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501 Railroad Ave 9,572 SF Retail Building Richlands, VA 24641 $2,055,615 CAD ($214.75 CAD/SF)
Investment Highlights
- Former bank branch location. First floor is rented and has been completed remodeled.
Executive Summary
Former bank branch location. Entire building is rented and has been completed remodeled.
Four parcels convey with sale: .17 acres (105A511170007-0009), .15 acres (105A51117010-0012), .21 acres (105A511170004-0006), and .22 acres (105A511170001-0003).
Fully Leased.
Four parcels convey with sale: .17 acres (105A511170007-0009), .15 acres (105A51117010-0012), .21 acres (105A511170004-0006), and .22 acres (105A511170001-0003).
Fully Leased.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Bank
Building Size
9,572 SF
Building Class
B
Year Built/Renovated
1973/2020
Price
$2,055,615 CAD
Price Per SF
$214.75 CAD
Tenancy
Single
Building Height
2 Stories
Building FAR
0.28
Lot Size
0.78 AC
Zoning
C - Commercial
Parking
16 Spaces (1.67 Spaces per 1,000 SF Leased)
Frontage
75’ on RAILROAD AVE
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
- Virginia Workforce
- Services
- 9,572 SF
- -
- -
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
| Virginia Workforce | Services | 9,572 SF | - | - |
Somewhat walkable
30/100
Exceptionally drivable
100/100
Somewhat bikeable
30/100
Nearby Major Retailers
Property Taxes
| Parcel Numbers | Improvements Assessment | $1,338,479 CAD | |
| Land Assessment | $102,781 CAD | Total Assessment | $1,441,260 CAD |
Property Taxes
Parcel Numbers
Land Assessment
$102,781 CAD
Improvements Assessment
$1,338,479 CAD
Total Assessment
$1,441,260 CAD
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501 Railroad Ave
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