Current Use by Public Records
- Buddy’s Home Furnishings / Furniture & Home Goods / Home Decor Store
- Ashland Hanover Shopping Center / Shopping Center & Mall
Property Details for 251 Washington Hwy
- Property type
- Retail properties & Spaces
Description
This exceptional retail opportunity presents 24,529 square feet of vacant space within the Ashland Hanover Shopping Center, a dominant center in a vibrant Hanover County submarket. Located in close proximity to I-95, this property benefits from high traffic counts, with 23,000 ADT on US 1 and VA 54E. The center boasts a diverse tenant mix, including national, regional, and local retailers, anchored by a high-performing Food Lion. Multiple spaces are available, offering flexibility for various retail concepts. Individual spaces range from a minimum of 2,000 square feet to a maximum contiguous space of 12,240 square feet. Specifically, there are four available spaces: 3,600 square feet, 2,000 square feet, 6,689 square feet, and 12,240 square feet. The property's strategic location near Randolph Macon College, with its approximately 1,500 students, provides a significant built-in customer base. This presents a unique chance to establish or expand a retail presence in a thriving community with excellent visibility and accessibility. The property is situated in Hanover County and offers a compelling investment opportunity for businesses seeking a high-traffic location within a well-established retail center. The entire 24,529 square feet is currently vacant, providing a blank canvas for a new tenant or a redevelopment opportunity.
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
- Ashland
- County
- Hanover
- State
- Virginia
- Longitude
- -77.4695
- Latitude
- 37.7598
