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Property profile & analytics
OFF-MARKET Estimated value $550,000
Industrial properties

601 Virginia Ave Clarksville, VA 23927-9121

9,000 SF 0.54 ac lot Built 1968
Entity Owned 3-yr Hold ~ Est. High Equity
Property ID
US87-2502770
Property summary
AI-generated overview

This exceptional 2,880-square-foot commercial space represents a unique opportunity within the vibrant Royster development in Clarksville, Mecklenburg County. Located on a highly visible main street, this single-tenant space is part of a new mixed-use development that includes 48 residential units. Built in 2024, the property boasts a Class A finish and is ideally suited for traditional or creative office uses. The space is situated at the front of the development, ensuring excellent street-level visibility and accessibility for clients and employees. The building's modern design and prime location offer a compelling combination of functionality and aesthetic appeal. This retail, office, and special purpose property provides a blank canvas for businesses seeking a contemporary and well-positioned workspace. The 2,880 square feet offer ample room for customization to meet specific business needs. Its location within the thriving Royster development provides access to a diverse community and convenient amenities. This is a rare opportunity to secure a brand-new, high-quality office space in a rapidly growing area. The property's strategic placement within the Clarksville submarket offers excellent potential for business growth and visibility. Don't miss this chance to establish your business in this dynamic and desirable location.

Property profile
Verified
Property type Industrial properties
Use group MIXED USE (COMMERCIAL/INDUSTRIAL)
Year built 1968
Total area 9,000 SF
Lot 0.54 ac (23,522 SF)
Zoning code B2
APN 147A07-A--117
UPID US87-2502770
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
  • Clarksville Furniture Co Inc Furniture & Home Goods Home Decor Store
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$540k
CAP Approach CAP
by Request
Comparable Approach Comparable
$436k
Blend (final) Blend
$550k
Owner & transaction history
Mejm Properties Va LLC · 3 yrs held
Mejm Properties Va LLC
since 2022
Last sale
$550,000
1 recorded transaction
2022
$550,000
Zoning & alternative use
B2 · Clarksville, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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