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Property profile

54 Irvington Rd Kilmarnock, VA 22482

FOR SALE
Retail properties & Spaces
Property ID
US87-2880856
30,320 SF Built 1950
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Property summary

AI-generated overview

This exceptional 30,320 square foot commercial property located at 54 Irvington Road, Kilmarnock, Virginia, presents a significant redevelopment opportunity. Situated in the heart of the Steptoe District, the commercial hub of the Northern Neck and Lancaster County's largest incorporated town, this high-visibility site offers unparalleled potential. The property, built in 1950, experienced a fire in 2022 and is now available for purchase at $725,000. Its prominent location makes it ideal for a variety of commercial ventures, from retail spaces to restaurants. The property is zoned for commercial use and includes 11 parking spaces, with additional on-street and public parking available nearby on Augusta. Conveniently located 1.5 hours from Richmond, Williamsburg, and Norfolk, and 3 hours from Washington, D.C., this property boasts separate public water and sewer connections. The site features 220-volt power. This is a rare chance to acquire a substantial parcel in a thriving commercial area, perfect for developers seeking a high-impact project.

Property profile

Verified
Property type Retail properties & Spaces
Year built 1950
Total area 30,320 SF
UPID US87-2880856

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

54 Irvington Rd Kilmarnock, VA 22482
Kilmarnock metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

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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