Property summary
This exceptional commercial property, located at 5717 Midlothian Turnpike in Richmond, Virginia, presents a compelling investment opportunity. The building boasts over 3,000 square feet of adaptable space, perfectly suited for a diverse range of professional businesses. Its prime location ensures high visibility and easy accessibility, making it an attractive proposition for companies seeking a prominent presence in a busy area of the city. Currently generating income as a leased daycare center, this property offers a stable revenue stream for investors while simultaneously presenting significant potential for future development or adaptation to suit a variety of commercial uses. The building's versatile layout allows for customization to meet the specific needs of various tenants, making it an ideal choice for businesses requiring ample space for offices, specialized services, or other commercial operations. The property sits on a 0-acre lot and is listed at $675,000. Its strategic location on Midlothian Turnpike guarantees significant foot and vehicle traffic, maximizing exposure and potential for client acquisition. This is a rare opportunity to acquire a well-situated, income-producing commercial property in a thriving Richmond neighborhood.
Property profile
VerifiedCap rate & NOI
Location
Value estimations
Owner & transaction history
Zoning & alternative use
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
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from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
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Property tax & assessments
Tax year 2020Property description
Physical attributes from public recordsZoning & alternative use
B-3 GENERAL BUSINESS · Richmond, VAZoning
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Zoning designation
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The district profile from the municipal source: what is on file for B-3 GENERAL BUSINESS in Richmond, VA.
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