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2808 Virginia Ave – High-Vis Flex/Retail 2808 Virginia Ave 5,952 SF Retail Building Collinsville, VA 24078 $468,969 CAD ($78.79 CAD/SF)
INVESTMENT HIGHLIGHTS
- 130' frontage on US-220 Bus (˜19 K VPD)
- B-1 zoning – retail/office/service
- Pro-forma $4 K/mo NNN = 11-13 % cap
- $57/SF low basis
- Paved parking + rear delivery door
EXECUTIVE SUMMARY
±5,952 SF block building on Virginia Ave/US-220 Business. Versatile B-1 zoning allows retail, office, trades, or light flex. Clear-span 11' interior, rear roll-up access, 130' of frontage, paved parking. Vacant—lease at $8–$10/SF NNN for 11–13 % cap. Taxes approximate; currently part of three-parcel assessment—will be reassessed post-closing. Buyer to verify all projections.
FINANCIAL SUMMARY (PRO FORMA - 2025) |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
$66,403
|
$11.16
|
| Other Income |
-
|
-
|
| Vacancy Loss |
$3,320
|
$0.56
|
| Effective Gross Income |
$63,083
|
$10.60
|
| Taxes |
$1,729
|
$0.29
|
| Operating Expenses |
$7,166
|
$1.20
|
| Total Expenses |
$8,895
|
$1.49
|
| Net Operating Income |
$54,187
|
$9.10
|
FINANCIAL SUMMARY (PRO FORMA - 2025)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $66,403 |
| Annual Per SF | $11.16 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $3,320 |
| Annual Per SF | $0.56 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $63,083 |
| Annual Per SF | $10.60 |
| Taxes (CAD) | |
|---|---|
| Annual | $1,729 |
| Annual Per SF | $0.29 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $7,166 |
| Annual Per SF | $1.20 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $8,895 |
| Annual Per SF | $1.49 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $54,187 |
| Annual Per SF | $9.10 |
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
5,952 SF
Building Class
C
Year Built
1900
Price
$468,969 CAD
Price Per SF
$78.79 CAD
Tenancy
Single
Building Height
1 Story
Loading Docks
1 Exterior
Building FAR
0.62
Lot Size
0.22 AC
Zoning
B-1 General Commercial - B-1 General Commercial: by-right retail, office, service trades & light-flex uses. No rezoning required.
Frontage
130’ on Virginia Ave (US-220)
AMENITIES
- Security System
- Signage
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 042750000 | Total Assessment | $370,811 CAD |
| Land Assessment | $128,683 CAD | Annual Taxes | $1,729 CAD ($0.29 CAD/SF) |
| Improvements Assessment | $242,128 CAD | Tax Year | 2025 |
PROPERTY TAXES
Parcel Number
042750000
Land Assessment
$128,683 CAD
Improvements Assessment
$242,128 CAD
Total Assessment
$370,811 CAD
Annual Taxes
$1,729 CAD ($0.29 CAD/SF)
Tax Year
2025
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Vaughn Real Estate Inc.
2808 Virginia Ave – High-Vis Flex/Retail | 2808 Virginia Ave
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