Established Barbershop/Salon on Midlothian
For Sale
$160,000
2613 Midlothian Turnpike, Richmond, VA 23224
Turn-key barbershop/salon with potential for owner-operator or investor.
Property Size581 SF
Price / SF$275.39
Days on Market186
Property Features for 2613 Midlothian Turnpike
General Information
Standard status
Active
Size
581 SF
Site & Location
Neighborhood
Swno
Building Details
Year Built
1930
Listing Agency:
United Real Estate Richmond
Listed By:
Brent Christian · License #0225157348
(804) 479-0135
Source:
Onedreamrealty
Added: Apr 24
Changed: Oct 25
Last Checked: Oct 24 at 6:45PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of United Real Estate Richmond
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Investment Insights
Based on property information with market context.
This is a fully operating barbershop and salon conveniently located along Midlothian Turnpike. The stylish and well-appointed shop floor features three barber stations, three hair stylist stations, two wash sinks, and two hair dryers. The building also includes a small office and a restroom. This is an excellent opportunity for an owner-operator to hit the ground running with an established turn-key business. Alternatively, an investor could purchase the business and rent out the six barber and stylist chairs. The seller is willing to remove all barber, salon, audio, and television equipment and sell the building and land only.
Key Highlights
- Turn‑key, fully operating Barbershop/Salon business opportunity.
- Prime location on Midlothian Turnpike.
- Equipped with three Barber stations, three Hair Stylist stations, two wash sinks, and two hair dryers.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$6,341
Cap Rate
3.96%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$126,820
$126.8K
Cap Rate 7%
$90,586
$90.6K
Cap Rate 9%
$70,456
$70.5K
Market Conditions
NOI Build-Up for 581 SF
Gross rent
$9.9K $17.04/SF
− Vacancy
−$842 −$1.45/SF
EGI
$9.1K $15.59/SF
− OpEx
−$2.7K −$4.68/SF
NOI
$6.3K $10.91/SF
Area
Richmond, VA
Vacancy
8.50%
Lease Rate
$17.04 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$126,820
Cap Rate 7%
$90,586
Cap Rate 9%
$70,456
Alternative Uses
Best Use
Retail
$90.6K
$79.3K – $105.7K
NOI $6,341 @ 7.0% cap · market cap 3.96%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$134.2K
$117.5K – $156.6K
NOI $9,396 @ 7.0% cap · market cap 5.87%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
756
Businesses Nearby
Explore this area
Business Placement
Demographics for 23224, VA
39,468
Population
18,201
Households
2.2
Avg Household Size
33
Median Age
19%
College-Educated
80%
High-School Grad
11.6 sq mi
ZIP Area
3,402
Density / Sq Mi
$49,263
Median Household Income
$36,275
Median Earnings
$1,268
Median Rent
$189,200
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Richmond, VA
Frequently Asked Questions
What type of property is this?
Retail space - Turn-key barbershop/salon with potential for owner-operator or investor.
Where is this retail space located?
The property is located at 2613 Midlothian Turnpike Richmond, VA.
What is the asking price?
The asking price for this property is $160,000.
What are key features of this property?
This property features: Turn‑key, fully operating Barbershop/Salon business opportunity.; Prime location on Midlothian Turnpike.; Equipped with three Barber stations, three Hair Stylist stations, two wash sinks, and two hair dryers.
