4415 Laburnum Ave Henrico, VA 23231-2419
This exceptional 7,189 square foot restaurant property, located at 4415 S Laburnum Ave in Richmond, Virginia, presents a unique investment opportunity. Built in 2009, this single-story building sits on a 1.802-acre lot and is zoned B-3C, allowing for a variety of commercial uses. Previously a Red Lobster, the space offers a turnkey solution for established or aspiring restaurateurs. The property boasts excellent visibility along Laburnum Avenue, a high-traffic thoroughfare with over 32,000 vehicles passing daily, ensuring significant exposure to potential customers. The sale includes the property itself, and options for lease or ground lease are also available. The property is subject to the White Oak Village Operating Agreement/ECCR. This prime location in Henrico County, with its zip code 23231, offers easy access to a large customer base and presents a compelling opportunity for significant return on investment. The asking price for this remarkable property is $4,500,000. Serious inquiries are encouraged.
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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-3C · Henrico, VAHenrico. 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.