Property summary
This exceptional 2,240 square foot former bank branch, located at 1145 E Atlantic St in South Hill, Virginia, presents a unique investment opportunity. Situated on a 0.9-acre lot, this property boasts a prime retail location, offering high visibility and prominent signage opportunities along a major thoroughfare with over 24,000 vehicles passing daily. The property benefits from easy access to Interstate 85 (less than a third of a mile away), a lighted intersection with multiple points of ingress/egress, and abundant onsite parking (30 spaces). The building features four drive-thru lanes, making it ideal for a variety of uses, including retail businesses, restaurants, or professional office spaces. This outparcel location is adjacent to a Walmart Supercenter, ensuring high traffic and visibility. The asking price is $1,395,000. Note that there is a five-year financial institution deed restriction in place. This property is located in Mecklenburg County, Virginia, zip code 23970.
Property profile
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Comparables
6 recent transactions · within 1.5 miComparable in this City
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Cap rate
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Property description
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