2000 2nd St - Freestanding FOR SALE


Richlands, VA 24641
$2,500,000 USD
954-902-5257
2000 2nd St, Richlands, VA for Sale
$2,500,000 USD
Freestanding - FOR SALE
1/5
null | 8.04% Cap Rate

2000 2nd St
Richlands, VA 24641


HIGHLIGHTS

  • Anchored by Advance Auto Parts, the center features a strong mix of national and local tenants, providing stable and diversified income.
  • Two current vacancies offer a clear value-add opportunity through lease-up, allowing an investor to increase NOI and drive overall property value.
  • Strategically located in the heart of Richlands, VA, the property sits along the town’s main retail corridor.
  • Offered at an attractive basis below replacement cost, presenting investors with a compelling entry point at approximately $66.14 PSF.
  • Top-performing Advance Auto Parts location, ranking in the 78th percentile nationwide and 62nd percentile within Virginia (Placer.ai).

OVERVIEW

Sands Investment Group is pleased to exclusively offer for sale the 37,800 SF Richlands Towne Center located at 2000 - 2010 2nd Street in Richlands, VA. This retail center presents a compelling investment opportunity with two current vacancies, offering clear value-add potential through lease-up. By stabilizing the remaining space, an investor has the ability to increase NOI and enhance overall property value, making this an attractive opportunity for investors seeking both immediate income and future upside through strategic leasing. In Cooperation With Sands Investment Group, Inc - Lic. ##0226037527 BoR: Tom Gorman - Lic. VA #0225269275

FOR SALE DETAILS

PRICE

$2,500,000 USD

PRICE/SF

$66 USD /SF

CAP RATE

8.04%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Richlands Towne Center - Richlands, VA

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Storefront, Department Store

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1980

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

3.63 AC

LAND SF

158,276 SF

ZONING

-

APN/PARCEL ID

105A5A-0016

ASK ABOUT THIS PROPERTY

Jack LevineSands Investment GroupMore Info
954-902-5257

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Jack LevineSands Investment GroupMore Info
954-902-5257

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