5061 Richmond RD, Warsaw, VA 22572
5061 Richmond RD, Warsaw, VA 22572
5061 Richmond RD, Warsaw, VA 22572
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TaKisha Ruffin

TaKisha Ruffin

+1(804) 464-3911
$1,875,000
Est. payment /mo
12,600 SqFt
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UPDATED:

Key Details

Property Type Commercial

Listing Status Active

Purchase Type For Sale

Square Footage 12,600 sqft

Price per Sqft $148

MLS Listing ID 2619335

Construction Status Renovated

HOA Y/N No

Year Built 1970

Lot Size 1.310 Acres

Acres 1.31

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. Listed at $1,875,000 with an attractive 7.75% 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: (1.31-acre main parcel + 1.52-acre adjacent parcel available for future development). - Renovations: Completely updated with modern finishes, most HVAC units replaced, and a new roof for low maintenance. - Investment Potential: Strong 7.75% 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

Interior

Cooling Central Air

Exterior

Exterior Feature Other

Fence None

Roof Type Flat

Topography Level

Building

Lot Description Level

Story 1

Sewer Public Sewer

Water Public

Level or Stories One

Construction Status Renovated

Others

Tax ID 16A1(4)A1

Ownership Investment

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Central Virginia Regional MLS (CVR MLS)
Listed by Real Broker LLC

Nearby Locations

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TaKisha Ruffin

TaKisha Ruffin

+1(804) 464-3911

Agent | License ID: 0225256234

Agent License ID: 0225256234

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