9801 Chester RdChester, VA 23831

  • Specialty properties
  • 7,023 SF
For Lease

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
9801 Chester Rd, Chester, Virginia

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

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2024
$30,734
$885,400
$2,298,900
$3,184,300
-
$885,400
$2,298,900
$3,184,300

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