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Property profile & analytics
OFF-MARKET Estimated value $1,300,000
Industrial properties

3510 Anderson Hwy Powhatan, VA 23139-5846

12,125 SF 5.23 ac lot Built 2009
Individually Owned 20-yr Hold Absentee Owner Free & Clear
Property ID
US87-2744423
Property summary
AI-generated overview

This exceptional 0-acre commercial parcel boasts 550 feet of road frontage on US Route 60 in Powhatan, Virginia. Its Commerce Center zoning designation unlocks a wide array of development possibilities, encompassing 82 permitted uses, 21 conditional uses, and 23 accessory uses. This presents a unique opportunity for investors seeking high-visibility commercial development. The property's strategic location benefits significantly from the recent rezoning of an adjacent 36.8-acre parcel to Commerce Center zoning. This neighboring development will generate substantial customer traffic and foot traffic, creating a vibrant and attractive commercial environment. Furthermore, an internal road network ensures convenient access to the property, simplifying logistics and enhancing its appeal. The presence of established businesses, including a doctor's office and physical therapy clinic, directly behind the parcel, provides an existing customer base and further enhances the property's value and potential. This prime location, coupled with the expansive zoning allowances and the positive impact of nearby development, makes this parcel an exceptional investment opportunity in a rapidly growing area. The asking price is $565,000. Serious inquiries are encouraged.

Property profile
Verified
Property type Industrial properties
Use group MIXED USE (COMMERCIAL/INDUSTRIAL)
Year built 2009
Total area 12,125 SF
Lot 5.23 ac (227,601 SF)
Zoning code CC
APN 039-78A
UPID US87-2744423
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
  • Tidewater Physical Therapy Inc Physician
  • Hartwell Rainey Physician
  • Vancuran Keith W MD Physician
  • Dr. Jennifer B. Brown, MD Pediatrician Physician
  • Dr. Jo M. Martin, MD Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.15M
Blend (final) Blend
$1.30M
Owner & transaction history
Mary Elizabeth Whitney · 20 yrs held
Mary Elizabeth Whitney
since 2006
1 recorded transaction
2006
Price N/A
Zoning & alternative use
CC · Powhatan, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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