109 Stuart Ave, Elkton, VA 22827
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty description
Physical attributes from public recordsZoning & alternative use
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Costs & Benchmarks
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.