Property profile

2007-2009 Chamberlayne Ave Richmond, VA 23222

OFF-MARKET
Retail properties & Spaces
6,379 SF 0.16 ac lot
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Property summary

AI-generated overview

This 6,379 square foot commercial property located at 2007-2009 Chamberlayne Avenue in Richmond, Virginia (zip code 23222), presents a unique owner-user or redevelopment opportunity. Currently configured as an auto shop with an existing glass installation, replacement, and repair operator in place, the property sits on a 0.16-acre lot zoned M-1. The building features one existing bathroom, one drive-thru bay, and three additional one-way access bays. A second floor offers space ready for build-out as offices or storage. On-street parking is available in front of the building until 4 PM, with additional off-street parking located in the rear. Two income-generating billboards are situated on the site. The property's strategic location offers excellent visibility and accessibility, being less than one mile from Virginia Union University (VUU) and Virginia Commonwealth University (VCU), and less than two miles from the Diamond District. This versatile property is ideal for an owner-occupant seeking a well-established business location or an investor looking for a redevelopment project with significant upside potential.

Property profile

Verified
Property type Retail properties & Spaces
Total area 6,379 SF
Lot 0.16 ac (6,970 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

2007-2009 Chamberlayne Ave Richmond, VA 23222
Richmond metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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