Richmond VA Homes for Rent
$5,100,000
3405 Commerce Road Richmond, VA 23234
- Type:
- General Commercial
- Sq.Ft.:
- 42,628
- Status:
- Active
- Beds:
- n/a
- Lot size:
- 3.46 Acres
- Year built:
- 1900
- Baths:
- MLS#:
- 2419081
View additional info
Courtesy: One South Commercial LLC
804-266-8831
ADDITIONAL INFORMATION
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.
Richmond Real Estate
The median home value in Richmond, VA is $340,000. This is lower than the county median home value of $359,500. The national median home value is $338,100. The average price of homes sold in Richmond, VA is $340,000. Approximately 68.48% of Richmond homes are owned, compared to 25.69% rented, while 5.83% are vacant. Richmond real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Richmond real estate agent to arrange a tour today!
Richmond, Virginia 23234 has a population of 19,574. Richmond 23234 is less family-centric than the surrounding county with 23.98% of the households containing married families with children. The county average for households married with children is 34.19%.
The median household income in Richmond, Virginia 23234 is $66,730. The median household income for the surrounding county is $88,315 compared to the national median of $69,021. The median age of people living in Richmond 23234 is 37.6 years.
Richmond Weather
The average high temperature in July is 89.8 degrees, with an average low temperature in January of 27.9 degrees. The average rainfall is approximately 44.4 inches per year, with 7.4 inches of snow per year.