2706 Virginia Ave Collinsville, VA 24078
- Lifestyle centers
- 87,370 SF
Current Use by Public Records
- Schewels Home / Furniture Store / Appliance Store
Property Details for 2706 Virginia Ave
- Year built
- 1962
- Property size
- 87,370 SF
- Property type
- Lifestyle centers
- Property subtype
- Power centers
Description
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.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Collinsville
- County
- Henry
- State
- Virginia
- Longitude
- -79.9109
- Latitude
- 36.7172
