1. Virginia
  2. Richmond
  3. 3405 Commerce Rd
$5,100,000

3405 Commerce Rd, Richmond, VA 23234

  • 42,628 sqft
  • Property Icon Commercial Property
  • Property Year Built Icon Built in 1900
  • Property Lot Size Icon3.46acre lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $120/sqft
  • Property List Date Icon Listed 1 year ago

Property Description

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.

Listing Status:
Active
Listing Office:
One South Commercial LLC : (804) 266-8831
Listing Agent:
Ken Campbell : (804) 387-8812
MLS ID:
2419081
  • A/C: Central Air

This listing courtesy of Ken Campbell, One South Commercial LLC

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

O

Oak Grove-Bellemeade Elementary School

2200 Ingram Ave, Richmond, VA, 23224

Grades PK-5

1.54 miles away

T

Thomas C. Boushall Middle School

3400 Hopkins Rd, Richmond, VA, 23234

Grades 6-8

2.15 miles away

G

George Wythe High School

4314 Crutchfield St, Richmond, VA, 23225

Grades 9-12

3.71 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.