175-201 Old Courthouse Rd - Retail FOR SALE


Appomattox, VA 24522
$3,200,000 USD
434-249-4717
175-201 Old Courthouse Rd, Appomattox, VA for Sale
$3,200,000 USD
Retail - FOR SALE
1/4
null | 3.17% Cap Rate

175-201 Old Courthouse Rd
Appomattox, VA 24522


HIGHLIGHTS

  • Roadside pylon sign for increased exposure
  • Prime Location
  • Over 16,000 vehicles pass daily
  • High Visibility
  • 9.65 acres (8.535 acres with retail building + 1.115 acres undeveloped)

OVERVIEW

This offering consists of two tax parcels: An 8.535-acre parcel including a retail building of 79,000 SF, a second undeveloped parcel, which is 1.115 acres in total, 9.65 acres.  The building is approximately 95% occupied by various tenants who have historically renewed their multi-year lease terms. This creates the opportunity to re-tenant or convert these gross leases to standard market leases. Converting Gross Leases to NNN, from useable square feet to rentable square feet, with longer lease terms. The property is at the corner of the four-way intersection on Oakville Road and Old Courthouse Road. It has a roadside pylon sign. The property is zoned B2, which permits all commercial uses that benefit the neighborhood except for industrial. 16,000+ vehicles pass this location each day.

FOR SALE DETAILS

PRICE

$3,200,000 USD

PRICE/SF

$41 USD /SF

CAP RATE

3.17%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Triangle Shopping Center

PROPERTY TYPE

Retail

ADD'L SUBTYPES

Convenience Store, Drug Store, Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1970

SPRINKLERS

-

PARKING SPACES

420

LAND DETAILS

LAND ACRES

11 AC

LAND SF

479,160 SF

ZONING

B2

APN/PARCEL ID

64A2( A) 31

ASK ABOUT THIS PROPERTY

George HuffmanKeller Williams - LynchburgMore Info
434-249-4717

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George HuffmanKeller Williams - LynchburgMore Info
434-249-4717

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.