Sold

4015 Fitzhugh Ave

Richmond VA, 23230

$4,900,000


$368.75 per sqft

Sold

13,288 sqft

Commercial

Built in 1954

This single tenant, Triple Net Lease Investment opportunity is a chance for an investor to buy a strong cash flow building situated in a neighborhood seeing significant building construction and population increase.

The new lease is with 3North - an extremely strong tenant and local architecture firm that is flourishing. The building itself has an attractive, much sought after Mid-Century Style design. The area is on the fringe of two great neighborhoods- The Near West End of Richmond and Scotts Addition 2.0 in Henrico County.

The owner and tenant are just beginning significant renovations and upgrades which will make this property a premium investment for years to come. The tenant has contributed considerable resources to the building and the look and feel of the space is exactly what the market will be looking for. The offices and common areas have a bright, airy feel in line with what current professionals desire, ensuring successful long term tenancy. The property offers plentiful on and off-street parking which will only increase the buildings value as the surrounding area escalates its density.

2201765

MLS ID

November 30, 2021

Listed

April 12, 2024

Updated

Map

4015 Fitzhugh Ave
Richmond VA, 23230

Interior Features

Total Stories

2


Fireplace

No


Cooling

Yes


Cooling Description

Central Air


Heating

Yes


Heating Description

Hot Water

Exterior/Building Features

Lot Features

Level


Roof

Built-Up, Metal


Sewer

Public Sewer

Other Property Details

Area Name

20 - Richmond


Days on Market

85


Garage

No


View

No


County

Richmond City


Water Source

Public


Pool

No


Buyer Agency Compensation

2%

 

Courtesy of One South Realty Group, LLC

All or a portion of the multiple listing information is provided by the Central Virginia Regional Multiple Listing Service, LLC, from a copyrighted compilation of listings. All CVR MLS information provided is deemed reliable but is not guaranteed accurate. The compilation of listings and each individual listings are ©2024 Central Virginia Regional Multiple Listing Service, LLC. All rights reserved. Property locations as displayed on any map are best approximations only and exact locations should be independently verified.

Date last updated: 4/12/2024

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