2706 Virginia Ave Collinsville, VA 24078
This exceptional 87,370-square-foot single-tenant retail and office property, located at 2706 Virginia Ave, Collinsville, VA 24078, presents a compelling investment opportunity. Situated on an 8-acre lot in Southern Virginia's thriving Collinsville submarket, this one-story, 1962-built center underwent a complete façade renovation in 2022. Currently, 42,825 square feet are available, offering significant potential for expansion or redevelopment. The property boasts a prime location on Virginia Avenue (US 220 Business), at a traffic-controlled intersection ensuring high visibility. Ample parking is provided with 381 spaces. The center benefits from strong anchor tenants including Schewel Home Furnishings, Dollar Tree, and Truist Bank, contributing to a diverse tenant mix. Utilities are serviced by Appalachian Power. The property is zoned B1 and features the APN 038930002. This is a rare opportunity to acquire a well-located, renovated retail and office center with significant upside potential in a growing market. No elevators are present.
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Schewels Home Furniture & Home Goods Home Decor Store
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
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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.