961 Temple Ave Colonial Heights, VA 23834-2800
- Grocery and convenience stores
- 2,248 SF
- 0.75 lot acres
Current Use by Public Records
- Sunoco Gas Station / Gas Station / Convenience Store
- ATM (Uppy's Convenience Store) / Atm
- Western Union / Money Transfer Service
Property Details for 961 Temple Ave
- Year built
- 1992
- Construction
- FRAME
- Lot size
- 0.75 lot acres
- Property size
- 2,248 SF
- Zone code
- B1
- Property type
- Grocery and convenience stores
- APN
- 6803000007C
- APU
- 6803000007C
Description
This exceptional investment opportunity presents a thriving 2,675 square foot convenience store and gas station, ideally situated on a 0.75-acre lot at 961 Temple Avenue in Colonial Heights, Virginia. Built in 1992, the property boasts a prime location in the heart of Colonial Heights, enjoying high visibility and convenient access. Its strategic placement directly across from Southpark Mall ensures consistent foot traffic and a strong customer base. The property is zoned B1, offering flexibility for potential future expansion or modifications within permitted uses. The existing business operations provide a proven track record of profitability, making this an attractive proposition for investors seeking a stable, income-generating asset. The asking price for this turnkey operation is $1,500,000. This well-established business offers a rare chance to acquire a profitable retail property in a high-demand area. The substantial lot size also presents opportunities for future development or expansion, adding further value to this already successful enterprise. Detailed financial records are available upon request. Don't miss this chance to own a piece of Colonial Heights' thriving retail landscape.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $720,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $630,000
- 6.5%
- $725,000
- 7%
- $730,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $675,000
- Geo Method
- $710,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $750,000
- Retail
- $720,000
- Mixed-Use
- $655,000
- Hospitality
- $805,000
- Educational
- $645,000
- Residential Income
- $660,000
- Energy
- $730,000
- Income-Based Land
- $690,000
- Food Service
- $655,000
Location Insight
- Map
- Local Demand
- City
- Colonial Heights
- County
- Colonial Heights City
- State
- Virginia
- Longitude
- -77.3984
- Latitude
- 37.2582
- CBSA code
- 40060
- CBSA name
- RICHMOND, VA METROPOLITAN STATISTICAL AREA
