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469 N Main St
Kilmarnock, VA 22482
Retail Property For Sale


INVESTMENT HIGHLIGHTS
- Flexible C-1 zoning supports multiple commercial uses
- Strong local demographics
- 4.188-acre site with existing retail improvements
EXECUTIVE SUMMARY
Positioned in the heart of Kilmarnock’s vibrant commercial corridor, this 4.188-acre property offers a rare combination of retail space and land with flexible C-1 zoning, ideal for a variety of uses. The site features 9,675 SF of existing retail improvements, creating immediate income potential while leaving ample room for future development or expansion. Located along North Main Street with visibility to 12,000 vehicles per day, the property ensures strong exposure and accessibility for both local and regional traffic.
Kilmarnock, nestled in Lancaster County, is a growing destination with a high average household income exceeding $116,000 within a 3-mile radius, signaling strong consumer purchasing power. Surrounding amenities include established retailers, dining options, and essential services, making this location a prime choice for investors seeking stability and growth. The property’s generous acreage provides flexibility for redevelopment, pad site opportunities, or mixed-use concepts, supported by favorable zoning regulations.
This investment opportunity combines strategic positioning, demographic strength, and versatile land use potential, making it an exceptional acquisition for developers, retailers, or investors looking to capitalize on the region’s economic vitality.
Kilmarnock, nestled in Lancaster County, is a growing destination with a high average household income exceeding $116,000 within a 3-mile radius, signaling strong consumer purchasing power. Surrounding amenities include established retailers, dining options, and essential services, making this location a prime choice for investors seeking stability and growth. The property’s generous acreage provides flexibility for redevelopment, pad site opportunities, or mixed-use concepts, supported by favorable zoning regulations.
This investment opportunity combines strategic positioning, demographic strength, and versatile land use potential, making it an exceptional acquisition for developers, retailers, or investors looking to capitalize on the region’s economic vitality.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Building Size
9,675 SF
Building Class
B
Year Built
1971
Price
$2,975,000
Price Per SF
$307.49
Percent Leased
100%
Building Height
1 Story
Building FAR
0.05
Lot Size
4.63 AC
Opportunity Zone
Yes
Zoning
C1
AMENITIES
- Air Conditioning
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $506,400 | |
| Land Assessment | $1,239,100 | Total Assessment | $1,745,500 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$1,239,100
Improvements Assessment
$506,400
Total Assessment
$1,745,500
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