3401 Cox Rd Henrico, VA 23233-2001
Tower Plaza Shopping Center presents a compelling investment opportunity in Richmond, Virginia's thriving northwest retail quadrant. This 22,580-square-foot retail strip center boasts a prime location, just a quarter-mile from the entrance to Innsbrook Corporate Park, a major employment hub encompassing over eight million square feet of office space. The property features 169 parking spaces, ensuring ample convenience for shoppers and employees. The center's multiple tenancy allows for diverse income streams and potential for future growth. The property's APN is 747-757-3086. An attractive aspect of this offering is the availability of up to 3,600 square feet of outparcel/developable land, presenting significant expansion or redevelopment potential. This presents a unique chance to capitalize on the high-traffic location and strong tenant base already established within Tower Plaza. The property sits on a 3,600-square-foot lot, providing a solid foundation for current operations and future development. This retail center is strategically positioned to benefit from the substantial foot traffic generated by the nearby corporate park and surrounding residential communities. The property's strong location and development potential make it an ideal investment for those seeking a stable, high-growth opportunity in the Richmond market. This is a rare chance to acquire a well-established retail center with significant upside potential.
-
Isalis (Bike/Boat/Book/etc) Store
-
Party City Party Supply Store (Bike/Boat/Book/etc) Store
-
Skunk Funk Big Box & Wholesale Store
-
Carl's Trading Co Hat Shop
-
Bushka's Kitchen LLC (Bike/Boat/Book/etc) Store
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
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
B-2 · Henrico, VACosts & 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.