Current Use by Public Records
- Retail properties & Spaces
Property Details for 1 & Kings Acres Rd
- Property type
- Retail properties & Spaces
Description
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.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Glen Allen
- County
- Hanover
- State
- Virginia
- Longitude
- -77.4617
- Latitude
- 37.6819
