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349 E Belt Blvd 1,276 SF Retail Building Richmond, VA 23224 $825,000 ($646.55/SF) 5.26% Cap Rate
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
Leased Investment Opportunity with good income located in an Enterprise Zone, close to McGuire Veterans Hospital. 1.1 acres with B3 zoning, part-fenced, with 155' frontage 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).
Financial Summary (Actual - 2026) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
-
|
-
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| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2026) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Auto Repair
Building Size
1,276 SF
Building Class
C
Year Built
1960
Price
$825,000
Price Per SF
$646.55
Cap Rate
5.26%
NOI
$43,416
Tenancy
Single
Building Height
1 Story
Building FAR
0.03
Lot Size
1.11 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
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
- Moe
- Retailer
-
99,999 SF
-
$9.99
-
Lorem Ipsum
-
Jan 0000
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| Moe | Retailer | 99,999 SF | $9.99 | Lorem Ipsum | Jan 0000 |
Fairly walkable
50/100
Exceptionally drivable
100/100
Some public transit
50/100
Somewhat bikeable
30/100
Nearby Major Retailers
Property Taxes
| Parcel Number | C006-0154-024 | Improvements Assessment | $82,000 |
| Land Assessment | $357,000 | Total Assessment | $439,000 |
Property Taxes
Parcel Number
C006-0154-024
Land Assessment
$357,000
Improvements Assessment
$82,000
Total Assessment
$439,000
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Contact the Sale Advisor
349 E Belt Blvd