4001 College AveBluefield, VA 24605

Property Details for 4001 College Ave

Year built

2005

Lot size

28.58 AC

Property size (Sq ft)

227,041 SF

Property type

Retail properties

Property subtype

Outlet malls

APN

025 A 0049

APU

025A0049

Description

Ridgeview Plaza, located at 4001 College Ave, Bluefield, VA 24605, presents a prime retail investment opportunity. This 87,970 square foot shopping center, built in 2001, boasts a strong tenant lineup including a Walmart Supercenter shadow anchor. The center enjoys excellent visibility from Highway 460, a major east-west thoroughfare with over 14,000 vehicles daily. A signalized main entrance ensures easy access for customers. The property offers multiple tenancies, with a minimum divisible space of 1,498 square feet. Current tenants include Bealls, Dollar Tree, Med Express Urgent Care, Cato, Rent-A-Center, Verizon, GameStop, and Sally Beauty Supply. The ample parking provides a 5.45 spaces per 1,000 square feet ratio. Situated in Tazewell County, this center benefits from its strategic location and strong tenant mix, making it an attractive option for investors seeking a stable and high-traffic retail property. The property is classified as a commercial retail shopping center.

• CAP approach

  CAP return

  Valuation

  6%

  $36,616,324

  6.5%

  $33,799,684

  7%

  $31,385,420

• Comparable approach

  Method

  Valuation

  Relative Method

  $72,623,840

  Geo Method

  $96,886,752

• Alternative Use

  Use

  Valuation

  Residential

  $28,511,296

  Hospitality

  $26,116,194

  Educational

  $21,728,368

  Medical

  $22,475,640

  Retail

  $33,799,684

Location Insight

City

Bluefield

County

Tazewell

State

Virginia

Latitude

37.2384

Longitude

-81.255

CBSA code

14140

CBSA name

BLUEFIELD, WV-VA MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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