796 Southpark BlvdColonial Heights, VA 23834

Property Details for 796 Southpark Blvd

Year built

2005

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.77 AC

Property size (Sq ft)

4,866 SF

Zone code

B3

Property type

Turn key restaurants

APN

68204900009

APU

68204900009

Description

This exceptional 4,863-square-foot free-standing retail building is available for lease at 796 Southpark Boulevard in Colonial Heights, Virginia. Located in Colonial Heights City County, zip code 23834, this single-tenant property presents a unique opportunity for businesses seeking a prominent location. The entire building is currently vacant, offering a blank canvas for a new tenant to customize the space to their specific needs. The property's size and layout provide ample room for a variety of retail uses. Its strategic location offers excellent visibility and accessibility, ensuring high foot traffic and convenient access for customers. The address, 796 Southpark Boulevard, is easily identifiable and memorable, contributing to strong brand recognition. This property is ideal for businesses seeking a high-profile location in a thriving community. The building's single-tenant occupancy ensures complete control and flexibility for the lessee. With its substantial square footage and prime location, this retail space represents a significant opportunity for growth and success. Interested parties are encouraged to inquire further to explore the possibilities this property offers. The property is situated at latitude 37.2494496 and longitude -77.3904302. This is a fantastic opportunity to establish a strong retail presence in a desirable area of Colonial Heights.

• CAP approach

  CAP return

  Valuation

  6%

  $1,327,128

  6.5%

  $1,225,041

  7%

  $1,137,538

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,376,212

  Geo Method

  $2,047,930

• Alternative Use

  Use

  Valuation

  Residential

  $1,033,368

  Hospitality

  $946,560

  Educational

  $787,526

  Medical

  $814,611

  Retail

  $1,225,041

Location Insight

City

Colonial Heights

County

Colonial Heights City

State

Virginia

Latitude

37.2494

Longitude

-77.3902

CBSA code

40060

CBSA name

RICHMOND, VA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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