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    7411 Broad St Richmond, VA 23294

    For Sale
    Contact for pricing

    Prime W. Broad St. development opportunity.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    367
    This exceptional 2.1-acre commercial land parcel presents a rare development opportunity on Richmond's highly sought-after West Broad Street corridor. Located at 7411 W Broad St in Henrico County, Virginia (zip code 23294), this hard corner outparcel boasts an M-1 zoning designation, allowing for a wide range of commercial uses. Its strategic location offers unparalleled visibility and accessibility, placing it adjacent to a future Sam's Xpress Car Wash, ensuring high traffic volume and strong potential for synergy. The property is ready for immediate development, with readily available utilities including off-site stormwater management already in place. This is one of the last remaining development sites on the entire West Broad Street corridor, making it a truly unique investment prospect. Consider this site for sale, ground lease, or build-to-suit options, providing flexibility to suit various development plans. Its prime location and versatile zoning make it an ideal investment for developers seeking a high-impact commercial project in a thriving Richmond market. Don't miss this chance to secure a piece of one of Richmond's most dynamic commercial areas. Contact us today to learn more about this exceptional opportunity.

    Property Features for 7411 Broad St

    General Information

    Property type
    Land
    Lot Size
    91,476 SF

    HighLights

    • Rare W. Broad Street corridor development opportunity.
    • Adjacent to a future Sam's Xpress Car Wash.
    • M‑1 zoning allows for versatile commercial development.
    • Utilities and off‑site stormwater management are available.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    JakMax Auto Broker

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Richmond
    County
    Henrico
    State
    Virginia
    Longitude
    -77.5223726
    Latitude
    37.6146851

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    FAQs

    What type of property is this?
    Land - Prime W. Broad St. development opportunity.
    Where is this land located?
    The property is located at 7411 Broad St Richmond, VA.
    What are key features of this property?
    This property features: Rare W. Broad Street corridor development opportunity.; Adjacent to a future Sam's Xpress Car Wash.; M-1 zoning allows for versatile commercial development.
    Request Owner's contact information
    7411 Broad St Richmond, VA 23294
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    Richmond, VA 23294
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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
    7411 Broad St Richmond, VA 23294
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