231 Richmond Hwy
Retail | 4,450 SqFt
Marketing description
Introducing a rare investment opportunity in the heart of Richmond, VA. This 4,450 SF property, constructed in 1920, offers a versatile B-3 zoning, making it ideal for retail use or potential redevelopment. With on-site parking, this income-producing property features a 3,200 SF leased house and a 1,250 SF garage with an apartment. The prime location ensures high visibility, with 20,000 vehicles passing by daily on Richmond Hwy. Whether you're an experienced investor or looking to expand your multifamily/single family rental portfolio, this property presents a compelling proposition for long-term growth and returns.
Nestled in the vibrant city of Richmond, VA - 231 Richmond Hwy offers proximity to an array of attractions and amenities. The surrounding area boasts eclectic dining, entertainment, and cultural hotspots, providing tenants with a diverse and lively community to call home. Just a short distance from the property, residents can explore local parks, schools, dine at nearby restaurants. With its convenient access to transportation hubs, this prime location provides an enriching and dynamic environment for residents to enjoy.
Investment highlights
- Zoned B-3 - Retail Use or Re-Development
- On-site parking
- 3,200 SF Leased House + 1,250 SF Garage with Apartment
- Income Producing
- 20,000 VPD on Richmond Hwy
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