17272 Kings Hwy - Retail FOR SALE


Montross, VA 22520
$1,200,000 USD
757-585-2959
17272 Kings Hwy, Montross, VA for Sale
$1,200,000 USD
Retail - FOR SALE
1/11
null | Request Cap Rate

17272 Kings Hwy
Montross, VA 22520


HIGHLIGHTS

  • 100% Leased with Immediate Upside – Current average rents of $8.88/SF are well below the market rate of $13/SF, offering strong value-add potential.
  • Additional Income Stream – Includes a 3,500 SF rear building leased to a long-term machine shop tenant.
  • Prime Location – Positioned on Kings Highway in Montross, VA, the historic Northern Neck and county seat of Westmoreland County.

OVERVIEW

Coldwell Banker Commercial Brooks Real Estate is exclusively offering a stabilized retail asset with immediate value-add upside. This 100% leased center is currently operating at an average rent of just $8.88/SF—over 30% below prevailing market rents of approximately $13/SF, creating a clear and executable path to rapid NOI growth through mark-to-market rent increases upon lease rollover. The property also includes a separate 3,500 SF rear building leased to a long-term machine shop tenant, adding diversified income and durability to the rent roll. Strategically positioned with strong visibility and frontage on Kings Highway in Montross, VA, the county seat of Westmoreland County and a key hub in the Northern Neck, this asset benefits from consistent local demand and limited competing inventory. This offering delivers in-place cash flow today with built-in upside tomorrow, making it an ideal acquisition for investors seeking yield compression, NOI expansion, and long-term appreciation. Drone video link below.

FOR SALE DETAILS

PRICE

$1,200,000 USD

PRICE/SF

$109 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

East End Plaza

PROPERTY TYPE

Retail

ADD'L SUBTYPES

undefined, Storefront Retail/Office, Service

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1989

SPRINKLERS

-

PARKING SPACES

30

LAND DETAILS

LAND ACRES

1.2 AC

LAND SF

52,272 SF

ZONING

B-2

APN/PARCEL ID

34A3-2-13,34A3-2-14

ASK ABOUT THIS PROPERTY

David BurksColdwell Banker Commercial Brooks Real EstateMore Info
757-585-2959

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David BurksColdwell Banker Commercial Brooks Real EstateMore Info
757-585-2959

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