9801 Chester Rd Chester, VA 23831-1104
- Shopping centers
- 7,023 SF
- 6.58 lot acres
Current Use by Public Records
- Coinstar Kiosk | Bitcoin ATM / Atm / Currency Exchange Service
- Food Lion / Grocery Store
- CENTRALIA CROSSING / Shopping Mall
- Western Union / Money Transfer Service
- ATM / Atm
Property Details for 9801 Chester Rd
- Year built
- 1991
- Lot size
- 6.58 lot acres
- Property size
- 7,023 SF
- Zone code
- C3 - COMMUNITY BUS DIST
- Property type
- Shopping centers
- Property subtype
- Specialty properties
- APN
- 787-66-58-02-000-000
- APU
- 787665802000000
Description
Centralia Crossing Shopping Center offers exceptional retail opportunities in Chesterfield County. This established strip mall boasts a total of 50,724 square feet and currently has two available spaces ranging from 1,200 to 7,100 square feet. The center is anchored by a high-performing Food Lion grocery store, which has recently experienced a 20% increase in sales. This strong anchor tenant contributes to significant foot traffic and a thriving retail environment. The property features ample parking to comfortably accommodate all shoppers and has recently undergone improvements including the installation of new parking lot lighting. For businesses seeking expansion, a 4,800 square foot build-to-suit end cap space is available for development. Centralia Crossing enjoys a convenient location with close proximity to Route 288 on Chester Road, ensuring excellent visibility and accessibility for customers. This is a prime opportunity for businesses seeking a well-established location in a high-traffic area with a proven track record of success. The available spaces offer flexibility for a variety of retail uses, making this an attractive investment for both established businesses and new ventures.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $3,420,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $3,755,000
- 6.5%
- $4,150,000
- 7%
- $3,725,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $3,370,000
- Geo Method
- $3,750,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $4,175,000
- Retail
- $3,875,000
- Mixed-Use
- $4,305,000
- Hospitality
- $3,345,000
- Educational
- $3,500,000
- Residential Income
- $3,650,000
- Energy
- $4,570,000
- Income-Based Land
- $4,325,000
- Food Service
- $4,530,000
Location Insight
- Map
- Local Demand
- City
- Chester
- County
- Chesterfield
- State
- Virginia
- Longitude
- -77.4508
- Latitude
- 37.3844
- CBSA code
- 40060
- CBSA name
- RICHMOND, VA METROPOLITAN STATISTICAL AREA
