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501 Railroad Ave 9,572 SF Retail Building Richlands, VA 24641 $1,500,000 ($156.71/SF)
INVESTMENT HIGHLIGHTS
- Former bank branch location. First floor is rented and has been completed remodeled.
EXECUTIVE SUMMARY
Former bank branch location. Entire building is rented and has been completed remodeled.
Four parcels convey with sale: .17 acres (105A511170007-0009), .15 acres (105A51117010-0012), .21 acres (105A511170004-0006), and .22 acres (105A511170001-0003)
Four parcels convey with sale: .17 acres (105A511170007-0009), .15 acres (105A51117010-0012), .21 acres (105A511170004-0006), and .22 acres (105A511170001-0003)
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Bank
Building Size
9,572 SF
Building Class
B
Year Built/Renovated
1973/2020
Price
$1,500,000
Price Per SF
$156.71
Tenancy
Single
Building Height
2 Stories
Building FAR
0.28
Lot Size
0.78 AC
Zoning
C - Commercial
Parking
16 Spaces (1.67 Spaces per 1,000 SF Leased)
Frontage
75’ on RAILROAD AVE
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE END
- Virginia Workforce
- Services
- 9,572 SF
- -
- -
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE END | ||
| Virginia Workforce | Services | 9,572 SF | - | - |
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $861,300 | |
| Land Assessment | $116,600 | Total Assessment | $977,900 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$116,600
Improvements Assessment
$861,300
Total Assessment
$977,900
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501 Railroad Ave
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