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4914-4916 W Broad St
Richmond, VA 23230
Retail Property For Sale
Executive Summary
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.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
6,500 SF
Building Class
C
Year Built
1966
Price
$4,170,810 CAD
Price Per SF
$641.66 CAD
Cap Rate
7.24%
NOI
$301,762 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.33
Lot Size
0.45 AC
Opportunity Zone
Yes
Zoning
M-1
Parking
46 Spaces (7.08 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Bus Line
- Pylon Sign
- Signage
Property Taxes
| Parcel Number | 774-737-2344 | Improvements Assessment | $1,022,305 CAD |
| Land Assessment | $483,551 CAD | Total Assessment | $1,505,856 CAD |
Property Taxes
Parcel Number
774-737-2344
Land Assessment
$483,551 CAD
Improvements Assessment
$1,022,305 CAD
Total Assessment
$1,505,856 CAD
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