In Cooperation With Lender: Income producing shopping center on busy route 17 in Gloucester Point, Virginia!
Current rental income with upside potential
High traffic location on the busy US Route-17 highway
Near historic attractions, park and waterfront resort areas
Well located 1.5 miles north of Yorktown
The shopping center is located in the Gloucester Point area of Gloucester County, Virginia, situated along the route-17 corridor just north of Yorktown across the Coleman Bridge, and just south of the Village of Gloucester. Points of interest include historic Yorktown, which includes the Colonial National Historic Parkway, Yorktown Victory Monument, Colonial National Historical Park Archaeology, Yorktown Beach, and other local attractions. Gloucester has been dubbed an exurban locality in the Hampton Roads market. The Gloucester, Deltaville and Yorktown waterfront areas are a frequent weekend and summer vacation destination for Richmonders and Washingtonians.
The shopping center is approximately 38,000 sq.ft. consisting of 18 units with a variety of tenants comprising various retail and service oriented businesses. The gross potential income for the center is $400,000+/- with a current annual generated income of $137,700. The shopping center holds a premier anchor tenant in West Marine, which has been at this current location since 2005. The 4 curb cuts provide ample access and exposure. Thousands of cars drive by the shopping center upon entering and leaving Gloucester Point.
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From the East (Hampton Roads), take I-264 West to Norfolk Virginia Beach Expressway and I-64 Expressway to Newport News for 37.8 Miles. Take Exit 258B to merge on US-17 N/J Clyde Morris BLVD toward US-17 N/Yorktown. Follow US 17 N to your destination for 13.1 Miles at the Gloucester Point Shopping Center.
Approximately 1.2 miles from the George P. Coleman Memorial Bridge to the shopping center.
From the West (Richmond), travel on I-64 East to VA-143 E Roberts. Take exit 247 from I-64 East. Merge onto I-64 East for 55.3 Miles. Take exit 247 for VA-143 toward VA238 Yorktown/Lee Hall for 0.3 Miles. Take VA 238-E and US 17-North to the Gloucester Point Shopping Center for 8.2 Miles.