1151 Tappahannock Blvd Tappahannock, VA 22560-9308
- Grocery and convenience stores
- 2,160 SF
- 0.50 lot acres
Current Use by Public Records
- Exxon / Gas Station
- ATM (E & C Enterprises Inc) / Atm
Property Details for 1151 Tappahannock Blvd
- Year built
- 1980
- Lot size
- 0.50 lot acres
- Property size
- 2,160 SF
- Zone code
- CG2
- Property type
- Grocery and convenience stores
- APN
- 37 1A
- APU
- 371A
Description
This exceptional 0.5-acre commercial property, located at 1151 Tappahannock Blvd in Tappahannock, Virginia (zip code 22560), presents a lucrative investment opportunity. The property boasts a 2,561 square foot building currently configured as an Exxon Gas/Convenience Center, offering significant potential for continued operation or redevelopment. Its B-1 zoning allows for a variety of commercial uses, making it highly adaptable to diverse business needs. Situated in Essex County, this location benefits from excellent visibility and accessibility, ensuring high traffic flow. The asking price is $1,550,000. The property's existing structure provides a solid foundation for immediate income generation, while the expansive lot size offers ample room for expansion or future development. This is a rare opportunity to acquire a well-positioned commercial property in a thriving Virginia market. Serious inquiries are encouraged to explore the full potential of this remarkable asset. The property is classified as both retail and land, and includes an existing auto shop component. The property is conveniently located in Tappahannock, VA.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $420,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $460,000
- 6.5%
- $440,000
- 7%
- $430,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $455,000
- Geo Method
- $440,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $490,000
- Retail
- $460,000
- Mixed-Use
- $450,000
- Hospitality
- $395,000
- Educational
- $450,000
- Residential Income
- $400,000
- Energy
- $495,000
- Income-Based Land
- $405,000
- Food Service
- $460,000
Location Insight
- Map
- Local Demand
- City
- Tappahannock
- County
- Essex
- State
- Virginia
- Longitude
- -76.8593
- Latitude
- 37.9161