
    Contact for pricing

    Seven Suites, High-Traffic Location

    Lot size:
    1 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional retail property, situated at the prominent intersection of Route 1 and Kings Acres Road in Glen Allen, Virginia, presents a unique investment opportunity. The center comprises seven individual suites, offering a flexible layout suitable for a variety of commercial tenants. Currently, one suite totaling 1 square foot is vacant, presenting immediate leasing potential. The property boasts a total building area of 1 square foot across all seven suites. The expansive lot size ranges from 1.14 to 2.83 acres, providing ample space for parking and potential future expansion. Located in Hanover County, zip code 23059, this property benefits from high visibility and convenient access to major roadways, ensuring significant foot and vehicle traffic. The multiple tenancy structure allows for diverse business combinations, maximizing rental income potential. This prime retail location in the thriving Glen Allen market offers a compelling opportunity for investors seeking a strong return on investment. The vacant suite presents an immediate chance to secure a desirable tenant and increase occupancy. The property's size and location make it an ideal choice for businesses seeking a high-traffic location with excellent visibility. This is a rare opportunity to acquire a well-positioned retail center in a rapidly growing area. The property's flexibility and potential for future development make it a truly exceptional investment.

    Property Features for 1 & Kings Acres Rd

    General Information

    Property type
    Retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    1 SF

    Unit(s) available at that property

    Space
    Available Space
    Size
    120,661 SF
    Space
    Available Space
    Size
    58,370 SF
    Space
    Available Space
    Size
    49,223 SF
    Space
    Available Space
    Size
    49,658 SF
    Space
    Available Space
    Size
    123,275 SF
    Space
    Available Space
    Size
    561,053 SF
    Space
    Available Space
    Size
    696,960 SF

    HighLights

    • 16‑acre site with anchor and junior anchor retail development opportunities.
    • Pre‑leasing now available.
    • High‑traffic Route 1 location (21,000 vehicles per day).
    • Signalized corner lot with multiple access points.
    • Convenient access to I‑95.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Glen Allen
    County
    Hanover
    State
    Virginia
    Longitude
    -77.4616893
    Latitude
    37.6818785

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    FAQs

    What type of property is this?
    Retail property - Seven Suites, High-Traffic Location
    Where is this retail property located?
    The property is located at 1 & Kings Acres Rd Glen Allen, VA.
    What are key features of this property?
    This property features: 16-acre site with anchor and junior anchor retail development opportunities.; Pre-leasing now available.; High-traffic Route 1 location (21,000 vehicles per day).
    Request Owner's contact information
    1 & Kings Acres Rd Glen Allen, VA 23059
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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
    1 & Kings Acres Rd Glen Allen, VA 23059
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