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Colonial Plaza Shopping Center 501-535 Euclid Ave 56,208 SF 69% Leased Retail Building Colonial Beach, VA 22443 For Sale
Investment Highlights
- Colonial Plaza Shopping Center presents the opportunity for an investor to acquire a 69% leased neighborhood retail center with strong anchor tenants
- Positioned in the heart of Colonial Beach, VA and adjacent to Colonial Beach High School and Elementary Schools
- Existing tenancy is anchored by Ace Hardware and Dollar General which drive traffic to the center and provide a strong foundation for leasing
- Colonial Beach, VA is located 20 miles east of Fredericksburg, VA and 40 miles south of Washington, DC on the shores of the Potomac
Executive Summary
69% Leased Value-Add Center Anchored by Ace Hardware & Dollar General – Stabilized NOI $476,932
Property Facts
Sale Type
Investment
Property Type
Retail
Building Size
56,208 SF
Building Class
B
Year Built/Renovated
1969/2007
NOI
$276,989
Percent Leased
69%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.29
Lot Size
4.43 AC
Zoning
C-1 - Commercial
Parking
238 Spaces (4.23 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Restaurant
- Signage
- Air Conditioning
Fairly walkable
40/100
Exceptionally drivable
100/100
Fairly bikeable
50/100
Nearby Major Retailers
1 of 6
Videos
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Colonial Plaza Shopping Center | 501-535 Euclid Ave
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