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$1 Auction – Former BB&T Bank | 3 Drive-Thru 16498 General Puller Hwy 3,513 SF Retail Building Deltaville, VA 23043 $146,572 CAD ($41.72 CAD/SF)
INVESTMENT HIGHLIGHTS
- ABSOLUTE $1 AUCTION | Former BB&T Bank | 3 Drive-Thru Lanes | AUCTION DECEMBER 8-10
- Strategic Frontage and Visibility on General Puller Highway with Traffic Counts of 5,227 VPD
- Surrounding Traffic Generators: Hometown Foods IGA, 7 Eleven, West Marine, Exxon, Local Restaurants, and more
- Freestanding Former BB&T Bank on 2.477 Acre Site with 3 Drive-Thru Lanes
- Affluent Demographics with $94,594 Average Household Income and ±19,501 People within a 10-Mile Radius
- 8% Population Growth from 2020-2024 and 4% Growth Projected from 2024-2029 (5-mile radius)
EXECUTIVE SUMMARY
Marcus & Millichap is pleased to present a vacant, free-standing, former BB&T Bank located at 16498 General Puller Highway, Deltaville, VA 23043 (the “Property”). The Property improvements consist of approximately 3,513 square feet, single-story building with three drive-thru lanes. The Property is currently vacant and was previously owner-occupied by Truist Bank (BB&T). The Property offers potential owner users/investors the ability to acquire a free-standing retail bank building with significant value add through lease up at long term market rates (CoStar estimated retail rents of $10-12/SF NNN). The Property is strategically positioned on a ±2.477-acre (±107,898 SF) parcel and offers 28 surface parking spaces and is easily accessible via two points of ingress/egress along General Puller Highway with traffic counts of 5,227 vehicles per day. The Property is Zoned GB, General Business District, which offers favorable flexible zoning allowing for a variety of commercial and retail uses via adaptive reuse or repositioning.
Deltaville, Virginia is located in Middlesex County on Virginia’s Middle Peninsula, nestled between the Rappahannock and Piankatank Rivers and opening onto the Chesapeake Bay—offering developers strong waterfront presence and corridor exposure. The economy is anchored by marine services and tourism, with more than 25 marinas, historic boat-building infrastructure, and a vibrant seasonal visitor base supporting hospitality, retail, and recreation-oriented demand. The Property sits in a strong commercial corridor surrounded by traffic drivers and amenities such as Hometown Foods IGA, 7 Eleven, West Marine, Exxon, and many more. The Property is located within a dense trade area of ±6,014 residents with an average household income (AHHI) of ±$89,654 within 5-miles and ±19,501 residents with an AHHI of $94,594 within 10-miles, reinforcing the site’s lasting appeal for both investors and owner/users. The 5-mile trade area is also experiencing notable population growth, with increases of approximately 8.05% growth from 2020-2024 with 4.01% growth expected to continue through 2029, further strengthening long-term demand fundamentals.
Deltaville, Virginia is located in Middlesex County on Virginia’s Middle Peninsula, nestled between the Rappahannock and Piankatank Rivers and opening onto the Chesapeake Bay—offering developers strong waterfront presence and corridor exposure. The economy is anchored by marine services and tourism, with more than 25 marinas, historic boat-building infrastructure, and a vibrant seasonal visitor base supporting hospitality, retail, and recreation-oriented demand. The Property sits in a strong commercial corridor surrounded by traffic drivers and amenities such as Hometown Foods IGA, 7 Eleven, West Marine, Exxon, and many more. The Property is located within a dense trade area of ±6,014 residents with an average household income (AHHI) of ±$89,654 within 5-miles and ±19,501 residents with an AHHI of $94,594 within 10-miles, reinforcing the site’s lasting appeal for both investors and owner/users. The 5-mile trade area is also experiencing notable population growth, with increases of approximately 8.05% growth from 2020-2024 with 4.01% growth expected to continue through 2029, further strengthening long-term demand fundamentals.
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Bank
Building Size
3,513 SF
Building Class
B
Year Built
1988
Price
$146,572 CAD
Price Per SF
$41.72 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.03
Lot Size
2.48 AC
Zoning
GB - General Business
Parking
28 Spaces (7.97 Spaces per 1,000 SF Leased)
AMENITIES
- 24 Hour Access
- Security System
- Air Conditioning
PROPERTY TAXES
| Parcel Number | 40-92-4 | Improvements Assessment | $657,808 CAD |
| Land Assessment | $125,156 CAD | Total Assessment | $782,964 CAD |
PROPERTY TAXES
Parcel Number
40-92-4
Land Assessment
$125,156 CAD
Improvements Assessment
$657,808 CAD
Total Assessment
$782,964 CAD
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$1 Auction – Former BB&T Bank | 3 Drive-Thru | 16498 General Puller Hwy
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