Richmond, VA 23234 3405 Commerce Road

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Presented By: Ken Campbell with One South Commercial LLC.
  • Central Virginia Regional MLS (CVRMLS) - 11 - VA
  • MLS# 2419081
  • 06/19/2024
  • SQFT • 42,628

Home Details

This single-tenant, long term lease investment opportunity is a chance for an investor to buy a strong cash flow building with market annual increases. The current lease with Git The Trucking Commercial Tires, a commercial tire installation and road service company, has been in place for over a year. Prior to the current tenant, the conditioned one-story building was previously used for printing and direct mail. The highly 1-95 visible building is approximately 41, 396 sf and has three (3) loading docks, one drive-in door, two (2) levelers and 3 phase/240 V/ 3000-amp service. The sizable property contains approximately 177 parking spaces within the 3.46-acre parcel. The industrial market in the Richmond area is extremely strong as demand remains very healthy. Rental rates have grown significantly in recent prior years and are still extremely stout. Richmond is extremely well located at the intersection of 1-95 and 1- 64, making it an excellent distribution location for the entire East Coast. 3405 Commerce has a Triple Net Lease structure with tenant responsible for all real estate taxes, building insurance, utilities and maintenance. The buyer of this property will be able to secure a robust return with very little management headaches.
Presented By: Ken Campbell with One South Commercial LLC.

Interior Features for 3405 Commerce Road

Bathrooms

Half Baths0
Total Baths

Other Interior Features

Air Conditioning Y/NYes
Basement (Y/N)No
Fireplace Y/NNo
Heating Y/NNo
Total Stories1

General for 3405 Commerce Road

Additional Parcels Y/NNo
Attached Garage No
Building FeaturesNoElevators, SingleTenant
Carport Y/NNo
Construction MaterialsBrick
CoolingCentralAir
CountyRichmond City
Electric On Property Y/NNo
Full Baths
Garage Y/NNo
HOANo
Home Warranty Y/NNo
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
LevelsOne
Lot Size UnitsAcres
MLS Area50 - Richmond
MobileHomeRemainsYNNo
New ConstructionNo
OwnershipInvestment
PossessionCloseOfEscrow
Possible UseMixedUse, Warehouse
Property Attached Y/NNo
Property ConditionGoodCondition
Property TypeCommercialSale
Rent Control Y/NNo
RoofFlat
Senior Community Y/NNo
SewerPublicSewer
Standard StatusActive
StatusActive
Stories1
Tax Assessed Value0
TopographyLevel
Total Rooms20
Waterfront Y/NNo
Year Built1900
Zoning DescriptionM-1

Exterior for 3405 Commerce Road

Building Area Total42628.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot FeaturesLevel
Lot Size Acres3.46
Lot Size Area3.46
Open Parking Y/NNo
Road Frontage TypeCityStreet
SpaNo
Water SourcePublic

Additional Details

Price History

Deborah Brown

Associate Broker
Price $5,100,000
MLS#2419081
List Date 06/19/2024
Property Type Commercial
Phone 804.399.1940
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