Shopping Strip
James River Center
2403 Richmond Hwy, Richmond, VA 23234
Listing Price: $3,035,000
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.
James River Center
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
Listing Price: $3,035,000
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.
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