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$5,100,000
CVR-2419081 MLS
This single-tenant, long term lease investment opportunity is a chance for an investor to buy a strong cash flow building with market annual increases. The current lease with Git The Trucking Commercial Tires, a commercial tire installation and road service company, has been in place for over a year. Prior to the current tenant, the conditioned one-story building was previously used for printing and direct mail. The highly 1-95 visible building is approximately 41, 396 sf and has three (3) loading docks, one drive-in door, two (2) levelers and 3 phase/240 V/ 3000-amp service. The sizable property contains approximately 177 parking spaces within the 3.46-acre parcel. The industrial market in the Richmond area is extremely strong as demand remains very healthy. Rental rates have grown significantly in recent prior years and are still extremely stout. Richmond is extremely well located at the intersection of 1-95 and 1- 64, making it an excellent distribution location for the entire East Coast. 3405 Commerce has a Triple Net Lease structure with tenant responsible for all real estate taxes, building insurance, utilities and maintenance. The buyer of this property will be able to secure a robust return with very little management headaches.

3405 Commerce Road, Richmond

$1,295,000
CVR-2409958 MLS
1.2 Acres in North Richmond's Opportunity Zone The B-3 district is intended to provide a mix of commercial, automotive, and recreational activities. Possible uses, include most Retail Uses, Drive-Thru, Office, Automotive Filling Station, Live/Work Dwellings. The site allows for access from 2 roads- Richmond-Henrico Turnpike and Meadowridge Rd, and is experiencing growth with Amazon's presence and the new homes and businesses being built to accommodate 1,000 new employees, In addition to major roadway enhancement taking place on Azalea Ave, across Laburnum from this location, including bike lanes, streetlights and a new water main. In addition, there is a single-story building on the property, that has a slab foundation. 50% Seller financing is possible. Opportunity Zones offer federal incentives for investors and developers aiming to revitalize underserved areas, such as: Capital Gains Deferral, Tax Reduction, Tax-Free Growth.

3810 Meadowbridge Road, Richmond

Some listings may be duplicated in the search results due to the co-mingling of listings from more than one multiple listing service. Should there be different listing information between the duplicated listings; user is advised to verify the accuracy of the listing information before making any financial decisions.