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Property profile & analytics
OFF-MARKET
Lifestyle centers

2706 Virginia Ave Collinsville, VA 24078

87,370 SF Built 1962
Property ID
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Lifestyle centers
Year built 1962
Total area 87,370 SF
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Schewels Home Furniture & Home Goods Home Decor Store
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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