Courtesy of: Lory Markham | One South Realty Group, LLC
Purchase Type: Sale
MLS ID: 2113180
Days On Market: 180
Year Build: 1985
Lot size: 0.87
Property Type: Commercial Sale
Area: 60 - Richmond
New Construction: No
Swimming Pool: No
Has Waterfront: No
Address: 3163 Midlothian Turnpike
County: Richmond City
Neighborhood: 60 - Richmond
For sale is 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) 3bed/1bath 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.
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.
Note: this property is sold as a portfolio with 3151 and 3159 Midlothian Tpk (PID S0001724007, S0001724009)