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    11500 Midlothian Tpke Richmond, VA 23235

    Sponsored
    For Lease
    $35 SF/Yr

    1,560 SF Restaurant, High Traffic

    Lot size:
    1,560 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional 1,560-square-foot retail space, formerly a successful Jimmy John's, is ideally situated within the highly sought-after Chesterfield Towne Center in Richmond, Virginia. Located at 11500 Midlothian Turnpike, this Class A property boasts excellent visibility from the high-traffic Midlothian Turnpike and Huguenot Road intersection, ensuring significant foot and vehicle traffic. The property is zoned C-3 and offers a single-tenant occupancy. The space is move-in ready and includes existing fixtures, furniture, and equipment (FF&E), although it lacks a hood and oven. Key features include a triple sink, a walk-in refrigerator, and walk-in freezers, providing ample space for food preparation and storage. This presents a rare opportunity for a restaurant or retail business seeking a prime location in a thriving commercial center. The property's history as a successful restaurant demonstrates its potential for continued success. This is a turnkey opportunity to establish or relocate your business in a high-demand area with established infrastructure and high visibility. The address is 11500 Midlothian Turnpike, Richmond, VA 23235.

    Property Features for 11500 Midlothian Tpke

    General Information

    Property type
    Restaurants
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    1,560 SF
    Class
    A

    Unit(s) available at that property

    Space
    Size
    1,560 SF
    Rate per SF
    $35
    Property Profile Location Intelligence

    Current Use by Public Records

    Kids Foot Locker Children'S Clothing Store Chick-fil-A Caterer Chesterfield Towne Center Shopping Mall Salon Plaza Beauty Salon Queen Nails Nail Salon

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Hair Salon Auto Repair Shop Hotel & Motel

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

    Location Insight

    • Map
    • Local Demand
    City
    Richmond
    County
    Richmond City
    State
    Virginia
    Longitude
    -77.608613921858
    Latitude
    37.50656137811

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    FAQs

    What type of property is this?
    Restaurant - 1,560 SF Restaurant, High Traffic
    Where is this restaurant located?
    The property is located at 11500 Midlothian Tpke Richmond, VA.
    What is the lease rate?
    The lease rate is $35 SF/Yr.
    Request Owner's contact information
    11500 Midlothian Tpke Richmond, VA 23235
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    11500 Midlothian Tpke Richmond, VA 23235
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