For Sale
$1,650,000

306 Libbie Ave Richmond, VA 23226

Fully leased restaurant, high-end location.

Property records and analytics

Overview

Added:
Dec 11, 2024
Days on market:
134
This exceptional 2,160 square foot restaurant located at 306 Libbie Avenue in Richmond, Virginia, is offered for sale at $1,650,000. Currently operating at 100% occupancy, the property boasts a highly desirable location in the heart of Richmond's premier boutique shopping and dining district. The lease is in place until April 2026, with an option to extend through 2031, providing excellent long-term stability for the investor. The property includes off-street parking, a significant advantage in this vibrant area. Its strategic proximity to key institutions further enhances its appeal. Less than a mile away are the University of Richmond, the Country Club of Virginia, St. Catherine's and St. Christopher's Schools, and St. Mary's Hospital, ensuring a consistent flow of potential customers. This turnkey operation presents a rare opportunity to acquire a thriving restaurant business in a prime Richmond location with a secure lease and strong future prospects. The property's high-end surroundings and established clientele make it an attractive investment for discerning buyers seeking a profitable and well-positioned commercial asset. The zip code is 23226.

Highlights

  • 2,160 SF fully leased restaurant.
  • Off-street parking included.
  • Excellent location: less than one mile to University of Richmond, Country Club of Virginia, and several prominent schools and St. Mary's Hospital.
  • Asking price: $1,650,000.
  • Lease in place until April 2026, with option to extend to 2031.
  • Prime location in Richmond's premier shopping and dining district.

Property Details for 306 Libbie Ave

Property type
Retail properties, Restaurants
Square Feet
2,160 SF

Location Insight

City
Richmond
County
Richmond city
State
Virginia
Latitude
37.573681
Longitude
-77.5183793

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FAQs

What type of property is this?
Retail property - Fully leased restaurant, high-end location.
Where is the retail property located?
The property is located at 306 Libbie Ave Richmond, VA.
What is the asking price?
The asking price for this property is $1,650,000.
What are key features of this property?
This property features: 2,160 SF fully leased restaurant.; Off-street parking included.; Excellent location: less than one mile to University of Richmond, Country Club of Virginia, and several prominent schools and St. Mary's Hospital.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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Contacts

Reilly Marchant
Reilly Marchant
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Libbie Ave
Richmond, VA 23226

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Libbie Ave
Richmond, VA 23226

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Disclaimer

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We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.

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306 Libbie Ave
  • Reilly Marchant
    Reilly Marchant
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