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Property profile & analytics
FOR SALE
Grocery and convenience stores

10290 John Clayton Memorial Hwy Gloucester, VA 23061

1,068 SF 0.74 ac lot Built 1920
Entity Owned Free & Clear
Property ID
US87-1475567
Property summary
AI-generated overview

This exceptional retail opportunity in Gloucester, Virginia, presents a 1,068-square-foot vacant building situated on a high-traffic corner lot. The property, encompassing 2.33 acres (comprised of two parcels: 020-32A & 020-32B), offers significant visibility and accessibility from John Clayton Memorial Highway (10290). Built in 1920, the single-story structure, zoned B-1, presents a unique blend of historical charm and modern potential. The property features eleven paved off-street parking spaces and boasts a well-maintained septic system installed in 2002. Its adaptable nature makes it suitable for a variety of retail uses, including auto shops, convenience stores, and storefronts. The asking price is $299,000. This property's strategic location, ample space, and high traffic volume make it an ideal investment for owner-occupants, developers, or investors seeking a strong return. The property's history as a post office adds to its unique character and potential for adaptive reuse. This is a rare opportunity to acquire a prominent retail space in a thriving community.

Property profile
Verified
Property type Grocery and convenience stores
Use group CONVENIENCE STORE
Year built 1920
Total area 1,068 SF
Lot 0.74 ac (32,234 SF)
Zoning code B-1
APN 23870
UPID US87-1475567
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history
A & L INC
A & L INC
Zoning & alternative use
B-1 · Gloucester, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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More about this property
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