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231 Richmond Hwy 4,450 SF Specialty Building Offered at $621,184 CAD in Richmond, VA 23224

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INVESTMENT HIGHLIGHTS

Income Producing Property

EXECUTIVE SUMMARY

This investment property on Richmond Highway offers prime visibility with 20,000 vehicles passing daily. Zoned B-3, it provides flexible opportunities for retail use or redevelopment. The property includes a 1,250 SF leased house generating immediate income, along with a 3,200 SF garage featuring an apartment above, further enhancing its rental potential. Ample on-site parking ensures convenience for tenants and visitors. With its strategic location and income-producing features, this property is an excellent opportunity for investors.

231 Richmond Hwy

PROPERTY FACTS

Price	$621,184 CAD	Building Class	C
Price Per SF	$139.59 CAD	Lot Size	0.17 AC
Sale Type	Investment	Building Size	4,450 SF
Sale Condition	Redevelopment Project	No. Stories	1
Property Type	Specialty	Year Built	1920
Property Subtype	Residential Income General Retail Storefront Retail/Residential	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Zoning	B-3 - General Commercial - Retail Use or Redevelopment Opportunity

Price	$621,184 CAD
Price Per SF	$139.59 CAD
Sale Type	Investment
Sale Condition	Redevelopment Project
Property Type	Specialty
Property Subtype	Residential Income General Retail Storefront Retail/Residential
Building Class	C
Lot Size	0.17 AC
Building Size	4,450 SF
No. Stories	1
Year Built	1920
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Zoning	B-3 - General Commercial - Retail Use or Redevelopment Opportunity

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(757) 298-2016

CONTACTS

Rebecca von Meister
Robert Marshall
Taylor Long Properties Inc.

Listing ID: 34616453
Date on Market: 2025-01-27
Last Updated:
Address: 231 Richmond Hwy, Richmond, VA 23224

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