4218 Broad St Richmond, VA 23230-3351

Property Details for 4218 Broad St

Year built

1958

Lot size

0.89 lot acres

Property size

3,111 SF

Zone code

M-1

Property type

Auto shops

APN

777-734-0471

APU

7777340471

Description

This exceptional 1.635-acre commercial land parcel presents a remarkable development opportunity in Richmond, Virginia's vibrant Scott's Addition market. Located at 4218-4224 W Broad St, the property boasts approximately 256 feet of frontage on West Broad Street, a major thoroughfare with a high volume of daily traffic (24,000 vehicles). Its strategic location also benefits from proximity to I-95, a key interstate with 74,000 vehicles passing daily, ensuring excellent visibility and accessibility. The land is zoned TOD-1, offering flexibility for various development projects. The asking price is $3,500,000, translating to approximately $2,140,673 per acre, reflecting the prime location and development potential. This fully leased property, although with no long-term leases, currently generates excellent monthly income from six tenants. The property's size and location make it ideal for a variety of commercial ventures, capitalizing on the area's strong growth and high traffic counts. This is a rare opportunity to acquire a significant land holding in a highly sought-after Richmond location. The Henrico and Richmond City county location provides access to a diverse range of amenities and a strong workforce. Don't miss this chance to secure a prime piece of real estate in a thriving market.

Location Insight

City

Richmond

County

Henrico

State

Virginia

Longitude

-77.485

Latitude

37.5756

CBSA code

40060

CBSA name

RICHMOND, VA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments