7002 George Washington Memorial Hwy Gloucester, VA 23061-5133
This exceptional commercial property, located at 7002 George Washington Memorial Highway in Gloucester, VA, presents a unique investment opportunity. Situated on a 0.52-acre lot, this building boasts unparalleled visibility on a major thoroughfare, Route 17, with an impressive average daily traffic count of approximately 40,000 vehicles. Its strategic location places it within one mile of prominent retailers such as Walmart, Home Depot, and Lowe's, ensuring high foot traffic and convenient access for potential clients. The property is zoned B-1, allowing for a diverse range of commercial uses, including but not limited to attorney's offices, daycare centers, and medical practices. The building itself offers significant advantages, including an elevated, digital display sign, maximizing exposure and brand recognition. This feature, combined with the high traffic volume and proximity to Gloucester Courthouse, creates an ideal setting for businesses seeking maximum visibility and accessibility. The property's versatility and prime location make it an exceptional investment opportunity for entrepreneurs and businesses seeking to establish a strong presence in a thriving community. The asking price is $350,000.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2024Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
B-1 · Gloucester, VACosts & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.