9830 Midlothian Tpke Richmond, VA 23235

Governor's Square, located at 9830 Midlothian Turnpike in Richmond, Virginia (zip code 23235), presents a compelling value-add investment opportunity. This 18,154 square foot property sits on a 1.6-acre lot and comprises two buildings, offering a blend of office and retail spaces. Currently classified as Class C, the property is priced at $2,350,000, translating to $129.45 per square foot. Its strategic location on Midlothian Turnpike provides excellent visibility and accessibility. The property's existing tenant mix offers immediate cash flow, making it attractive for investors seeking a stable return. However, its value-add potential allows for significant upside through renovations, lease-up, or redevelopment. This makes it an ideal prospect for 1031 exchanges, owner-occupants, or developers looking to capitalize on the Richmond market. The property's diverse tenant base and substantial square footage provide flexibility for a variety of investment strategies. The property is situated in Chesterfield County, Virginia, and offers a unique opportunity to acquire a well-positioned commercial property with significant growth potential. Broker co-op is available.