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Richmond Office Building For Sale
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4605 Commerce Road, Richmond, VA 23234

Office building with leaseback opportunity in Richmond's Enterprise Zone.

Property Size11,000 SF
Days on Market165

Property Features for 4605 Commerce Road

General Information

Standard status Active
Size 11,000 SF
Property subtype Office
Listing Agency: @S.L. Nusbaum Realty Co Richmond
Listed By: Sarah Sadler · License #VA #0225239252
Source: Slnusbaum
Added: Feb 25 Changed: Jul 10 Last Checked: Aug 9 at 6:15AM

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 @S.L. Nusbaum Realty Co Richmond

Investment Insights

Based on property information with market context.

A portion of the property at 4605 Commerce Road is available for purchase. The property includes a 5,000 square foot credit union branch, offered as a sale-leaseback with an established credit union. An additional 11,000 square feet is available, suitable for an owner-occupant or additional investment. This presents a dual opportunity to secure rental income and occupy or lease the balance of the building. The credit union will retain 5,000 square feet and the drive-thru. The property benefits from a strategic corner location at a fully signalized intersection. It is surrounded by major employers, including Philip Morris USA and the growing Virginia I-95 Distribution Center. Situated just off Exit 69 on I-95, it provides immediate access to major transportation routes and proximity to the Port of Richmond. The property is located in the City of Richmond in the Enterprise Zone.

Key Highlights

  • Strategic corner location with a fully signalized intersection
  • Dual opportunity - secure rental income + occupy or lease the balance of the building
  • Leaseback - Credit Union to retain ±5,000 SF and drive‑thru

Property Analytics

Current Use

Call Federal Credit ... Loan Service

Suggested Use

Top Pick Building Supply Real Estate Agency Pharmacy Dental Office Furniture & Home Goods 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.

Location Intelligence

Trade Area within ½ mile

180
Businesses Nearby

Demographics for 23234, VA

46,610
Population
18,167
Households
2.6
Avg Household Size
35
Median Age
20%
College-Educated
80%
High-School Grad
19.1 sq mi
ZIP Area
2,440
Density / Sq Mi
$63,630
Median Household Income
$37,661
Median Earnings
$1,321
Median Rent
$237,300
Median Home Value

Market

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 building - Office building with leaseback opportunity in Richmond's Enterprise Zone.
Where is this office building located?
The property is located at 4605 Commerce Road Richmond, VA.
What are key features of this property?
This property features: Strategic corner location with a fully signalized intersection; Dual opportunity - secure rental income + occupy or lease the balance of the building; Leaseback - Credit Union to retain ±5,000 SF and drive‑thru
More about this property
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