2620 Anderson Hwy Powhatan, VA 23139
This 3.66-acre commercially zoned parcel in Powhatan County, Virginia, presents a unique investment opportunity. Located on Route 60, it boasts exceptional visibility and accessibility, with thousands of vehicles passing daily. The property is zoned CC, allowing for a variety of commercial uses, including retail, office, and restaurants. A county-approved site plan exists for a 16,400 square foot building with 90 parking spaces. Public utilities are readily available, simplifying development. The largely level lot is partially cleared, offering flexibility in design. Its strategic location in a high-growth area, near major intersections (Routes 522 and 288), provides easy access to Richmond and surrounding areas. Neighboring businesses include Tractor Supply, McDonald's, Sheetz, and Walmart, indicating a strong retail presence. The asking price is $795,000, and the APN is 041-12C. This property is ideal for developers and investors seeking high-traffic exposure and significant development potential in a thriving community. The address is 2620 Anderson Hwy, Powhatan, VA 23139.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.