9801 Chester RdChester, VA 23831
- Specialty properties
- 7,023 SF
Property Details for 9801 Chester Rd
- Year built
- 1991
- Lot size
- 6.58 AC
- Property size (Sq ft)
- 7,023 SF
- Zone code
- C3 - COMMUNITY BUS DIST
- Property type
- Specialty properties
- Property subtype
- Other shopping centers
- 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.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $1,915,417
- 6.5%
- $1,768,077
- 7%
- $1,641,786
-
Comparable approach
- Method
- Valuation
- Relative Method
- $1,986,258
- Geo Method
- $2,955,736
-
Alternative Use
- Use
- Valuation
- Residential
- $1,491,439
- Hospitality
- $1,366,150
- Educational
- $1,136,621
- Medical
- $1,175,711
- Retail
- $1,768,077
Location Insight
- City
- Chester
- County
- Chesterfield
- State
- Virginia
- Latitude
- 37.3844
- Longitude
- -77.4508
- CBSA code
- 40060
- CBSA name
- RICHMOND, VA METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
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