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Prime Location for Redevelopment
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4101 West Broad Street, Richmond, VA 23230

Strategically located land prime for redevelopment with excellent connectivity.

Space SizeContact for details
Days on Market154

Property Features for 4101 West Broad Street

General Information

Standard status Active
Property subtype Office
Listing Agency: CBRE | Richmond
Listed By: Matt Hamilton
Source: Cbre
Added: Mar 25 Changed: Aug 19 Last Checked: Aug 24 at 10:35AM

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 property is situated at a strategically vital signalized intersection, serving as the direct entry point from Richmond's wealthiest communities. It offers seamless interstate connectivity. Located at the heart of Richmond's westward expansion, the property is prime for redevelopment. It benefits from TOD-1 zoning, which is poised to redefine the 0.75-mile stretch between Malvern Road & Staples Mill Road. Over the next 12 months, this dynamic corridor is expected to evolve dramatically, welcoming a significant influx of residents, premier retail, and innovative office spaces. The property size is 7000 square feet.

Key Highlights

  • Prime location at a signalized intersection, the main entry point from Richmond's wealthiest areas.
  • Excellent interstate connectivity for easy access in all directions.
  • Positioned within Richmond's westward expansion zone, ideal for redevelopment.

Property Analytics

Current Use

Commercial land

Suggested Use

Top Pick Building Supply Auto Parts Store Auto Repair Shop Garden Center Kitchen & Bath Showroom Hair Salon

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

Lease Details

NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

203
Businesses Nearby
Well-served
Demand for This Use

Demographics for 23230, VA

8,263
Population
5,066
Households
1.6
Avg Household Size
35
Median Age
52%
College-Educated
89%
High-School Grad
4.3 sq mi
ZIP Area
1,922
Density / Sq Mi
$71,189
Median Household Income
$55,121
Median Earnings
$1,608
Median Rent
$343,500
Median Home Value

Market

Lease Benchmarks for Richmond, VA

$18.03 /SF/Yr
Avg Asking Price
$9.75–$26.5 /SF/Yr
Price Range
10,471 SF
Avg Space Size

Vacancy Rate% for Office in Richmond, VA

5.7% 2019
7.2% 2020
7% 2021
8.2% 2022
8.4% 2023
12.1% 2024
11.8% 2025
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Frequently Asked Questions

What type of property is this?
Office space - Strategically located land prime for redevelopment with excellent connectivity.
Where is this office space located?
The property is located at 4101 West Broad Street Richmond, VA.
What are key features of this property?
This property features: Prime location at a signalized intersection, the main entry point from Richmond's wealthiest areas.; Excellent interstate connectivity for easy access in all directions.; Positioned within Richmond's westward expansion zone, ideal for redevelopment.
More about this property
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