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$ 2,300,000
Est. payment | /mo
12,600 SqFt
$ 2,300,000
Est. payment | /mo
12,600 SqFt
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 12,600 sqft
Price per Sqft $182
MLS Listing ID 2514519
Construction Status Renovated
HOA Y/N No
Year Built 1970
Lot Size 2.830 Acres
Acres 2.83
Property Description
Discover a prime investment opportunity in the heart of Warsaw, Virginia! This meticulously renovated 12,600 sq. ft. strip center, situated on a 1.31-acre parcel, is offered as a package deal with an additional 1.52-acre parcel, totaling nearly 3 acres. Listed at $2,300,000 with an attractive 6.5% cap rate, this fully occupied commercial property boasts long-term leases, ensuring immediate cash flow and stability for investors.
Property Highlights:
- Size & Layout: 12,600 sq. ft. strip center, fully leased with established tenants.
- Land: Combined 2.83 acres (1.31-acre main parcel + 1.52-acre adjacent parcel for future development).
- Renovations: Completely updated with modern finishes, most HVAC units replaced, and a new roof for low maintenance.
- Investment Potential: Strong 6.5% cap rate with long-term leases in place for consistent cash flow, plus the adjacent parcel offers development potential for additional income streams.
- Location: Strategically located in Warsaw, VA, with excellent visibility and accessibility.
This turnkey property is ideal for investors seeking immediate returns with the added bonus of future development opportunities. Don't miss out on this rare chance to own a high-performing asset with multiple revenue streams.
Property Highlights:
- Size & Layout: 12,600 sq. ft. strip center, fully leased with established tenants.
- Land: Combined 2.83 acres (1.31-acre main parcel + 1.52-acre adjacent parcel for future development).
- Renovations: Completely updated with modern finishes, most HVAC units replaced, and a new roof for low maintenance.
- Investment Potential: Strong 6.5% cap rate with long-term leases in place for consistent cash flow, plus the adjacent parcel offers development potential for additional income streams.
- Location: Strategically located in Warsaw, VA, with excellent visibility and accessibility.
This turnkey property is ideal for investors seeking immediate returns with the added bonus of future development opportunities. Don't miss out on this rare chance to own a high-performing asset with multiple revenue streams.
Location
State VA
County Richmond
Area 104 - Richmond County
Exterior
Roof Type Flat
Topography Level
Handicap Access Accessibility Features
Building
Lot Description Conservation Area, Level
Story 1
Water Public
Level or Stories One
Construction Status Renovated
Others
Tax ID 16A1(4)A1
Ownership Investment
Listed by Real Broker LLC
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