16 Thurman & 812-16 Richmond Highway Street, Richmond, VA 23224

$850,000

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Sold Price
$850,000
List Price
$800,000
Days on Market
60
Closing Date
Mar 01, 2024
MLS#
CVR-2328502
Status
CLOSED
Type
Commercial
Year Built
1972
County
Richmond City
Region
50 - Richmond

Property Description

Both properties are leased with the Richmond Highway property on a short-term lease leaving flexibility for owner occupants. The Richmond Highway property is 9,585 square feet and sits on .47 acres of land. Its current use is as an auto tire store. The 16 Thurman Street property is .75 acres, and the building consists of 9,288 square feet. The sellers have recently spent over $600,000 on the Thurman Street property and the Richmond Highway property tenants have kept the property up. The 812-16 Richmond Highway property sits on a strong retail / commercial street with great visibility. It is zoned M-1 which allows a wide variety of uses. The 16 Thurman property sits off Richmond Highway and is more geared to industrial/flex uses. It is zoned M-1 light industrial. 812-16 Richmond Highway is leased to Williams Plaza and is a one-year lease leaving the buyer the option to increase the rents either with the current tenant or with a new use. 16 Thurman Street is leased to a strong, stable tenant that uses the space for warehousing and distribution of their products.

Additional Information

Acres
1.22
Exterior Features
Other
Roof
Flat
Cooling
Central Air

Mortgage Calculator

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Please consult a financial professional.
Calculator source: Real Geeks

Listing courtesy of One South Commercial LLC. Contact:

Selling Office: NON MLS OFFICE.

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