2660 & 2664 New Market Road Portfolio 2 Properties Offered at $1,700,000 in Richmond, VA

This two-parcel commercial offering along New Market Road presents an attractive opportunity for investors seeking a well-located, income-supported asset within eastern Henrico County. Totaling 3.69 acres and positioned at a lighted intersection, the portfolio combines stable tenancy with strategic long-term potential in a corridor experiencing steady growth. Walgreens occupies one of the buildings under a lease extending through June 2026, providing near-term income security with a nationally recognized credit tenant. The second building, formerly home to an office user, provides flexibility for value-add repositioning or future redevelopment depending on investor strategy.
The site benefits from strong connectivity with immediate access to the Virginia Capital Trail and less than a one-mile drive to Interstate 295, offering regional reach to Richmond International Airport, Downtown Richmond, and the surrounding suburban communities. Its B-1 zoning designation allows for a variety of commercial uses, enhancing optionality for future owners. Nearby residential density continues to expand, boosting demand for neighborhood-oriented retail and service uses while reinforcing the long-term viability of the corridor.
Visibility, accessibility, and dual-building functionality make this property suitable for investors evaluating stabilized assets with incremental upside. The generous acreage and corner positioning further enhance its redevelopment appeal, particularly as the eastern Henrico submarket continues to attract both retailers and service providers. With an asking price of $1,700,000, this portfolio delivers a compelling combination of location strength, existing tenancy, and flexible future utility, all within a highly trafficked and growing suburban trade area.