10290 John Clayton Memorial HwyGloucester, VA 23061
- Retail properties
- 1,068 SF
Property Details for 10290 John Clayton Memorial Hwy
- Year built
- 1920
- Lot size
- 0.74 AC
- Property size (Sq ft)
- 1,068 SF
- Zone code
- B-1
- Property type
- Retail properties
- Property subtype
- Grocery and convenience stores
- APN
- 23870
- APU
- 23870
Description
This exceptional retail opportunity in Gloucester, Virginia, presents a 1,068-square-foot vacant building situated on a high-traffic corner lot. The property, encompassing 2.33 acres (comprised of two parcels: 020-32A & 020-32B), offers significant visibility and accessibility from John Clayton Memorial Highway (10290). Built in 1920, the single-story structure, zoned B-1, presents a unique blend of historical charm and modern potential. The property features eleven paved off-street parking spaces and boasts a well-maintained septic system installed in 2002. Its adaptable nature makes it suitable for a variety of retail uses, including auto shops, convenience stores, and storefronts. The asking price is $299,000. This property's strategic location, ample space, and high traffic volume make it an ideal investment for owner-occupants, developers, or investors seeking a strong return. The property's history as a post office adds to its unique character and potential for adaptive reuse. This is a rare opportunity to acquire a prominent retail space in a thriving community.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $331,524
- 6.5%
- $306,022
- 7%
- $284,163
-
Comparable approach
- Method
- Valuation
- Relative Method
- $344,853
- Geo Method
- $449,484
-
Alternative Use
- Use
- Valuation
- Residential
- $258,141
- Hospitality
- $236,456
- Educational
- $196,728
- Medical
- $203,494
- Retail
- $306,022
Location Insight
- City
- Gloucester
- County
- Gloucester
- State
- Virginia
- Latitude
- 37.4668
- Longitude
- -76.4556
- CBSA code
- 47260
- CBSA name
- VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
- How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
- Please email our support team at [email protected] and they will add the team member.
- How do I access a private listing?
- Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
- How can I contact the broker?
- We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
- How do I unsubscribe from emails?
- At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].