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$5,100,000

Est. payment - /mo

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42,628 SqFt

Active

3405 Commerce RD Richmond, VA 23234

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Timeless Realty Company

hello@timelessrealtyco.com +1(804) 215-8777

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Key Details

Property Type Commercial

Listing Status Active

Purchase Type For Sale

Square Footage 42,628 sqft

Price per Sqft $119

MLS Listing ID 2419081

HOA Y/N No

Year Built 1900

Lot Size 3.460 Acres

Acres 3.46

Property Description

This single-tenant, long term lease investment opportunity is a chance for an investor to buy a strong cash flow building with market annual increases. The current lease with Git The Trucking Commercial Tires, a commercial tire installation and road service company, has been in place for over a year. Prior to the current tenant, the conditioned one-story building was previously used for printing and direct mail. The highly 1-95 visible building is approximately 41, 396 sf and has three (3) loading docks, one drive-in door, two (2) levelers and 3 phase/240 V/ 3000-amp service. The sizable property contains approximately 177 parking spaces within the 3.46-acre parcel. The industrial market in the Richmond area is extremely strong as demand remains very healthy. Rental rates have grown significantly in recent prior years and are still extremely stout. Richmond is extremely well located at the intersection of 1-95 and 1- 64, making it an excellent distribution location for the entire East Coast. 3405 Commerce has a Triple Net Lease structure with tenant responsible for all real estate taxes, building insurance, utilities and maintenance. The buyer of this property will be able to secure a robust return with very little management headaches.

Location

State VA

County Richmond City

Area 50 - Richmond

Interior

Cooling Central Air

Exterior

Roof Type Flat

Topography Level

Building

Lot Description Level

Building Description Brick, No Elevators,Single-Tenant

Story 1

Sewer Public Sewer

Water Public

Level or Stories One

Structure Type Brick

Others

Tax ID S008-0822-072

Ownership Investment

Listed by One South Commercial LLC

NEARBY SCHOOLS & PROPERTIES

SCHOOLSPROPERTIES

Elementary Schools 11

8

Bensley Elementary School

Public | PK - 5
7

Hopkins Road Elementary School

Public | PK - 5
5

Falling Creek Elementary School

Public | PK - 5
5

Patrick Henry School of Science and Arts

Public | KG - 5
1

E.S.H. Greene Elementary School

Public | PK - 5
1

Swansboro Elementary School

Public | PK - 5
1

Blackwell Elementary School

Public | PK - 5
1

Oak Grove/Bellemeade Elementary School

Public | PK - 5
0

Ephesus Seventy-Day Adventist School

Private | KG - 8
0

Little Kids in Focus 1

Private | 1 - 6
0

All Saints Letsy Ann Memorial School

Private | KG - KG

Middle Schools 3

4

Falling Creek Middle School

Public | 6 - 8
2

Thomas C. Boushall Middle School

Public | 6 - 8
0

Girls in Focus Academy

Private | 7 - 11

High Schools 1

0

Church Hill Academy

Private | 9 - 12

School and business data provided by Attom Data.

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