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32971377
32971385

9821 RTE 1, BELLWOOD, VA 23237

BC
TX 738514
Bracket Real Estate
Bracket Real Estate
Listed by Bracket Real Estate
$2,000,000
11 days on market
Updated 10 days ago

9821 ROUTE 1 BELLWOOD VA 23237

Details
APN 794667739700000
Property Type Retail
Sub Type Storefront, Shopping Center
Units 10
Cap Rate 9%
NOI $180,000
Occupancy 100%
Tenancy Multi
Lease Type Modified
Lease Options 0
Class C
Year Built 1965
Year Renovated 2023
Stories 1
Lot Size (SqFt) 221,206
Zoning Commercial
Parking Spaces 2.78 per 1,000 sq ft
Investment Type Value Add
Tenant Credit No Credit Rating
Ground Lease No

$180k+ NOI | Retail Strip Center | Prime Location Rt. 1 Chesterfield

Marketing description

  • Freestanding Retail Asset – Approx. 18,000 SF
  • Prime Visibility on Jefferson Davis Highway (U.S. Route 1)
  • Durable Service-Oriented Trade Area
  • Attractive Parking and Accessibility
  • Value-Add and Repositioning Upside
  • General • 20,000 SF

Investment highlights

All Diligence and Registration for Call for Offers on BracketRE:

$180k+ NOI | Retail Strip Center | Prime Location Rt. 1 Chesterfield VA | bracketRE

9853–9897 Jefferson Davis Highway is a freestanding retail/commercial property totaling approximately 18,000 square feet, strategically positioned along one of Chesterfield County’s primary commercial corridors. Located on Jefferson Davis Highway (U.S. Route 1), the asset benefits from excellent frontage, visibility, and signage, supported by a pylon sign and direct ingress/egress via a heavily traveled arterial road. Constructed in 1965, the property is configured as a multi-tenant retail building and has historically supported a variety of automotive, service-oriented, and neighborhood commercial uses, reflecting the corridor’s durable demand profile.

The site offers an efficient parking ratio of approximately 2.78 spaces per 1,000 SF, enhancing usability for both customers and employees. Public transportation access further strengthens tenancy appeal, with bus line service along the corridor. Situated in North Chesterfield, just south of Richmond’s urban core, the property lies within a dense, established trade area characterized by long-standing local businesses and steady consumer traffic. The Jefferson Davis Highway corridor continues to serve as a critical connector between Richmond, Chesterfield County, and surrounding submarkets, positioning this asset as a flexible, income-producing investment with long-term upside tied to corridor revitalization and repositioning potential.

Listing Contacts

BC
TX 738514
Bracket Real Estate
Bracket Real Estate
Listed by Bracket Real Estate

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$180,000.00
$15,000.00/mo

Valuation Metrics

0
DSCR
9%
Cap Rate
9%
ROI

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Additional Information

Name
Jennifer Stein
License
226036561
Brokerage
Bracket Real Estate, Inc.
Title
Broker of Record
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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