303 Queen St - Retail FOR SALE


Tappahannock, VA 22560
$1,600,000 USD
757-585-2959
303 Queen St, Tappahannock, VA for Sale
$1,600,000 USD
Retail - FOR SALE
1/8
null | 6.49% Cap Rate

303 Queen St
Tappahannock, VA 22560


HIGHLIGHTS

  • 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
  • Excellent downtown location with strong visibility and local character
  • Drive-in basement leased to a machine shop

OVERVIEW

Coldwell Banker Commercial Brooks Real Estate is exclusively offering a stabilized, income-producing 14,000± SF multi-tenant mixed-use asset in the core of Downtown Tappahannock—a proven location with limited comparable inventory. This three-level, fully leased building generates diversified income from a drive-in basement leased to a long-standing local machine shop, main-level retail tenants, and third-floor office users, providing multiple revenue streams and reduced tenant concentration risk. The retail lineup is anchored by NN Burger, a dominant regional draw and repeat Virginia’s Best Burger award winner, driving consistent foot traffic and brand recognition. Additional tenants—including Fitz Cabinetry, Chesapeake Governor’s School, and For His Glory Ministries—deliver stable tenancy backed by strong local and institutional demand. The property is well maintained with no deferred maintenance and offers immediate cash flow with embedded value-add upside through future rent optimization as leases roll to market. High-visibility murals and a prime downtown position enhance curb appeal, tenant retention, and long-term demand. Located in the historic downtown corridor of Tappahannock, 303 Queen Street benefits from pedestrian traffic, destination retail, and sustained community investment, positioning this asset for durable cash flow today and NOI growth tomorrow. Drone video link below.

FOR SALE DETAILS

PRICE

$1,600,000 USD

PRICE/SF

$114 USD /SF

CAP RATE

6.49%

% 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.