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2701 Chamberlayne Ave
Richmond, VA 23222
Retail Property For Sale
Investment Highlights
- Freestanding building with existing drive-thru for immediate operational use.
- Within 1.5 miles of I-95, allowing quick, regional access.
- Strong co-tenancy from major national retailers across food, pharmacy, and grocery sectors.
- Located on Chamberlayne Avenue with traffic counts exceeding 25,000 VPD.
- Significant residential development pipeline with more than 1,367 units planned.
- Positioned in a growing area with dense daytime and residential populations.
Executive Summary
This freestanding retail property at 2707 Chamberlayne Avenue offers a compelling investment opportunity in a high-visibility corridor just 1.5 miles from I-95. Situated on 0.62 acres, the asset is zoned B-2 and includes an existing drive-thru configuration, making it an attractive site for QSR, fast casual, or other destination retail users. The property benefits from 25,000+ vehicles per day along Chamberlayne Avenue, ensuring a strong traffic count and potential for high customer capture.
The surrounding environment is experiencing rapid residential growth, with over 1,367 new apartment units planned or under construction nearby. This trend boosts long-term demand and consumer spending in the trade area. Investors will also appreciate the property’s position within a diverse retail and residential mix with national brands such as McDonald’s, Burger King, Walgreens, and Wawa, enhancing co-tenancy advantages.
The surrounding environment is experiencing rapid residential growth, with over 1,367 new apartment units planned or under construction nearby. This trend boosts long-term demand and consumer spending in the trade area. Investors will also appreciate the property’s position within a diverse retail and residential mix with national brands such as McDonald’s, Burger King, Walgreens, and Wawa, enhancing co-tenancy advantages.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Building Size
2,762 SF
Building Class
C
Year Built
1986
Tenancy
Single
Building Height
1 Story
Building FAR
0.10
Lot Size
0.62 AC
Zoning
B-2
Parking
49 Spaces (1.75 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Bus Line
- Pylon Sign
- Signage
Property Taxes
| Parcel Number | N000-0691-031 | Improvements Assessment | $424,000 |
| Land Assessment | $209,000 | Total Assessment | $633,000 |
Property Taxes
Parcel Number
N000-0691-031
Land Assessment
$209,000
Improvements Assessment
$424,000
Total Assessment
$633,000
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