303 Queen St - Retail FOR SALE


Tappahannock, VA 22560
$1,450,000 USD
757-585-2959
303 Queen St, Tappahannock, VA for Sale
$1,450,000 USD
Retail - FOR SALE
1/8
null | 8.13% Cap Rate

303 Queen St
Tappahannock, VA 22560


HIGHLIGHTS

  • Price Reduction!
  • Multi-Tenant, 14,000± SF mixed-use building – retail, office, and industrial components
  • NN Burger – award-winning restaurant and anchor tenant
  • 100% occupied with long-term tenants and reliable cash flow
  • Drive-in basement leased to a machine shop
  • Excellent downtown location with strong visibility and local character

OVERVIEW

Coldwell Banker Commercial Brooks Real Estate is pleased to offer an income-stabilized, 14,000± SF multi-tenant mixed-use property in the heart of Downtown Tappahannock—a proven location with limited comparable inventory. Price recently reduced by $150,000. Three-Level, Fully Leased: Drive-in basement for a long-standing machine shop, main-level retail tenants, and third-floor offices provide diversified income and reduced tenant concentration risk. Anchor Tenant: NN Burger, a regional draw and repeat Virginia’s Best Burger winner, ensures consistent foot traffic and strong brand recognition. Additional Tenants: Fitz Cabinetry, Chesapeake Governor’s School, and For His Glory Ministries deliver stable tenancy backed by local and institutional demand. Well-Maintained & Cash Flow Positive: No deferred maintenance, immediate income, with embedded value-add potential through future rent optimization. Prime Downtown Exposure: High-visibility murals, historic downtown location, pedestrian traffic, and destination retail enhance curb appeal, tenant retention, and long-term demand. 303 Queen Street offers durable cash flow today and upside for NOI growth tomorrow. Drone video link below.

FOR SALE DETAILS

PRICE

$1,450,000 USD

PRICE/SF

$104 USD /SF

CAP RATE

8.13%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

ADD'L SUBTYPES

undefined, Restaurant, Service

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1965

SPRINKLERS

-

PARKING SPACES

25

LAND DETAILS

LAND ACRES

0.92 AC

LAND SF

40,075 SF

ZONING

CG-2

APN/PARCEL ID

32B-14-L-1

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.