Property profile

1950 Anderson Hwy Powhatan, VA 23139

FOR SALE
Industrial properties
Property ID
US87-2510204
149,648 SF 29.73 ac lot Built 2012
Entity Owned Absentee Owner Free & Clear
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Property summary

AI-generated overview

This exceptional commercial land offering presents a rare opportunity for development in the thriving Powhatan County, Virginia market. Located at 1950 Anderson Hwy, Powhatan, VA 23139, this property boasts two available lots, providing flexibility for various commercial ventures. Lot 1 encompasses 0.92 acres, while Lot 2 offers a more substantial 1.31 acres. Both lots benefit from a newly installed, full signalized access point, ensuring excellent visibility and convenient ingress/egress. The site is already zoned and fully prepared for immediate development, eliminating lengthy permitting delays. This prime location is strategically situated near a Walmart, capitalizing on the high traffic volume generated by this major retailer. Further enhancing its appeal, the property enjoys exceptional accessibility via US Route 60, a major thoroughfare boasting an impressive 29,000 Average Annual Daily Traffic (AADT) count. This translates to significant exposure for any business established on this site. The combination of ideal location, convenient access, and development-ready status makes this an unparalleled investment opportunity in a rapidly growing commercial area. Don't miss this chance to secure a prominent position in Powhatan County's dynamic commercial landscape.

Property profile

Verified
Property type Industrial properties
Use group MIXED USE (COMMERCIAL/INDUSTRIAL)
Year built 2012
Total area 149,648 SF
Lot 29.73 ac (1,294,995 SF)
Zoning code CC
APN 042-6-1
UPID US87-2510204

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Social Service Agency
  • Bank Credit Union
  • Check Cashing
  • Electrical Service General Contractor
  • Tech Support Center (Bike/Boat/Book/etc) Store

Location

1950 Anderson Hwy Powhatan, VA 23139
Powhatan metro Census 500101 RICHMOND, VA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$3.24M

Owner & transaction history

Zoning & alternative use

CC · Powhatan, VA

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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