9801 Chester RdChester, VA 23831

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

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.

• 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

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