4914 W Broad St, Richmond, VA 23230 For Sale

Cushman & Wakefield | Thalhimer is pleased to exclusively offer for sale 4914–4916 W. Broad Street (the Property), an 8,400 SF, 100% leased retail asset strategically positioned on the hard corner of W. Broad Street (28,000 VPD) and Mordie Road in the heart of the Richmond MSA. The Property features over 120 feet of direct frontage along the corridor and sits directly across from The Shops at Willow Lawn, a 441,000 SF regional retail destination anchored by Kroger, Dick’s Sporting Goods, Target, and Starbucks, among other national retailers. The immediate trade area is further strengthened by its proximity to Scott’s Addition, the region’s fastest-growing mixed-use district, as well as nearby transformative projects including Midtown64 and The Sauer Center, which continue to drive residential density, office users, and experiential retail demand along the Broad Street corridor. The Willow Lawn submarket is supported by affluent and expanding demographics, with average household incomes exceeding $153,000 within a one-mile radius and 3.4% average annual population growth from 2019–2024—more than five times the growth rate within five miles. Anchored by Mattress Firm, which has operated at the Property for over 17 years and occupies approximately 71% of the GLA, the asset offers stable in-place income with long-term upside. The irreplaceable infill location within the Willow Lawn trade area, combined with continued mixed-use investment along Broad Street, positions the Property as a compelling opportunity in one of Central Virginia’s most established and evolving commercial corridors.