3151-67 Midlothian Tpk Richmond, VA 23224

$950000

Development Site, Mixed Use
Property Type


Units

0.87 AC
Parcel

7,378 SF
GBA

Active Listing

About This Property

ONE SOUTH COMMERCIAL is pleased to present 3151-67 Midlothian consisting of three parcels which comprise a contiguous street-facing block between W Blake Ln and W 32nd St.

This development and investment opportunity is strategically located between three of Richmond’s fastest growing neighborhoods south of the James River – Manchester, Woodland Heights, and Forest Hill. Directly across from Swansboro Elementary, this 0.89 acre assemblage along Midlothian Tpk consists of :

1) a 4,138 SF retail strip center with a large parking area;

2) a 2-story 3,240 SF fully leased (1) unit commercial and (1) 4bed/1.5bath unit apartment building; and

3) a 0.392 acre corner lot that is currently development ready, or with a rezoning, would potentially provide substantial return on investment.

All three parcels are currently zoned B-1 and positioned to serve as excellent commercial and residential uses in the surrounding neighborhood. An ideal size and scale for an investor looking for revenue generating asset or to scale up in the long term, this listing provides great value add opportunity with potential repositioning, retenanting, and redevelopment for residential and commercial uses.

Additional Information

53
Walkability

43
Transit

Leasable Area 7378 sq. ft.
Units 5
Parcel ID S0001724007, S0001724009, S0001724011
Road Frontage Midlothian Tpk
Zoning Desc. B-1 Community Business
Co-broker Fee Yes

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