Technical
Financial
Distress signals
Property profile

424 N Main St Kilmarnock, VA 22482

FOR LEASE
Commercial land
Property ID
US87-2483832
9.52 ac lot
Entity Owned 8-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

Lancaster Square Shopping Center, located at 424 N Main Street in Kilmarnock, Virginia (zip code 22482), presents a prime retail opportunity. This established shopping center boasts a total of 60,000 square feet of retail space situated on a 6.854-acre lot. Currently, there is 16,250 square feet of vacant space available, offering flexibility for various retail concepts. The minimum divisible space is 7,800 square feet, while the maximum contiguous space available is 8,450 square feet. The property is zoned C-1, allowing for a range of commercial uses. The center features a Food Lion anchor tenant, ensuring high foot traffic and visibility for potential occupants. This location in Lancaster County offers excellent access to the local community and provides a strong foundation for a successful retail venture. The property's address is easily accessible from N Main Street. Serious inquiries are encouraged to explore this exceptional retail space within a well-established shopping center. The property's size and location make it an ideal investment for businesses seeking a prominent presence in the Kilmarnock market. The available space offers a chance to establish or expand a retail operation in a thriving community.

Property profile

Verified
Property type Commercial land
Use group VACANT COMMERCIAL LAND
Lot 9.52 ac (414,648 SF)
Zoning code C1
APN 23 73
UPID US87-2483832

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
  • Grocery & Convenience Store Food Market
  • Atm Currency Exchange Service
  • Bank Credit Union
  • Big Box & Wholesale Store

Location

424 N Main St Kilmarnock, VA 22482
Kilmarnock metro Census 30200
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$300k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$300k

Owner & transaction history

since 2018
1 recorded transaction
2018
$3.7M

Zoning & alternative use

C1 · Kilmarnock, 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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More about this property
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