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1517-1525 Front St
Richlands, VA 24641
Retail Property For Sale
Investment Highlights
- Owner Financing Available 50% Down Owner finance 50%
- Mixed-Use Commercial Buildings. Retail on the bottom and residential on the top
- High Potential Returns. 15% CAP Rate with value add potential up to 17% CAP Rate. Current ROI 10%
- Prime Location in the heart of Down Town Richlands
Property Facts
Property Type
Retail
Property Subtype
Building Size
15,075 SF
Building Class
C
Year Built
1936
Percent Leased
85%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.42
Lot Size
0.83 AC
Zoning
B-2 - Zoned for mixed use retail, residential, office.
Parking
4 Spaces (0.27 Spaces per 1,000 SF Leased)
Amenities
- Tenant Controlled HVAC
Property Taxes
| Parcel Numbers | Improvements Assessment | $295,300 | |
| Land Assessment | $45,000 | Total Assessment | $340,300 |
Property Taxes
Parcel Numbers
Land Assessment
$45,000
Improvements Assessment
$295,300
Total Assessment
$340,300
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