Property profile

2661 New Market Rd Richmond, VA 23231

OFF-MARKET
Land
Property ID
US87-3743484
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Property summary

AI-generated overview

This exceptional 3.8-acre commercial land parcel presents a remarkable investment opportunity in Richmond, Virginia. Strategically located at the signalized intersection of New Market Road and I-295, this property boasts high visibility and convenient access to major transportation arteries. The B-2C zoning allows for a wide range of commercial development possibilities, making it ideal for businesses seeking a prominent location with significant traffic flow. The site's advantageous position is further enhanced by its proximity to a thriving commercial center anchored by a Food Lion grocery store. Nearby amenities include a bank, a gas station with a Subway restaurant, medical offices, and Varina Elementary School, ensuring a robust and established surrounding community. The property's address is 2661 New Market Road, Richmond, VA 23231, within Henrico County. This is a rare chance to acquire a substantial commercial land parcel in a high-demand area with excellent potential for significant return on investment. The asking price for this exceptional property is $1,300,000. Don't miss this opportunity to secure a prime location for your next commercial venture.

Property profile

Verified
Property type Land
UPID US87-3743484

Cap rate & NOI

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

Location

2661 New Market Rd Richmond, VA 23231
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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