3405 Commerce Rd Richmond, VA 23234
Call to check price and availability
High-cash-flow industrial property.
Property size:
42,628 SFProperty Features for 3405 Commerce Rd
General Information
- Property type
- Distribution properties
- Square Feet
- 42,628 SF
Building Details
- Year Built
- 1962
- Buildings
- 1
- Stories
- 1
Listing Agency: One South Commercial Listing Agent: Tom Rosman
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
This exceptional single-tenant industrial investment opportunity in Richmond, VA, presents a compelling chance to acquire a high-cash-flow asset with minimal management demands. Located at 3405 Commerce Rd, this 42,628 square foot building sits on a 3.46-acre parcel and boasts a triple-net lease structure, ensuring the tenant, Git The Trucking Commercial Tires, covers all real estate taxes, insurance, utilities, and maintenance. The building, constructed in 1962 and recently updated with a new roof (20-year warranty), features 12-foot ceilings, three loading docks, one drive-in door, and two levelers. The property also includes approximately 177 parking spaces. The current lease, in place for over a year, includes annual market rate increases. The building's prime location, with high visibility from I-95, makes it an ideal distribution hub for the East Coast. The property's M-1 zoning and 3-phase/240V/3000-amp service further enhance its appeal. The building's previous use was printing and direct mail, showcasing its adaptability. The strong Richmond industrial market, characterized by healthy demand and significant rental rate growth, ensures a robust return on investment. This is a turnkey opportunity for a savvy investor seeking a low-maintenance, high-yield property. The asking price is $5,100,000, translating to $128.03 per square foot. The property is currently 100% occupied.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
CC Staffing service
Employment Agency
Git The Trucking Commercial ...
(Bike/Boat/Book/etc) Store
69 Chosen LLC
(Bike/Boat/Book/etc) Store
Location Insight
- Map
- Local Demand
- City
- Richmond
- County
- Richmond City
- State
- Virginia
- Longitude
- -77.4308497
- Latitude
- 37.4759668
Nearby Similar for Sale
FAQs
What type of property is this?
Distribution property - High-cash-flow industrial property.
Where is this distribution property located?
The property is located at 3405 Commerce Rd Richmond, VA.
What is the asking price?
The asking price for this property is $5,100,000.
What are key features of this property?
This property features: $5,100,000 asking price for this industrial investment opportunity.; 42,628 square foot building on a 3.46-acre parcel with 177 parking spaces.; Excellent location in Richmond, VA, with high visibility from I-95.
