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    8502-8540 Patterson Ave Richmond, VA 23229

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    For Lease
    Contact for pricing

    Neighborhood shopping center with high traffic and instant name recognition.

    Property size:
    3,525 SF
    Lot size:
    4.09 Acres

    Property Features for 8502-8540 Patterson Ave

    General Information

    Size
    3,525 SF
    Lot size
    4.09 Acres

    Source: The Wilton Companies Agent Hank Miller

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Richmond Retail Center For Lease

    Beverly Hills Shopping Center is a neighborhood retail center located at the intersection of Patterson Avenue and Parham Road. It is one of Richmond's most well-known retail centers. Following the completion of the Parham-Chippenham Connector, the traffic flow past the center significantly increased. The center is a favorite of the affluent West End of Richmond and is accessible to the fast-growing, upper-income areas of northern Chesterfield County. After a recent exterior renovation, Beverly Hills Shopping Center is suited for specialty shops searching for a center with instant name recognition combined with a large traffic count. Tenants include True Value Hardware, Ellman's Dance Boutique, Verizon Wireless, Buckhead's Restaurant, Faceworks Day Spa, Spinal Correction Center of Richmond, Salon DeBonaire, Virginia Family Dentistry, Cater 2 Events, Mixing Bowl Bakery, and Custom Tailors. Approximately 310 free surface spaces are available. One available space is 3,525 square feet.
    Location Intelligence

    Current Use by Public Records

    Strip malls

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    Regency Shopping Mall, Coinstar Kiosk | Bitcoin ATM, Ridge Shopping Center, Parham Plaza, Regency square parking

    Location Insight

    • Map
    • Local Demand
    City
    Richmond
    County
    Richmond City
    State
    Virginia
    Longitude
    -77.56461
    Latitude
    37.595116

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    FAQs

    What type of property is this?
    Shopping center - Neighborhood shopping center with high traffic and instant name recognition.
    Where is this shopping center located?
    The property is located at 8502-8540 Patterson Ave Richmond, VA.
    What are key features of this property?
    This property features: - High traffic location due to Parham-Chippenham Connector, rivaling Richmond's busiest commercial corridors.; - Strong name recognition as one of Richmond's most well-known retail centers.; - Access to affluent West End of Richmond and upper-income areas of northern Chesterfield County.
    (804) 512-2041
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    8502-8540 Patterson Ave Richmond, VA 23229
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