Contacts
Connie J. Nielsen
Cushman & Wakefield | Thalhimer
Catharine Spangler
Cushman & Wakefield | Thalhimer
Property Details
- Property Type Retail
- Property Size 20,000 SF
- NOI / YR 160576
- Additional Rent Contact for pricing
- Year Built 1940
- Date Updated Sep 3, 2024
- Visibility/Traffic Count (VPD) 28,000
Cushman & Wakefield | Thalhimer is pleased to present for sale a multi-tenant retail opportunity with future development potential in the heart of downtown Richmond. The 8,110 SF asset is comprised of two single tenant, net leased buildings situated on ±0.4 acres with a 24-space, rare off-street parking lot at the corner of West Broad Street and North Davis Avenue. An additional ±0.3 acre parking lot behind the buildings provides for another 32 spaces. Richmond staple Sally Bell’s Kitchen and Hustler Hollywood are subject to NNN leases with annual escalations with a combined WALT of 5.2 years. The Properties are advantageously positioned between two of the cities most popular neighborhoods – Scott’s Addition and the Fan District, surrounded by over 8,400 apartment units and centrally positioned in the path of the city’s commercial growth. R-48 and B-5 Zoning allow for a multitude of future development opportunities while in-place rents provide stable and increasing cash flow in the near term. Excellent demographics, a rapidly growing immediate trade area and rare undeveloped lots make for a uniquely rare opportunity in one of the most highly sought after Richmond submarkets.
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Getting around
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90/100
Walk Score ®
-
47/100
Transit Score ®
-
87/100
Bike Score ®
Location
- City Richmond, VA
- Neighborhood The Fan
- Zip Code 23220
- Market Richmond Tidewater
Points of Interest
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Richmond Main Street
2.65 miles
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AR Cab Service
3.51 miles
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Exxon
0.29 miles
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Fleet Fueling
0.47 miles
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Citgo
0.50 miles
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Exxon
0.65 miles
-
BP
0.78 miles
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Exxon
1.13 miles
-
Shell
1.27 miles
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BP
1.29 miles
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Exxon
1.31 miles
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Exxon
1.34 miles
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Bowe Street Parking Deck
0.75 miles
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VCU - HB Lot
0.90 miles
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VCU - AR Lot
0.93 miles
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VCU - AR Extension Lot
0.94 miles
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West Broad Street Parking Deck
0.96 miles
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Laurel & Grace Place
1.13 miles
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West Cary Street Parking Deck
1.18 miles
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Broad and Belvidere Parking Deck
1.19 miles
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VCU - QQ Lot
1.22 miles
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VCU - EE Lot
1.24 miles
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Pizza Hut
0.02 miles
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Swan Dive
0.02 miles
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Chicken Fiesta
0.05 miles
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Arby's
0.07 miles
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City Diner
0.13 miles
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Lalo’s Cocina
0.16 miles
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Gus' Bar & Grill
0.18 miles
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Bookbinder's Seafood & Steakhouse
0.19 miles
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The Jerk Pit
0.21 miles
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Lee's Famous Recipe Chicken
0.21 miles
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Whole Foods Market
0.28 miles
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ALDI
0.30 miles
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Robinson Street Market
0.33 miles
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Oaxaca Latin Grocery Store
0.47 miles
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Patterson Mini-Market
0.56 miles
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Kroger
0.70 miles
-
Tokyo Market
0.81 miles
-
Stella's Grocery
0.83 miles
-
The Fresh Market
1.12 miles
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Urban Farmhouse VCU
1.16 miles
In-Depth Research Available for this Property
Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.
