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3405 Commerce Rd Richmond, VA 23234

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Single-tenant, long-term lease investment opportunity with market annual increases.

Type:Industrial
Property size:
42,628 SF
Lot size:
3.46 Acres
Added:
Jul 21, 2024
Days on Market:
638
Last Refresh:
Mar 17 at 1:26 pm

Property Features for 3405 Commerce Rd

General Information

Standard status
Active
Size
42,628 SF
Lot size
3.46 Acres
Property subtype
Industrial

Building Details

Year Built
1962

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Listing Contact
Ken Campbell
Ken Campbell

Listing agent Ken Campbell License #0226037201

Listing office One South Commercial

Listing date Jul 21, 2024

Source Crexi

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


Overview

I-95 Visible Industrial Building

This single-tenant industrial building presents a long-term lease investment opportunity. The property is currently leased to Git The Trucking Commercial Tires, a commercial tire installation and road service company. The tenant has been in place for over a year. Previously, the conditioned one-story building was used for printing and direct mail. The building offers high visibility from I-95. The property encompasses approximately 41,396 square feet and features three loading docks, one drive-in door, and two levelers. It is equipped with 3 phase/240 V/3000-amp service. The property includes approximately 177 parking spaces on a 3.46-acre parcel. The industrial market in the Richmond area is strong, with healthy demand. Richmond's location at the intersection of I-95 and I-64 makes it a distribution location for the East Coast. The property operates under a Triple Net Lease structure, with the tenant responsible for real estate taxes, building insurance, utilities, and maintenance. The property size is 42,628 square feet.
Property Profile Insight Report Location Intelligence

Current Use by Public Records

CC Staffing service Employment Agency Git The Trucking Commercial ... (Bike/Boat/Book/etc) Store 69 Chosen LLC (Bike/Boat/Book/etc) Store

Suggested Use

Restaurant Real Estate Agency Building Supply Dental Office Big Box & Wholesale Store Hair Salon Auto Repair Shop Pharmacy Hotel & Motel Auto Parts Store

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

Location Insight

  • Map
  • Local Demand
City
Richmond
County
Richmond City
State
Virginia
Longitude
-77.4305553
Latitude
37.4761994

FAQs

What type of property is this?
Truck terminal - Single-tenant, long-term lease investment opportunity with market annual increases.
Where is this truck terminal located?
The property is located at 3405 Commerce Rd Richmond, VA.
What is the asking price?
The asking price for this property is $5,100,000.
What are key features of this property?
This property features: Strong cash flow investment property with market annual increases.; Long‑term lease in place with Git The Trucking Commercial Tires.; Highly visible location with I‑95 frontage.
(804) 353-0009 Call to check price and availability
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