Kadjologo Coulibaly - REMAX Distinctive
3151-3157 Midlothian Turnpike
, VA 23224

Description

DEVELOPMENT/INVESTMENT OPPORTUNITY. These three (3) properties provide a contiguous block development/ investment opportunity strategically located between three of Richmonds fastest growing neighborhoods south of the James River Manchester, Woodland Heights, and Forest Hill. Right across from Swansboro Elementary, this 0.89 acre assemblage right on Midlothian Turnpike consists of a 4,138 SF retail strip center with ample parking, a 2 story 3,240 SF fully leased mixed use building, and a 0.392 acre vacant corner lot. All three (3) parcels are currently zoned B-1 and serve as excellent commercial for the several surrounding uninterrupted city blocks of apartments and single family homes. An ideal size and scale for an investor looking to scale up in the long term or an entry level developer, this offering provides great value-add with potential repositioning, retenanting, and redevelopment for residential and commercial uses while offsetting investment costs with an active revenue stream.

Details

MLS#1816763
Sub-TypeResale
StatusActive
Year1985
Days On Site164

Features

Story(s)1

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Area Information

StateVA
Zip Code23224
Area60 - Richmond
Listing VS Median (in 23224)
Price:
$849,000
low | high
Med:
$123,450
100% of Average
On Site:
164
low | high
Med:
22.500000
100% of Average
Listing Updated: 10/20/2018
MLS Number: 1816763
Listing Provided By:
Ann Schweitzer  of  One South Realty Group LLC