10290 John Clayton Memorial Hwy Gloucester, VA 23061
For Sale
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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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2024Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
B-1 · Gloucester, VANo recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.