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Mixed-Use Property with Retail
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3151 Midlothian Turnpike, Richmond, VA 23224

Three parcels combine retail, apartment, and development-ready corner-lot components in a street-facing Richmond assemblage.

Property SizeContact for details
Days on Market144

Property Features for 3151 Midlothian Turnpike

General Information

Standard status Active
Property subtype Retail
Listing Agency: One South Commercial
Listed By: Tom Rosman · License #VA 0225030879
Source: Crexi
Added: Apr 11 Changed: Aug 31 Last Checked: Aug 30 at 3:16PM

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 One South Commercial

Investment Insights

Based on property information with market context.

This three-parcel mixed-use assemblage at 3151 Midlothian Turnpike combines existing retail, commercial, residential, and land components. Improvements include a 4,138 SF strip center with a substantial parking area and a two-story 3,240 SF building containing one commercial unit and one 4bed/1.5bath apartment unit. The commercial and apartment spaces in the building are fully leased.

A separate 0.392-acre corner parcel is development ready. All three parcels carry B-1 zoning and form a contiguous block with frontage along Midlothian Turnpike, between W Blake Ln and W 32nd St. The property is directly across from Swansboro Elementary and sits between the Manchester, Woodland Heights, and Forest Hill neighborhoods south of the James River.

Key Highlights

  • 0.89‑acre assemblage comprising three contiguous parcels on Midlothian Turnpike
  • 4,138 SF retail strip center with a large parking area
  • Two‑story 3,240 SF building with one commercial unit and one 4bed/1.5bath apartment unit

Property Analytics

Current Use

Strip malls

Suggested Use

Top Pick Law Firm Real Estate Agency HVAC Service Dental Office Electrical Service Plumbing Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

542
Businesses Nearby

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

Market

Vacancy Rate% for Retail in Richmond, VA

6.9% 2019
7.5% 2020
7% 2021
5.2% 2022
4.2% 2023
4.9% 2024
5.7% 2025
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Frequently Asked Questions

What type of property is this?
Mixed-use property - Three parcels combine retail, apartment, and development-ready corner-lot components in a street-facing Richmond assemblage.
Where is this mixed-use property located?
The property is located at 3151 Midlothian Turnpike Richmond, VA.
What are key features of this property?
This property features: 0.89‑acre assemblage comprising three contiguous parcels on Midlothian Turnpike; 4,138 SF retail strip center with a large parking area; Two‑story 3,240 SF building with one commercial unit and one 4bed/1.5bath apartment unit
(804) 266-8831 Call to check price and availability
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