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Property profile & analytics
OFF-MARKET
Industrial properties

321 Queen St Tappahannock, VA 22560

1,468 SF 0.13 ac lot Built 1898
Entity Owned 8-yr Hold Free & Clear
Property ID
US87-3332765
Property summary
AI-generated overview

This exceptional commercial property at 321 Queen Street, Tappahannock, Virginia, presents a unique investment opportunity. Priced at $227,500, this 0.25-acre lot boasts a general commercial building currently occupied by a thriving retail tenant, ensuring immediate cash flow. The building's prime location at the corner of Main and Prince Streets guarantees high visibility and foot traffic, further enhanced by its proximity to a popular local burger restaurant. The property's inherent charm makes it an attractive retail space, ideal for both established businesses and new ventures seeking a strong foothold in the Tappahannock market. The current tenant provides a stable income stream, making this an excellent addition to any investment portfolio. This is a rare opportunity to acquire a well-situated, income-generating commercial property in a desirable location. The building's character and the strategic location combine to offer significant potential for long-term growth and profitability. The property is ready for immediate ownership, offering a seamless transition for the new owner. Don't miss this chance to secure a valuable asset in a thriving community. The asking price reflects a recent price improvement, making this an even more compelling investment.

Property profile
Verified
Property type Industrial properties
Use group MIXED USE (COMMERCIAL/INDUSTRIAL)
Year built 1898
Total area 1,468 SF
Lot 0.13 ac (5,663 SF)
Zoning code CC1
APN 32B 14 L 9
UPID US87-3332765
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
  • Homeland Title Settlement Agency, LLC Title Company
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Rake Investments LLC A Virginia Lim · 8 yrs held
Rake Investments LLC A Virginia Lim
since 2018
2 recorded transactions
2018
$218,000
2017
$110,000
Zoning & alternative use
CC1 · Tappahannock, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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