32127 Main StBoykins, VA 23827

Property Details for 32127 Main St

Year built

1950

Lot size

0.10 AC

Property size (Sq ft)

3,795 SF

Property type

Retail properties

Property subtype

Retail space

APN

112A 5 BK7-14

APU

112A5BK714

Description

This exceptional commercial property, located at 32127 S Main Street in Boykins, Virginia, presents a unique investment or owner-occupied business opportunity. The 6,000 square foot building sits on a 0.13-acre lot and boasts a highly visible Main Street frontage, complemented by rear access from a busy street. The building currently features four commercial units, each with its own distinct character and potential. Three prominent display windows enhance the street presence. A portion of the building is currently occupied by an established restaurant, demonstrating existing commercial viability. Previous tenants have included a butcher shop/meat market and an antique shop, highlighting the versatility of the space. The sale includes some existing butcher and restaurant equipment, providing a head start for new ventures. The property offers ample parking at both the front and rear. Priced aggressively at $120,000 ($20 per square foot), this property is priced below tax assessment and owner financing may be available. This is an ideal opportunity to establish your own business or build a strong rental income stream. The dual street access and high visibility make this a truly exceptional commercial property.

• CAP approach

  CAP return

  Valuation

  6%

  $1,035,029

  6.5%

  $955,411

  7%

  $887,168

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,073,309

  Geo Method

  $2,195,183

• Alternative Use

  Use

  Valuation

  Residential

  $805,925

  Hospitality

  $738,223

  Educational

  $614,193

  Medical

  $635,316

  Retail

  $955,411

Location Insight

City

Boykins

County

Southampton

State

Virginia

Latitude

36.5838

Longitude

-77.1999

CBSA code

47260

CBSA name

VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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