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3163-3167 Midlothian Tpke
Richmond, VA 23224
3157-3163 Midlothian Tpke Richmond, VA 23224 · Retail Property For Sale
PROPERTY FACTS
AMENITIES
- Bus Line
- Signage
ABOUT 3163-3167 MIDLOTHIAN TPKE , RICHMOND, VA 23224
DEVELOPMENT/INVESTMENT OPPORTUNITY. These three (3) properties provide a contiguous ½ block development/ investment opportunity strategically located between three of Richmond’s fastest growing neighborhoods south of the James River – Manchester, Woodland Heights, and Forest Hill. Right across from Swansboro Elementary, this 0.89 acre assemblage right on Midlothian Turnpike consists of a 4,138 SF retail strip center with ample parking, a 2 story 3,240 SF fully leased mixed use building, and a 0.392 acre vacant corner lot. All three (3) parcels are currently zoned B-1 and serve as excellent commercial for the several surrounding uninterrupted city blocks of apartments and single family homes. An ideal size and scale for an investor looking to scale up in the long term or an entry level developer, this offering provides great value-add with potential repositioning, retenanting, and redevelopment for residential and commercial uses while offsetting investment costs with an active revenue stream.
PROPERTY TAXES
| Parcel Number | S000-1724-011 | Improvements Assessment | $223,000 |
| Land Assessment | $129,000 | Total Assessment | $352,000 |
PROPERTY TAXES
