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Property profile & analytics

7002 George Washington Memorial Hwy Gloucester, VA 23061

  • Office buildings
  • 1,096 SF
  • 0.52 lot acres
Value Estimation
Location Intelligence
Property ID
US87-1446691
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

Current Use by Public Records

  • Office buildings

Property Details for 7002 George Washington Memorial Hwy

Year built
1965
Lot size
0.52 lot acres
Property size
1,096 SF
Zone code
B-1
Property type
Office buildings
APN
28142
APU
28142

Description

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.

Value Estimation

Powered by Realmo proprietary methodology Last update: July 3, 2025
  • CAP approach

  • Comparable approach

  • Alternative Use

Location Insight

  • Map
  • Local Demand
City
Gloucester
County
Gloucester
State
Virginia
Longitude
-76.5302
Latitude
37.3921
CBSA code
47260
CBSA name
VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2024
$2,662
$379,990
$76,660
$456,650
-
$379,990
$76,660
$456,650
More about this property
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