230 Southpark CirColonial Heights, VA 23834

Property Details for 230 Southpark Cir

Year built

1989

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

18.96 AC

Property size (Sq ft)

188,368 SF

Zone code

B1

Property type

Retail properties

Property subtype

Super regional malls

APN

68054700016

APU

68054700016

Description

This exceptional retail opportunity is located within Southpark Mall, a dominant shopping and entertainment destination serving Colonial Heights, Petersburg, Hopewell, and surrounding Virginia counties. The 672,902 square foot shopping center, situated on a 38-acre lot at 230 Southpark Circle, Colonial Heights, VA 23834, boasts a prime location and strong anchor tenants including Macy's, DICK'S Sporting Goods, and a 16-screen Regal Theatre. Built in 1989 and renovated in 2007, the property offers ample parking with 3,518 spaces. Currently, there are three available retail spaces ranging in size from 1,164 square feet to 5,080 square feet, perfect for a variety of retail businesses seeking high visibility and foot traffic. The property's strategic location within a thriving community ensures consistent customer flow and significant growth potential. This is a unique chance to establish a presence in a well-established and highly successful shopping center in Colonial Heights County, Virginia. The property is classified as a multi-tenant shopping center. Contact us today to learn more about these exceptional retail spaces and secure your place in this vibrant commercial hub.

• CAP approach

  CAP return

  Valuation

  6%

  $51,374,516

  6.5%

  $47,422,632

  7%

  $44,035,300

• Comparable approach

  Method

  Valuation

  Relative Method

  $53,274,604

  Geo Method

  $79,277,536

• Alternative Use

  Use

  Valuation

  Residential

  $40,002,764

  Hospitality

  $36,642,316

  Educational

  $30,485,978

  Medical

  $31,534,438

  Retail

  $47,422,632

Location Insight

City

Colonial Heights

County

Colonial Heights City

State

Virginia

Latitude

37.256

Longitude

-77.3935

CBSA code

40060

CBSA name

RICHMOND, VA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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