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7401 Midlothian Tpke

4,134 SF Retail Building Richmond, VA 23225 £1,341,300 (£324/SF)

Investment Highlights

  • Located at heart of Chippenham / Midlothian Turnpike redevelopment
  • Outparcel
  • Corner Location

Executive Summary

Amazing retail opportunity with 124' of road frontage on Midlothian Turnpike! The site is located within the heart of Route 60/Route 150 redevelopment and is nearby to national chains such as Kroger, Starbucks, and Panda Express. The site is within walking distance of a new 42-acre mixed-used development which will include a six-story building with 27,000 square feet of ground-floor retail space, 300 apartment units, and sports tournament facility! This property is also located in front of a planned 109-acre Starview mixed-used development. The 4,000 SF building was formerly an auto dealership and the 0.72-acre site is zoned C-5 which allows for a wide variety of uses.

Attachments

7401 Midlothian Turnpike Sale Flyer 2024

Property Facts

Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
4,134 SF
Building Class
C
Year Built
1974
Price
£1,341,300
Price Per SF
£324
Tenancy
Multiple
Number of Floors
1
Building FAR
0.13
Land Acres
0.71 AC
Opportunity Zone
Yes
State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Zoning
C-5 - Allows a variety of office, retail and restaurant uses.
Parking
32 Spaces (7.74 Spaces per 1,000 SF Leased)
Frontage
156 ft on Midlothian Turnpike

Amenities

  • Bus Route
  • Pylon Sign
  • Signage
  • Drive Thru
  • Air Conditioning
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Nearby Major Retailers

Rent-a-center
Waffle House
IHOP
Chase
Truist
Atlantic Union Bank
Kroger
Starbucks
Woodforest National Bank
Food Lion

PROPERTY TAXES

Parcel Number 763-70-65-98-900-000 Improvements Assessment £121,900
Land Assessment £285,381 Total Assessment £407,282

PROPERTY TAXES

Parcel Number
763-70-65-98-900-000
Land Assessment
£285,381
Improvements Assessment
£121,900
Total Assessment
£407,282
  • Damien Cummings
    Damien Cummings
  • 757 Realty LLC
(757) 557-0030

  • Listing ID: 32606923

  • Date on Market: 27/07/2024

  • Last Updated:

  • Address: 7401 Midlothian Tpke, Richmond, VA 23225

The Retail Property at 7401 Midlothian Tpke, Richmond, VA 23225 is currently available For Sale. Contact 757 Realty LLC for more information.

Nearby Listings

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Screenshot 2024-07-10 062644

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7401 Midlothian Tpke
(757) 557-0030 x

7401 Midlothian Tpke

Damien Cummings

(757) 557-0030

(757) 557-0030

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