For Sale
$600,000

11923 Centre StChester, VA 23831

8,706 SF Multi-Tenant Office, Redevelopment Potential

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional 8,706 square foot, two-story office building presents a compelling investment, owner-user, or redevelopment opportunity. Located in the vibrant Chester Village Green community of Chesterfield County, Virginia, this property boasts a prime location within a walkable area featuring single-family homes, apartments, shops, restaurants, banks, a Walgreens, the Chester Library, and the new Perkinson Center for the Arts. The building, constructed in 1978, is classified as Class C and features sixteen tenants across multiple separately metered units, providing significant income potential. The current tenants are on short-term leases, allowing for flexibility in future plans. The property sits on a sizable 0.61 acres (26,615 sq ft) lot and is zoned C3, offering considerable redevelopment potential. The asking price is $600,000, translating to $68.92 per square foot. Ample parking is available. A 1,280 square foot space is currently available for lease. This property offers a unique blend of immediate income generation and long-term growth potential in a thriving community. The building also includes a full finished basement. Rent bumps are possible.

Highlights

  • 8,706 SF two-story office building in Chester Village Green, Chesterfield County, VA.
  • Prime location in walkable area with residential, retail, and amenities.
  • Class C building, 1978 construction, sixteen tenants on short-term leases.
  • 0.61-acre lot (26,615 SF), C3 zoning, redevelopment potential.
  • $600,000 asking price ($68.92/SF), ample parking, 1,280 SF currently available for lease.
  • Full finished basement, rent increase opportunities.

Property Details for 11923 Centre St

Property type
Office properties
Square Feet
8,706 SF
Class
C
Year Built
1978
Stories
2

Location Insight

City
Chester
County
Chesterfield
State
Virginia
Latitude
37.3578878
Longitude
-77.4465775
11923 Centre St, Chester, Virginia

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11923 Centre St
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