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Property profile & analytics
OFF-MARKET Estimated value $705,000
Grocery and convenience stores

961 Temple Ave Colonial Heights, VA 23834-2800

2,248 SF 0.75 ac lot Built 1992
Entity Owned 3-yr Hold ~ Est. High Equity
Property ID
US87-1767974
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Grocery and convenience stores
Use group CONVENIENCE STORE
Year built 1992
Construction FRAME
Total area 2,248 SF
Lot 0.75 ac (32,670 SF)
Zoning code B1
APN 6803000007C
UPID US87-1767974
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
  • Sunoco Gas Station Gas Station
  • ATM (Uppy's Convenience Store) Atm
  • Western Union Bank Credit Union
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$655k
CAP Approach CAP
$450k
Comparable Approach Comparable
by Request
Blend (final) Blend
$705k
Owner & transaction history
Vikas Realty LLC · 3 yrs held
Vikas Realty LLC
since 2023
Last sale
$700,000
2 recorded transactions
2023
$700,000
2018
$1.2M
Zoning & alternative use
B1 · Colonial Heights, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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