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Maxey Center
Link to past project
Client Description
The Maxey Center is a boutique neighborhood shopping center located at 3452 Anderson Highway in Powhatan, Virginia. Completed in 1989 and totaling approximately 17,235 square feet of leasable retail space, the property functions as an essential services and medical hub for the surrounding community.
The center's strategic value is derived from its fully-leased status and its focus on necessity-based tenants, particularly in the health and professional services sectors. Key occupants include a major medical anchor, Bon Secours Powhatan Medical Associates, which provides a consistent draw to the location. Other tenants round out the service offering, including Powhatan Gentle Dentistry, the financial services firm Edward Jones, and local eateries and real estate offices like Angela's Italian Restaurant and ERA Napier.
The Maxey Center represents a stable, investment-grade commercial asset, demonstrated by its sale in 2021 for $4.3 million to a local investor. Its construction profile is that of a well-maintained, multi-tenant strip center that effectively meets the professional, medical, and dining needs of the Powhatan market.
The center's strategic value is derived from its fully-leased status and its focus on necessity-based tenants, particularly in the health and professional services sectors. Key occupants include a major medical anchor, Bon Secours Powhatan Medical Associates, which provides a consistent draw to the location. Other tenants round out the service offering, including Powhatan Gentle Dentistry, the financial services firm Edward Jones, and local eateries and real estate offices like Angela's Italian Restaurant and ERA Napier.
The Maxey Center represents a stable, investment-grade commercial asset, demonstrated by its sale in 2021 for $4.3 million to a local investor. Its construction profile is that of a well-maintained, multi-tenant strip center that effectively meets the professional, medical, and dining needs of the Powhatan market.