1747-1811 George Washington Memorial Hwy Gloucester Point, VA 23062
The Point Shoppes, a 37,000 square foot Class C retail center in Gloucester County's Peninsula submarket, offers exceptional opportunities for businesses seeking high-visibility locations. Currently undergoing extensive renovations under new ownership, this single-story building boasts significant recent improvements, including a new roof and pump station, updated façade, replaced HVAC systems, and a freshly sealed and restriped parking lot. With ample parking and prime visibility from the heavily trafficked George Washington Memorial Highway (US 17), this center provides excellent exposure. Multiple suites are available, ranging from 1,315 to 6,754 contiguous square feet, with a total of 17,500 square feet currently vacant. The property features a strong existing tenant mix, including established businesses such as Taylor's Do-It Center, West Marine, and Eggheads, creating a vibrant and diverse retail environment. The center's location on US 17, near the cross street of Farmwood, ensures easy access and high traffic volume. This is an ideal opportunity to establish or expand your business in a thriving retail hub undergoing significant revitalization. The minimum divisible space is 1,315 square feet, making it suitable for a variety of businesses. The property is comprised of 21 total suites. Renovations completed in 2020 further enhance the property's appeal and functionality.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.