306 Libbie Ave Richmond, VA 23226-2614
This exceptional 2,160 square foot restaurant located at 306 Libbie Avenue in Richmond, Virginia, is offered for sale at $1,650,000. Currently operating at 100% occupancy, the property boasts a highly desirable location in the heart of Richmond's premier boutique shopping and dining district. The lease is in place until April 2026, with an option to extend through 2031, providing excellent long-term stability for the investor. The property includes off-street parking, a significant advantage in this vibrant area. Its strategic proximity to key institutions further enhances its appeal. Less than a mile away are the University of Richmond, the Country Club of Virginia, St. Catherine's and St. Christopher's Schools, and St. Mary's Hospital, ensuring a consistent flow of potential customers. This turnkey operation presents a rare opportunity to acquire a thriving restaurant business in a prime Richmond location with a secure lease and strong future prospects. The property's high-end surroundings and established clientele make it an attractive investment for discerning buyers seeking a profitable and well-positioned commercial asset. The zip code is 23226.
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ManCave Aesthetics Barber Shop
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Cameo Cakery And Cafe Bakery Specialty Food Shop
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2020Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
UB-PO1 PARKING OVERLAY · Richmond, VARichmond. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.