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Shopping Strip

James River Center

2403 Richmond Hwy, Richmond, VA 23234

Listing Price: $3,200,000

Cap Rate
7.02%
Gross SF
19,251
Rentable SF
19,251
Price/Gross SF
$166.23
Lot Size
1.29 acres
Year Built
1949

Investment Overview

Marcus & Millichap is pleased to present for sale a 19,250 square foot retail strip center located in Richmond, Virginia. The subject property, James River Center, is 95-percent leased with all brand new leases executed in 2023.

Investment Highlights

  • 19,250 Square Foot Retail Center
  • 95% Leased I 7 Tenants | 9 Units
  • Complete Renovation Completed in 2024 | New Roof, Plumbing, Windows, Doors, HVAC Units
  • All Brand New Leases Executed since 2023
  • Value-Add Potential | Three (3) Short Term Leases Expire 2026-2027
  • Located on Historic Richmond Highway (Route 1)
  • Dense Daytime Population (64,000) within 3 Miles
  • Immediate Neighbor to James River Villas | $2.5 million in Capital Improvements Performed on Site by New Owner Since 2018

Exclusively Listed By

Financing By

Shopping Strip

James River Center

Listing Price: $3,200,000

Cap Rate
7.02%
Gross SF
19,251
Rentable SF
19,251
Price/Gross SF
$166.23
Lot Size
1.29 acres
Year Built
1949

Investment Highlights

  • 19,250 Square Foot Retail Center
  • 95% Leased I 7 Tenants | 9 Units
  • Complete Renovation Completed in 2024 | New Roof, Plumbing, Windows, Doors, HVAC Units
  • All Brand New Leases Executed since 2023
  • Value-Add Potential | Three (3) Short Term Leases Expire 2026-2027
  • Located on Historic Richmond Highway (Route 1)
  • Dense Daytime Population (64,000) within 3 Miles
  • Immediate Neighbor to James River Villas | $2.5 million in Capital Improvements Performed on Site by New Owner Since 2018

Investment Overview

Marcus & Millichap is pleased to present for sale a 19,250 square foot retail strip center located in Richmond, Virginia. The subject property, James River Center, is 95-percent leased with all brand new leases executed in 2023.

Exclusively Listed By

Financing By

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