17272 Kings Hwy - Storefront FOR SALE


Montross, VA 22520
$1,050,000 USD
757-208-4449
17272 Kings Hwy, Montross, VA for Sale
$1,050,000 USD
Storefront - FOR SALE
1/13
null | 7.07% Cap Rate

17272 Kings Hwy
Montross, VA 22520


HIGHLIGHTS

  • 100% Leased Investment – Established tenants provide immediate in-place cash flow.
  • Significant Rent Upside – Average rents of approximately $8.88/SF remain well below the estimated $13/SF market level.
  • Value-Add Potential – Opportunity to grow NOI through future mark-to-market rent increases as leases renew.
  • Additional Income Stream – Separate 3,500 SF rear building is leased to a long-term machine shop tenant.
  • Positioned in the Northern Neck for unrivaled access to the coastal charm of Kilmarnock, Irvington, White Stone, Lancaster, and Westmoreland Counties.

OVERVIEW

Fully leased and producing income today, East End Plaza offers investors a compelling combination of stable cash flow and future upside. Current average rents are approximately $8.88/SF compared with an estimated market rent of approximately $13/SF, creating an opportunity to increase NOI as leases renew and rents move toward market. The property includes 7,500 SF of multi-tenant retail space plus a separate 3,500 SF rear building occupied by a long-term machine shop tenant, providing an additional and diversified income stream. Located directly on Kings Highway in Montross, the county seat of Westmoreland County, the property benefits from strong visibility and a central location within Virginia's Northern Neck. This is an opportunity to acquire a 100% occupied investment with established income today and meaningful value-add potential for the future.

FOR SALE DETAILS

PRICE

$1,050,000 USD

PRICE/SF

$145 USD /SF

CAP RATE

7.07%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

East End Plaza

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

ADD'L SUBTYPES

Storefront Retail/Office, Service

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1989

SPRINKLERS

-

PARKING SPACES

30

LAND DETAILS

LAND ACRES

1 AC

LAND SF

43,560 SF

ZONING

B-2

APN/PARCEL ID

34A3-2-14

ASK ABOUT THIS PROPERTY

David BurksColdwell Banker Commercial Brooks Real EstateMore Info
757-208-4449

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David BurksColdwell Banker Commercial Brooks Real EstateMore Info
757-208-4449

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