916 Virginia AveClarksville, VA 23927

Property Details for 916 Virginia Ave

Year built

1985

Lot size

6.84 AC

Property size (Sq ft)

52,836 SF

Zone code

B1

Property type

Mixed-use properties

Property subtype

Other industrial properties

APN

147A07-A--024

APU

147A07A024

Description

This exceptional retail property, Clarksville Crossings Shopping Center, located at 916 Virginia Ave, Clarksville, VA 23927, presents a unique investment opportunity. Situated on Highway 15, this highly successful shopping center boasts a prominent location in Clarksville's thriving commercial district. The center features a Dollar Market anchor tenant, ensuring consistent foot traffic and strong visibility. Multiple spaces are currently available, ranging from a minimum of 1,800 square feet to a maximum contiguous space of 16,900 square feet, offering flexibility for a variety of retail, restaurant, or office uses. The property includes a large, well-lit parking lot for ample customer convenience. Adding to its appeal, the shopping center benefits from the presence of a police station, public library, and Hardee's restaurant on-site, creating a synergistic environment and attracting a diverse customer base. This prime location and established tenant mix make Clarksville Crossings Shopping Center an ideal investment for businesses seeking high visibility and strong community engagement in the Clarksville submarket. The property is classified as Retail/Restaurant/Office and offers a multi-tenant environment.

• CAP approach

  CAP return

  Valuation

  6%

  $9,793,134

  6.5%

  $9,039,816

  7%

  $8,394,115

• Comparable approach

  Method

  Valuation

  Relative Method

  $18,798,362

  Geo Method

  $18,798,362

• Alternative Use

  Use

  Valuation

  Residential

  $9,039,816

  Hospitality

  $8,280,422

  Educational

  $6,889,214

  Medical

  $7,126,145

  Retail

  $10,716,556

Location Insight

City

Clarksville

County

Mecklenburg

State

Virginia

Latitude

36.6219

Longitude

-78.5656

Property Tax & Assessments

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