6569 Market DrGloucester, VA 23061

Property Details for 6569 Market Dr

Year built

1994

Lot size

5.66 AC

Property size (Sq ft)

57,180 SF

Zone code

B-1

Property type

Retail properties

Property subtype

Outlet malls

APN

28347

APU

28347

Description

The Shoppes at Gloucester, located at 6569 Market Dr, Gloucester, VA 23061, presents a prime retail leasing opportunity. This established commercial center boasts a total of 74,774 square feet across a single building, situated on an expansive 18-acre lot. Currently, there is one available suite totaling 6,030 square feet, ideal for a variety of retail businesses. The property offers excellent visibility and accessibility, complemented by a substantial 391-space parking lot, ensuring ample convenience for customers. The center is located in Gloucester County, Virginia, providing access to a thriving local market. This is a unique chance to secure a well-positioned retail space within a well-established shopping center, offering significant potential for growth and success. The property's size and parking capacity make it suitable for a range of retail concepts, from larger format stores to smaller boutiques. The location within Gloucester County provides access to a strong local customer base and offers excellent visibility from Market Drive. The 6,030 square foot space is ready for immediate occupancy, presenting an immediate opportunity for a business to establish a presence in this desirable location. Interested parties are encouraged to inquire further to explore this exceptional retail leasing opportunity.

• CAP approach

  CAP return

  Valuation

  6%

  $17,749,562

  6.5%

  $16,384,212

  7%

  $15,213,911

• Comparable approach

  Method

  Valuation

  Relative Method

  $18,463,184

  Geo Method

  $24,065,072

• Alternative Use

  Use

  Valuation

  Residential

  $13,820,696

  Hospitality

  $12,659,683

  Educational

  $10,532,708

  Medical

  $10,894,944

  Retail

  $16,384,212

Location Insight

City

Gloucester

County

Gloucester

State

Virginia

Latitude

37.3929

Longitude

-76.5263

CBSA code

47260

CBSA name

VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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].