Current Use by Public Records
- Kroger / Grocery & Convenience Store / Food Market
- Luxury Nails & Spa / Nail Salon
- Harbor Freight Tools / Building Supply / Hardware & Home Improvement
- Marshalls / Department Store
- US Marine Corps Recruiting / Military Recruiting Office
Property Details for 240 Commonwealth Blvd
- Property type
- Retail properties & Spaces
Description
The Village of Martinsville offers a unique investment opportunity in a thriving retail center. Strategically located at the intersection of Commonwealth Blvd. West and Liberty Street, this property enjoys exceptional visibility and accessibility along Martinsville's main commercial artery. Three signalized entrances ensure convenient access for customers. The center is anchored by a strong lineup of national retailers, including Kroger, Dunham's, Marshall's, Harbor Freight Tools, Belk, JoAnn Stores, and Maurices, creating a synergistic environment that drives significant foot traffic. This established center boasts a total of 288,254 square feet of retail space, currently featuring multiple tenants. One space is currently available, ranging in size from 1 square foot to 85,000 square feet, providing flexibility for various retail concepts. The high visit frequency of 10.05 demonstrates the center's consistent appeal to a loyal customer base, making it an attractive proposition for investors seeking a stable and high-performing retail asset. The property's prime location and strong tenant mix contribute to its robust performance and potential for future growth. This is an exceptional opportunity to acquire a stake in a well-established and successful retail center.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Martinsville
- County
- Martinsville City
- State
- Virginia
- Longitude
- -79.8775
- Latitude
- 36.6984
