Henrico VA Commercial for Sale
$1,600,000
8401 Patterson Avenue Henrico, VA 23229
- Type:
- General Commercial
- Sq.Ft.:
- 13,923
- Status:
- Active
- Beds:
- n/a
- Year built:
- 1983
- Baths:
- MLS#:
- 2427401
View additional info
Courtesy: One South Commercial LLC
804-266-8831
ADDITIONAL INFORMATION
Presenting 8401 Patterson Avenue, a fully leased, multi-tenant Class B office building offering over 13,000 rentable square feet in Richmond’s West End. This two-story colonial style office building features a highly efficient floor plan with minimal core space and a fully finished basement, maximizing rentable area for tenants while minimizing operational costs for ownership. With a strong tenant base, including several long-term tenants, the asset provides immediate stable cash flow upon acquisition, making it a valuable addition to any investment portfolio. In addition to its substantial on-site parking, the property offers flexibility for businesses with its professional layout over a range of suite sizes—reducing vacancy exposure with the building’s concentration of sub-2,000 SF occupancies. Investors can also capitalize on future upside by making some light cosmetic renovations to lobbies and entryways, which would allow for rent increases in this highly desirable submarket. These enhancements, combined with the property’s history of stable performance, make it a solid investment with growth potential. Situated in the growing Western Henrico County area, 8401 Patterson Avenue benefits from its prime location near the Regency Mall redevelopment and in one of Richmond’s most well-established, amenity-rich neighborhoods. Tenants and their clients enjoy access to a wide variety of retail, dining, and services in this thriving art of the Richmond MSA. This stabilized asset with strong rental history and future upside potential is an exceptional opportunity in a highly desirable commercial corridor.
$2,000,000
9214 Quioccasin Road Henrico, VA 23229
- Type:
- General Commercial
- Sq.Ft.:
- n/a
- Status:
- Active
- Beds:
- n/a
- Lot size:
- 1.63 Acres
- Baths:
- MLS#:
- 2426135
View additional info
Courtesy: One South Commercial LLC
804-266-8831
ADDITIONAL INFORMATION
This highly desirable 1.634 acre parcel located in Henrico County’s West End offers a premier development opportunity to bring for sale or for rent product to a submarket with significant consistent housing demand. This prime property is shovel-ready and site approved for up to 20 townhouse lots, making it an ideal investment for either for sale product or a build-to-rent community. Nestled in Western Henrico less than a mile from recently redeveloped retail mall, Regency, this neighborhood is known for easy access to convenient area amenities, national and high end boutique retailers, robust economic growth, strong educational infrastructure, and easy healthcare access, highlighting the potential for stable high yield returns on investment either on a short term or long term basis. The merits of 9214 Quioccasin Road for residential development are manifold. The site plan has already been approved by Henrico County, utility easements recorded, and wetland and stream credits have already been purchased by seller, ensuring a smooth and expedited development process. Located in the heart of Western Henrico, residents will enjoy proximity to recreational facilities, popular large shopping destinations such as Short Pump Town Center or Willow Lawn Shopping Center, and an array of highly reputed dining and entertainment options throughout Western Henrico. The area is also home to beautiful parks and recreational facilities, including Deep Run Park and Recreation Center, providing ample opportunities for outdoor activities and community engagement. Additionally, being qualified as an Opportunity Zone project offers significant tax incentives and economic benefits to forward-thinking investors. With all approvals in place and infrastructure ready, you can immediately begin construction and capitalize on the area’s strong market conditions. Don’t miss this chance to shape the future of one of Henrico’s most sought-after locales while securing a profitable venture.
Henrico Real Estate
The median home value in Henrico, VA is $358,000. This is higher than the county median home value of $322,200. The national median home value is $338,100. The average price of homes sold in Henrico, VA is $358,000. Approximately 59.27% of Henrico homes are owned, compared to 35.41% rented, while 5.32% are vacant. Henrico real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Henrico real estate agent to arrange a tour today!
Henrico 23229 is more family-centric than the surrounding county with 37.43% of the households containing married families with children. The county average for households married with children is 32.03%.
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