231 Richmond Hwy - Residential Income FOR SALE


Richmond, VA 23224
$445,000 USD
757-298-2016
231 Richmond Hwy, Richmond, VA for Sale
$445,000 USD
Residential Income - FOR SALE
1/2
null | Request Cap Rate

231 Richmond Hwy
Richmond, VA 23224


HIGHLIGHTS

  • Income Producing Property

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$445,000 USD

PRICE/SF

$100 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Specialty

PROPERTY SUBTYPE

Residential Income

ADD'L SUBTYPES

Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

C

YEAR BUILT

1920

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.17 AC

LAND SF

7,491 SF

ZONING

B-3

APN/PARCEL ID

S000-0292-011

ASK ABOUT THIS PROPERTY

Rebecca von MeisterTaylor Long Properties Inc.More Info
757-298-2016

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Rebecca von MeisterTaylor Long Properties Inc.More Info
757-298-2016

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.