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    5118 Richmond Henrico Tpke Richmond, VA 23227

    Sponsored
    For Lease
    Contact for pricing

    Prime Henrico County retail space. Four units available.

    Lot size:
    40,601 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    Meadowood Square Shopping Center, located in Henrico County's Laburnum/Raceway Corridor submarket, presents a unique opportunity for retail and restaurant businesses. This single-story, 40,601 square foot building underwent a complete renovation in 2023, offering modern amenities and a fresh aesthetic. The property features a total of four available spaces, ranging in size from 679 square feet to 15,493 square feet, providing flexibility for various business needs. The building, originally constructed in 1973, benefits from its established location within a thriving shopping center. One of the available spaces is a second-generation restaurant space, complete with existing fixtures, furniture, and equipment (FF&E). This turnkey option presents a significant advantage for restaurateurs seeking a quick and efficient entry into the market. The multiple tenancy structure allows for a diverse mix of businesses, creating a vibrant and attractive shopping destination. The property's prime location within the Laburnum/Raceway Corridor ensures high visibility and accessibility for customers. This is an exceptional opportunity to secure retail or restaurant space in a recently renovated, well-maintained shopping center in a desirable Henrico County location. Contact us today to learn more about leasing opportunities.

    Property Features for 5118 Richmond Henrico Tpke

    General Information

    Property type
    Restaurants
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    40,601 SF

    Building Details

    Year Built/Renovated
    1973/2023
    Buildings
    1
    Stories
    1

    Unit(s) available at that property

    Space
    5110
    Size
    1,075 SF
    Space
    5102
    Size
    679 SF
    Space
    5114
    Size
    2,832 SF
    Space
    5118
    Size
    15,493 SF

    HighLights

    • Retail and restaurant property totaling 40,601 square feet.
    • Single‑story building constructed in 1973, renovated in 2023.
    • Located in the Laburnum/Raceway Corridor of Henrico County.
    • Multi‑tenant property with four available spaces ranging from 679 to 15,493 square feet.
    • Includes a second‑generation restaurant space with existing fixtures, furniture, and equipment (FF&E).
    Property Profile Location Intelligence

    Current Use by Public Records

    ATM Atm

    Suggested Use

    Restaurant Law Firm Building Supply Clothing Store Auto Repair Shop Gym & Fitness Pharmacy Wholesale Shop Accounting Firm Hotel & Motel

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

    Location Insight

    • Map
    • Local Demand
    City
    Richmond
    County
    Henrico
    State
    Virginia
    Longitude
    -77.424593825198
    Latitude
    37.602206707475

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    FAQs

    What type of property is this?
    Restaurant - Prime Henrico County retail space. Four units available.
    Where is this restaurant located?
    The property is located at 5118 Richmond Henrico Tpke Richmond, VA.
    What are key features of this property?
    This property features: Retail and restaurant property totaling 40,601 square feet.; Single-story building constructed in 1973, renovated in 2023.; Located in the Laburnum/Raceway Corridor of Henrico County.
    Request Owner's contact information
    5118 Richmond Henrico Tpke Richmond, VA 23227
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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
    5118 Richmond Henrico Tpke Richmond, VA 23227
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