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Renovated Warehouse with Secure Access
For Sale
Contact for pricing
Pending

4001 Carolina Avenue, Richmond, VA 23222

Renovated warehouse featuring high ceilings, loading docks, and secure access.

Property Size7 SF
Lot Size7.00 Acres
Days on Market161

Property Features for 4001 Carolina Avenue

General Information

Standard status Pending
Size 7 SF
Lot size 7.00 Acres
Property subtype Industrial
Listing Agency: CBRE - Richmond
Listed By: Matt Hamilton
Source: Cbre
Added: Mar 25 Changed: Jul 10 Last Checked: Jul 23 at 4:33AM

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 CBRE - Richmond

Investment Insights

Based on property information with market context.

This commercial property, suitable for warehouses and industrial use, was fully renovated in 2023. It features M-2 zoning and a warehouse area with 29' clear ceiling heights. The property is equipped with 3 loading docks and 11 drive-in doors. It includes 3-phase power at 1,200 amps. Secure access is provided by 2 oversized electronic gates. The seller is offering a leaseback period of 15 months, with a rental rate of $660,000 per year and 1% annual increases.

Key Highlights

  • High Income: $660,000/year rental income with 1% annual increases.
  • Attractive Investment: 6.5% CAP Rate.
  • M‑2 Zoning: Suitable for a wide range of industrial uses.

Property Analytics

Current Use

Panther East of Virginia ... Roofing Company E C Ballard ... Painting Service East Coast Mechanical ... General Contractor Roofers Edge Roofing Company

Suggested Use

Top Pick Real Estate Agency Restaurant Law Firm Big Box & Wholesale Store Spa & Massage Center Pharmacy

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

221
Businesses Nearby
Balanced
Demand for This Use

Demographics for 23222, VA

24,337
Population
11,762
Households
2.1
Avg Household Size
37
Median Age
32%
College-Educated
90%
High-School Grad
8.2 sq mi
ZIP Area
2,968
Density / Sq Mi
$58,105
Median Household Income
$37,137
Median Earnings
$1,181
Median Rent
$252,000
Median Home Value

Market

Vacancy Rate% for Industrial in Richmond, VA

2.9% 2019
3.7% 2020
2.5% 2021
2.8% 2022
3.1% 2023
3.7% 2024
3.9% 2025
Rey
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Similar Off Market Nearby

  • AAAA Self Storage 1400 E Laburnum Ave, Richmond, VA 23222
  • Strawberry Hill Industrial Park 920 E Laburnum Ave, Richmond, VA 23222
  • Young Moving & Storage, Inc. 4295 Carolina Ave, Richmond, VA 23222

Frequently Asked Questions

What type of property is this?
Warehouse - Renovated warehouse featuring high ceilings, loading docks, and secure access.
Where is this warehouse located?
The property is located at 4001 Carolina Avenue Richmond, VA.
What are key features of this property?
This property features: High Income: $660,000/year rental income with 1% annual increases.; Attractive Investment: 6.5% CAP Rate.; M‑2 Zoning: Suitable for a wide range of industrial uses.
More about this property
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