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231 Richmond Hwy 4,450 SF Specialty Building Offered at $603,865 CAD in Richmond, VA 23224

Residential Income Homes Virginia Richmond 231 Richmond Hwy, 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.

Attachments

231 Richmond Hwy

Property Facts

Price $603,865 CAD Building Class C
Price Per SF $135.70 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 $603,865 CAD
Price Per SF $135.70 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
1 1

Property Taxes

Parcel Number S000-0292-011 Improvements Assessment $339,250 CAD
Land Assessment $103,132 CAD Total Assessment $442,382 CAD

Property Taxes

Parcel Number
S000-0292-011
Land Assessment
$103,132 CAD
Improvements Assessment
$339,250 CAD
Total Assessment
$442,382 CAD
(757) 298-2016

Still interested?

Contact the brokers for more information about this property

Contacts

  • Listing ID: 34616453

  • Date on Market: 2025-01-27

  • Last Updated:

  • Address: 231 Richmond Hwy, Richmond, VA 23224

The Blackwell Specialty Property at 231 Richmond Hwy, Richmond, VA 23224 is currently available. Contact Taylor Long Properties Inc. for more information.

SPECIALTY PROPERTIES IN NEARBY NEIGHBORHOODS

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231 Richmond Hwy, Richmond, VA for sale Building Photo- Image 1 of 2
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231 Richmond Hwy
(757) 298-2016 x

231 Richmond Hwy

Rebecca von Meister
(757) 298-2016

Robert Marshall
(804) 864-9788 x102

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