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521 Research Rd 39,700 SF Vacant Flex Building Richmond, VA 23236 $4,950,000 ($124.69/SF)
Investment Highlights
- First time available in approximately 40 years.
- Conditioned warehouse and shop areas support operational flexibility.
- 1,200-amp, 3-phase, 480/277-volt electrical service is installed.
- Industrial facility situated on 1.8 acres in Chesterfield County.
- Dock-high loading with leveler and grade-level loading are available.
- Two-story office area can be configured for multiple occupancy needs.
Executive Summary
521 Research Road presents a for sale opportunity for investors and owner-users seeking a well-maintained industrial asset in Chesterfield County's Southlake area. Offered for the first time in approximately 40 years, the property consists of a 39,700-square-foot industrial building situated on 1.8 acres with a combination of warehouse, shop, and office components designed to support a variety of operational requirements.
The facility includes approximately 23,000 square feet of conditioned warehouse and shop space with variable clear heights ranging from 12 to 14 feet. Loading is supported by both dock-high access with a leveler and grade-level loading capabilities. The building is served by 1,200-amp, 3-phase, 480/277-volt power, providing infrastructure suitable for manufacturing, service, distribution, and specialized industrial operations. A two-story office component can be demised to accommodate multiple occupants or departmental functions, offering flexibility for future ownership strategies.
Its location within the Southlake area of Chesterfield County provides access to the Richmond metropolitan region, a market supported by a diverse employment base, regional transportation infrastructure, and established industrial activity. On-site parking and a long history of owner occupancy further contribute to the property's operational functionality. The combination of warehouse infrastructure, office flexibility, and regional accessibility positions the asset as a potential acquisition for users seeking control of their facility or investors pursuing industrial ownership opportunities.
The facility includes approximately 23,000 square feet of conditioned warehouse and shop space with variable clear heights ranging from 12 to 14 feet. Loading is supported by both dock-high access with a leveler and grade-level loading capabilities. The building is served by 1,200-amp, 3-phase, 480/277-volt power, providing infrastructure suitable for manufacturing, service, distribution, and specialized industrial operations. A two-story office component can be demised to accommodate multiple occupants or departmental functions, offering flexibility for future ownership strategies.
Its location within the Southlake area of Chesterfield County provides access to the Richmond metropolitan region, a market supported by a diverse employment base, regional transportation infrastructure, and established industrial activity. On-site parking and a long history of owner occupancy further contribute to the property's operational functionality. The combination of warehouse infrastructure, office flexibility, and regional accessibility positions the asset as a potential acquisition for users seeking control of their facility or investors pursuing industrial ownership opportunities.
Property Facts
| Price | $4,950,000 | Rentable Building Area | 39,700 SF |
| Price Per SF | $124.69 | No. Stories | 2 |
| Sale Type | Investment or Owner User | Year Built | 1972 |
| Property Type | Flex | No. Dock-High Doors/Loading | 2 |
| Property Subtype | Light Manufacturing | No. Drive In / Grade-Level Doors | 1 |
| Building Class | B | Cross Streets | Trade |
| Lot Size | 0.99 AC | ||
| Zoning | C-5 | ||
| Price | $4,950,000 |
| Price Per SF | $124.69 |
| Sale Type | Investment or Owner User |
| Property Type | Flex |
| Property Subtype | Light Manufacturing |
| Building Class | B |
| Lot Size | 0.99 AC |
| Rentable Building Area | 39,700 SF |
| No. Stories | 2 |
| Year Built | 1972 |
| No. Dock-High Doors/Loading | 2 |
| No. Drive In / Grade-Level Doors | 1 |
| Cross Streets | Trade |
| Zoning | C-5 |
Space Availability
- Space
- Size
- Space Use
- Build-Out
- Available
The first-floor office space includes an established office layout suitable for administrative, professional services, engineering, consulting, or corporate support functions. The configuration provides a business environment within a larger industrial property.
| Space | Size | Space Use | Build-Out | Available |
| 1st Floor | 39,700 SF | Flex | - | Now |
1st Floor
| Size |
| 39,700 SF |
| Space Use |
| Flex |
| Build-Out |
| - |
| Available |
| Now |
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1st Floor
| Size | 39,700 SF |
| Space Use | Flex |
| Build-Out | - |
| Available | Now |
The first-floor office space includes an established office layout suitable for administrative, professional services, engineering, consulting, or corporate support functions. The configuration provides a business environment within a larger industrial property.
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Fairly walkable
50/100
Very drivable
80/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 743-70-78-30-700-000 | Improvements Assessment | $1,358,600 |
| Land Assessment | $172,100 | Total Assessment | $1,530,700 |
Property Taxes
Parcel Number
743-70-78-30-700-000
Land Assessment
$172,100
Improvements Assessment
$1,358,600
Total Assessment
$1,530,700
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Matterport 3D Exterior
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Street
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