4068-4102 Lankford Hwy - Storefront Retail/Office FOR SALE


Exmore, VA 23350
$3,500,000 USD
703-856-7772
4068-4102 Lankford Hwy, Exmore, VA for Sale
$3,500,000 USD
Storefront Retail/Office - FOR SALE
1/12
null | 2.95% Cap Rate

4068-4102 Lankford Hwy
Exmore, VA 23350


HIGHLIGHTS

  • This well located center has a captive audience of shoppers as it is strategically located at the center of the VA Eastern Shore of the Delmarva Pen.
  • Near major retailers, schools and medical communities
  • Corner property at a traffic signal
  • Main access on Lankford Highway
  • Split face block and brick construction

OVERVIEW

We are excited to present Shore Plaza Shopping Center, a prime investment opportunity located in the heart of Exmore, Virginia. This well-situated retail center offers a unique chance for investors to acquire a property in a growing community with strong economic fundamentals. With its competitive pricing and strategic location, Shore Plaza is poised for attractive returns. Property Type: Retail Shopping Center Anchor Tenants: Includes a diverse mix of local and regional retailers, contributing to a stable income stream. Accessibility: Main access on Lankford Highway with traffic signals improving visibility and traffic flow. Two points of ingress/egress facilitate easy access for customers. Trade Area: Situated within a trade area serving approximately 47,000 residents, offering a robust customer base. Shore Plaza is strategically located at the center of the Virginia Eastern Shore, a region known for its recreational opportunities and growing population. Proximity to Major Retailers: Nearby national and local retailers attract a steady flow of customers. Community Amenities: Close to schools, healthcare facilities, and essential services. Demographics: Exmore has a population of approximately 1,500 residents, serving as an important commercial and transportation hub within Northampton County. Exmore has a rich history and vibrant community, boasting over 150 businesses and services. As the largest town in Northampton County and ranked as the 117th largest municipality in Virginia, Exmore is well-positioned for future development and economic expansion. Growth Trends: The Eastern Shore has continuous growth, resulting from visitors and new residents seeking the area’s natural beauty and recreational activities. Market Characteristics: With a diverse mix of businesses and services, Exmore supports a thriving local economy that attracts consumers. Shore Plaza Shopping Center offers investors an excellent opportunity to acquire a well-located retail property in a growing market. The strategic positioning, strong tenant mix, and favorable demographics make this shopping center an attractive investment. This offering presents a unique chance to invest in Shore Plaza Shopping Center, a property with significant upside potential in a vibrant community. For further information, financial details, or to arrange a property tour, please contact us at your earliest convenience. Your investment in Shore Plaza could be the next step toward securing a prosperous future in retail real estate.

FOR SALE DETAILS

PRICE

$3,500,000 USD

PRICE/SF

$27 USD /SF

CAP RATE

2.95%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Shore Plaza Shopping Center

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Office

ADD'L SUBTYPES

Storefront, Manufacturing, Department Store

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1994

SPRINKLERS

-

PARKING SPACES

706

LAND DETAILS

LAND ACRES

21.5 AC

LAND SF

936,540 SF

ZONING

GC

APN/PARCEL ID

10D-1-1,10D-1-2,10D-1-3,10D-1-8A

ASK ABOUT THIS PROPERTY

Steven ChristacosShore Plaza Shopping Center, LLCMore Info
703-856-7772

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Steven ChristacosShore Plaza Shopping Center, LLCMore Info
703-856-7772

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