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    OFF-MARKET
    Grocery and convenience stores

    1151 Tappahannock Blvd, Tappahannock, VA 22560-9308

    2,160 SF 0.5 ac lot Built 1980
    Entity Owned 5-yr Hold Free & Clear
    Property ID
    US87-3331422
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Grocery and convenience stores
    Use group CONVENIENCE STORE
    Year built 1980
    Total area 2,160 SF
    Lot 0.5 ac (21,780 SF)
    Zoning code CG2
    APN 37 1A
    UPID US87-3331422
    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
    Current use
    Occupant on record · Public records
    • Exxon Gas Station
    • ATM (E & C Enterprises Inc) Atm
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    by Request
    Owner & transaction history
    Lake Anna 102 INC · 5 yrs held
    Lake Anna 102 INC
    since 2020
    Last sale
    $415,000
    1 recorded transaction
    2020
    $415,000
    Zoning & alternative use
    CG2 · Tappahannock, VA
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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