10073 Brook RdGlen Allen, VA 23059

Property Details for 10073 Brook Rd

Year built

2003

Lot size

1.38 AC

Property size (Sq ft)

5,771 SF

Zone code

B-3C

Property type

Retail properties

Property subtype

Turn key restaurants

APN

784-770-7526

APU

7847707526

Description

This exceptional investment opportunity presents a 5,771 square foot restaurant situated on a 1.38-acre lot in Glen Allen, Virginia. The property, located at 10073 Brook Road, zip code 23059, boasts a desirable B3-C zoning classification. Built in 2003, this single-story building offers a single tenancy and presents a compelling 5.20% cap rate at an asking price of $2,500,000. The property benefits from its strategic location, positioned as an outparcel between Regal Cinemas and a significant new development: the Henrico County Sports Complex. Scheduled for completion in September 2023, this complex will feature 12 basketball courts, 24 volleyball courts, gymnastics facilities, and seating for up to 4,500. Further enhancing the area's appeal are plans for two hotels and new residential housing at the former mall site. This prime location offers exceptional growth potential, making it an attractive investment for discerning buyers seeking a high-return restaurant property in a rapidly developing area. The property's existing infrastructure and prime location within Henrico County provide a solid foundation for continued success and future expansion. This is a rare opportunity to acquire a well-established restaurant in a high-growth area with significant future development.

• CAP approach

  CAP return

  Valuation

  6%

  $1,872,173

  6.5%

  $1,728,160

  7%

  $1,604,720

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,428,813

  Geo Method

  $2,428,813

• Alternative Use

  Use

  Valuation

  Residential

  $1,457,768

  Hospitality

  $1,335,307

  Educational

  $1,110,960

  Medical

  $1,149,168

  Retail

  $1,728,160

Location Insight

City

Glen Allen

County

Henrico

State

Virginia

Latitude

37.673

Longitude

-77.4571

CBSA code

40060

CBSA name

RICHMOND, VA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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