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Property profile & analytics
FOR LEASE
Shopping centers

730 Church St E Martinsville, VA 24112

16.6 ac lot Built 1962
Entity Owned Free & Clear
Property ID
US87-3192102
Property summary
AI-generated overview

This exceptional investment opportunity presents 213,869 square feet of retail, office, and restaurant space within the Patrick Henry Mall, situated on a 16.6-acre lot in Martinsville, Virginia. The property, located at 730 Church St E, boasts a prime location in the Southern Virginia submarket, with convenient access via Brookdale Street. Built in 1962 and zoned C-N (APN 000137300), the mall offers multiple tenancy options with spaces ranging from 2,300 to 84,085 contiguous square feet. Seven spaces are currently available, ideal for a variety of executive office uses. The property benefits from its established tenant mix, including a CVS Pharmacy directly adjacent, and presents significant redevelopment potential for larger suites. The property's extensive size and strategic location in Henry County, VA (zip code 24112), make it an attractive proposition for businesses seeking a prominent presence in the area. This well-maintained property offers a blend of established retail and service tenants, providing a strong foundation for future growth and profitability. The minimum divisible space is 2,300 square feet.

Property profile
Verified
Property type Shopping centers
Use group SHOPPING CENTER COMMON AREA
Year built 1962
Lot 16.6 ac (723,009 SF)
Zoning code C-N
APN 35 (04 )00 /X
UPID US87-3192102
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
  • Reflections Day Spa Alternative Medicine Practice Spa & Massage Center
  • Lee Nails Nail Salon
  • REA People Helping People Help People Discount Store
  • Wimmer Optical Ophthalmologist (Bike/Boat/Book/etc) Store
  • Dollar Tree Discount Store
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
R C REALTY CORP R C REALTY CORP
R C REALTY CORP R C REALTY CORP
Zoning & alternative use
C-N · Martinsville, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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