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349 E Belt Blvd
Richmond, VA 23224
Retail Property For Sale
INVESTMENT HIGHLIGHTS
- 1276sf stand-alone retail building on 1 acre
- Enterprise Zone Incentives
- .8 mi to Mcguire Veteran Hospital
- .5 mile to Interstate Access
- Zoned B3
EXECUTIVE SUMMARY
1276sf Retail Building with 2 bays on Large 1 Acre Lot, zoned B3 for General Retail Uses, such as Automotive Service, Storage, Gas, Car Wash, Convenience Store with 155' on E. Belt Blvd, located .5mi to I-64 and 4 Mi. to Downtown Richmond. This location is a designated Enterprise Zone with Incentives that include reduction of permit fees, user fees, business, professional and occupational license taxes, partial exemption from taxation of substantially rehabilitated real estate, and development tax.
PROPERTY FACTS
Sale Type
Investment or Owner User
Sale Conditions
Property Type
Retail
Property Subtype
Auto Repair
Building Size
1,276 SF
Building Class
C
Year Built
1960
Price
$995,000
Price Per SF
$779.78
Cap Rate
4.36%
NOI
$43,416
Tenancy
Single
Building Height
1 Story
Building FAR
0.03
Lot Size
1.04 AC
Zoning
B3 - B3 Zoning allows most retail, service uses
Parking
40 Spaces (31.35 Spaces per 1,000 SF Leased)
Frontage
156’ on E Belt Blvd
AMENITIES
- Bus Line
- Pylon Sign
- Signage
PROPERTY TAXES
| Parcel Number | C006-0154-024 | Improvements Assessment | $82,000 |
| Land Assessment | $332,000 | Total Assessment | $414,000 |
PROPERTY TAXES
Parcel Number
C006-0154-024
Land Assessment
$332,000
Improvements Assessment
$82,000
Total Assessment
$414,000
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