Listed by Matthews
$850,000
Vacant Jiffy Lube - Richmond, VA
Details
Property Type Retail
Sub Type Auto Shop, Gas Station
Square Footage 2,340
Units 1
Tenancy Single
Brand/Tenant Jiffy Lube, Take 5 Oil Change
Price per SqFt $363
Year Built 1995
Acreage 1.170
Zoning B-2C (Business District, Conditional), O-2C (Office District, Conditional
Investment Type Value Add
Ground Lease No
Rare Vacant Auto Service | Prime Richmond Retail Corridor | Flexible Use | Redevelopment Opportunity
Marketing description
Matthews™ is pleased to present its latest auto listing located at 3820 Stillman Pkwy in Richmond, VA 23233. This property is listed at $850,000. Situated along W. Broad Street, one of Richmond's highest-traffic retail corridors with direct access to I-64, the property benefits from an affluent trade area with average household incomes of $210,700 within a 5-minute drive. The surrounding area features national retail anchors including Costco Wholesale, Sam's Club, Lowe's Home Improvement, and Kroger, driving consistent daily traffic to the corridor.
Tax Benefits – Auto service properties may be eligible for an accelerated depreciation schedule. Consult your tax or accounting professional for more information.
Investment highlights
- Listed for $850,000.
- ±2,340 SF Building | ±1.17 AC Lot | Year Built: 1995 | 2 Bays
- Flexible Potential Uses — drive-thru & dining restaurant, auto, banks, office, medical, general retail, and more. *Contact broker for more info.
- Rare Second-Gen High-Quality Auto Service Property: potential immediate backfill for a new user.
- Affluent & Dense Trade Area — average household income of $210,700 within a 5-minute drive, projected to grow to $227,100 (+7.8%) by 2030. (AlphaMap)
- Strong Regional Consumer Base — over 76,000 residents within a 3-mile radius generating $743.3M in total consumer spending, with average household incomes of $183,900. (AlphaMap)
- Growing Market — population within a 3-mile radius projected to reach 78,606 (+3.4%) by 2030, with consumer spending rising to $795.2M (+7.0%). (AlphaMap)
- Prime Retail Corridor — located along W. Broad Street with convenient access to I-64, surrounded by national co-tenancy, driving consistent daily traffic.
- Surrounded by National Retail Anchors within 1–2 miles, including Costco Wholesale, Sam's Club, Lowe's Home Improvement, Kroger, and Rooms To Go.
- E-commerce & Recession-Proof Investment — Quick Lube Services cannot be replicated online and have historically remained resilient through economic downturns.
- Tax Benefits — auto service properties may be eligible for an accelerated depreciation schedule. *Consult your tax or accounting professional for more information.
Listing Contacts
Listed by Matthews
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