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    3401 Cox Rd Richmond, VA 23233

    Sponsored
    For Lease
    $19 SF/Yr

    Richmond Strip Mall - High Traffic Area

    Lot size:
    22,580 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    Tower Plaza Shopping Center presents a compelling investment opportunity in Richmond, Virginia's thriving northwest retail quadrant. This 22,580-square-foot retail strip center boasts a prime location, just a quarter-mile from the entrance to Innsbrook Corporate Park, a major employment hub encompassing over eight million square feet of office space. The property features 169 parking spaces, ensuring ample convenience for shoppers and employees. The center's multiple tenancy allows for diverse income streams and potential for future growth. The property's APN is 747-757-3086. An attractive aspect of this offering is the availability of up to 3,600 square feet of outparcel/developable land, presenting significant expansion or redevelopment potential. This presents a unique chance to capitalize on the high-traffic location and strong tenant base already established within Tower Plaza. The property sits on a 3,600-square-foot lot, providing a solid foundation for current operations and future development. This retail center is strategically positioned to benefit from the substantial foot traffic generated by the nearby corporate park and surrounding residential communities. The property's strong location and development potential make it an ideal investment for those seeking a stable, high-growth opportunity in the Richmond market. This is a rare chance to acquire a well-established retail center with significant upside potential.

    Property Features for 3401 Cox Rd

    General Information

    Property type
    Neighborhood centers
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    22,580 SF
    Total Rate
    35751.67

    Unit(s) available at that property

    Space
    3401
    Size
    2,610 SF
    Rate per SF
    $19

    HighLights

    • Up to 3,600 SF of outparcel/developable land available.
    • Excellent demographics and high daytime employment density.
    • High visibility with easy I‑64 access (under 3 minutes).
    • Located at a signalized intersection of Three Chopt and Cox Roads, one minute from Innsbrook Center (27,000+ daytime employees).
    • High traffic counts: 15,000 VPD on Three Chopt Rd and 15,000 VPD on Cox Rd.
    Property Profile Location Intelligence

    Current Use by Public Records

    Matheus Academy Education Center

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Richmond
    County
    Richmond City
    State
    Virginia
    Longitude
    -77.586915
    Latitude
    37.639972

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    FAQs

    What type of property is this?
    Neighborhood center - Richmond Strip Mall - High Traffic Area
    Where is this neighborhood center located?
    The property is located at 3401 Cox Rd Richmond, VA.
    What is the lease rate?
    The lease rate is $19 SF/Yr.
    What are key features of this property?
    This property features: Up to 3,600 SF of outparcel/developable land available.; Excellent demographics and high daytime employment density.; High visibility with easy I-64 access (under 3 minutes).
    Request Owner's contact information
    3401 Cox Rd Richmond, VA 23233
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    Richmond, VA 23233
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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
    3401 Cox Rd Richmond, VA 23233
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