Current Use by Public Records
- Commercial real estate
Property Details for 1202 Anchorage Cir
- Year built
- 1970
- Lot size
- 5.80 lot acres
- Property type
- Commercial real estate
Description
This exceptional commercial investment property, situated at 1202 Anchorage Circle in Vansant, Virginia, presents a compelling opportunity for discerning investors. Boasting over 75,000 square feet of versatile space, ideal for retail, office, or warehouse uses, this property is currently generating income from multiple long-term tenants, promising a strong and stable return on investment. The property sits on a substantial 5.8-acre lot, providing ample space and significant road frontage exceeding 2,000 feet along State Highway 460. This prime location benefits from excellent visibility and accessibility, enhanced by a VDOT-maintained stoplight with dedicated turn lanes, ensuring convenient access for customers and employees. The property features over 350 parking spaces, accommodating a large volume of traffic. Individual utility meters for each unit offer efficient cost management and streamlined operations. Multiple access points from State Highway 460 further enhance the property's accessibility and operational flexibility. This property offers a highly attractive cap rate and represents a rare opportunity to acquire a substantial, income-producing commercial asset in a desirable location. The substantial size, multiple tenants, and prime location combine to create a truly exceptional investment prospect. The property is priced at $2,590,000.
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
- Vansant
- County
- Buchanan
- State
- Virginia
- Longitude
- -82.0715
- Latitude
- 37.2387
