Sold
Closed
4015 Fitzhugh Ave
Richmond VA, 23230
$4,900,000
$368.75 per sqft
Sold
Closed
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
January 25, 2022
Listed
October 1, 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
Listed by One South Realty Group, LLC, Ken Campbell, (804) 387-8812
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: 10/1/2024