Property profile

2940 Clinch St Richlands, VA 24641

OFF-MARKET
Strip malls
Property ID
US87-2198966
163,985 SF 13.6 ac lot Built 1960
Entity Owned 2-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional 18,000+/- square foot flex space, located at 2940 Clinch Street, Unit H, in Richlands, Virginia, offers unparalleled versatility for a wide range of businesses. Situated on Highway 460, this property boasts convenient access to major transportation routes, facilitating efficient logistics and distribution. The unit features a spacious open layout, easily adaptable to various needs, including industrial, flex, or retail uses. A well-designed vestibule houses two offices, providing a dedicated administrative area. Essential amenities such as restrooms are included. Loading docks at the rear of the unit ensure smooth shipping and receiving operations. This strategic location provides easy access to major cities including Charlotte, NC

Property profile

Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 1960
Total area 163,985 SF
Lot 13.6 ac (592,329 SF)
APN 105A3A 0023
UPID US87-2198966

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
  • Hair Salon Nail Salon
  • (Bike/Boat/Book/etc) Store
  • Take-out & Catering
  • Pharmacy
  • Crypto Atm

Location

2940 Clinch St Richlands, VA 24641-2140
Richlands metro Census 21000 BLUEFIELD, WV-VA MICROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$1.54M
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$1.55M

Owner & transaction history

since 2023
Last sale
$1.5M
2 recorded transactions
2023
Price N/A
2023
$1.5M

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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