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240 Commonwealth BlvdMartinsville, VA 24112

Grocery-anchored power center, high traffic.

Property records and analytics

Overview

Added:
Dec 11, 2024
Days on market:
116
The Village of Martinsville offers a unique investment opportunity in a thriving retail center. Strategically located at the intersection of Commonwealth Blvd. West and Liberty Street, this property enjoys exceptional visibility and accessibility along Martinsville's main commercial artery. Three signalized entrances ensure convenient access for customers. The center is anchored by a strong lineup of national retailers, including Kroger, Dunham's, Marshall's, Harbor Freight Tools, Belk, JoAnn Stores, and Maurices, creating a synergistic environment that drives significant foot traffic. This established center boasts a total of 288,254 square feet of retail space, currently featuring multiple tenants. One space is currently available, ranging in size from 1 square foot to 85,000 square feet, providing flexibility for various retail concepts. The high visit frequency of 10.05 demonstrates the center's consistent appeal to a loyal customer base, making it an attractive proposition for investors seeking a stable and high-performing retail asset. The property's prime location and strong tenant mix contribute to its robust performance and potential for future growth. This is an exceptional opportunity to acquire a stake in a well-established and successful retail center.

Highlights

  • Retail property totaling 288,254 square feet.
  • Multiple tenancy retail center with one space available, ranging from 1 to 85,000 square feet.
  • Grocery-anchored power/lifestyle center located at the intersection of Commonwealth Blvd. West and Liberty Street in Martinsville.
  • Excellent visibility and accessibility via three signalized entrances from Commonwealth Blvd., Martinsville's main commercial thoroughfare.
  • Strong tenant mix including national retailers such as Kroger, Dunham's, Marshall's, Harbor Freight Tools, Belk, JoAnn Stores, and Maurices.
  • High foot traffic with a visit frequency of 10.05.

Property Details for 240 Commonwealth Blvd

Property type
Retail properties
RSF (Rentable sq. ft)
288,254 SF

Unit(s) available at that property

Space
CONTACT US FOR MORE INFORMATION
Size
85,000 SF

Location Insight

City
Martinsville
County
Martinsville City
State
Virginia
Latitude
36.6983985
Longitude
-79.8774584
240 Commonwealth Blvd, Martinsville, Virginia

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Contacts

Kevin Conway
Kevin Conway
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240 Commonwealth Blvd, Martinsville, Virginia, 24112

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Disclaimer

The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.

We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.

By using this service, you acknowledge and accept that all estimates are provided for informational purposes only and that this website assumes no liability for any reliance on the provided valuations.

240 Commonwealth Blvd
  • Kevin Conway
    Kevin Conway
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