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    OFF-MARKET
    Drug stores

    109 Stuart Ave, Elkton, VA 22827

    17,043 SF Built 1969
    Property ID
    US87-3011565
    Property summary
    AI-generated overview

    This exceptional retail opportunity presents a 17,043 square foot multi-tenant building situated on a 1-2 acre lot at 109 South Stuart Avenue in Elkton, Virginia. The property, built in 1969 and extensively renovated in 2020, comprises three single-story buildings offering a diverse range of retail spaces, currently occupied by a discount store, pharmacy, auto parts store, and restaurant. A significant 6,200 square feet of retail space is currently available, presenting a unique chance for expansion or new tenancy. The property boasts 70 parking spaces, catering to the needs of both tenants and customers. Its B2 zoning allows for a variety of retail uses. The location is highly desirable, benefiting from its proximity to the popular Massanutten Resort and the entrance to the scenic Shenandoah National Park, ensuring high visibility and foot traffic. This lively shopping center is ideally positioned within the growing Elkton, VA market, offering a strong investment potential for discerning buyers. The property's recent renovations ensure modern amenities and a well-maintained environment. This is a rare opportunity to acquire a well-established retail center in a thriving location. The available space is 6,200 square feet, with one 5,200 square foot space currently available.

    Property profile
    Verified
    Property type Drug stores
    Year built 1969
    Total area 17,043 SF
    UPID US87-3011565
    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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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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