1090 Virginia Center PkwyGlen Allen, VA 23059

Property Details for 1090 Virginia Center Pkwy

Year built

2005

Lot size

1.00 AC

Property size (Sq ft)

14,466 SF

Zone code

M-1

Property type

Retail properties

Property subtype

Strip malls

APN

784-768-2453

APU

7847682453

Description

This exceptional 1,799 square foot restaurant space is located within the vibrant Virginia Center Commons submarket of Glen Allen, Virginia. Situated at 1090 Virginia Center Pkwy, zip code 23059, this Class A property offers a fantastic opportunity for a discerning restaurateur. Built in 2006, the single-story building boasts a total of 11,322 square feet, with 1,799 square feet currently available for lease. The property is zoned M1, allowing for a variety of restaurant uses. This is a second-generation restaurant space, providing a ready-made layout and infrastructure. The location benefits from its proximity to the bustling Virginia Center Commons, ensuring high visibility and foot traffic. The property is part of a multi-tenant building, offering a collaborative and thriving commercial environment. Henrico County's strong economy and growing population make this an ideal location for a successful restaurant venture. The space presents a unique opportunity to establish or expand a restaurant business in a prime location with excellent accessibility and ample parking. This is a turnkey opportunity for a restaurant operator seeking a well-located, established space in a thriving commercial center. The property's single-story design and convenient access points enhance operational efficiency and customer convenience. Don't miss this chance to secure a prime location in a high-demand area.

• CAP approach

  CAP return

  Valuation

  6%

  $4,692,920

  6.5%

  $4,331,927

  7%

  $4,022,504

• Comparable approach

  Method

  Valuation

  Relative Method

  $6,088,236

  Geo Method

  $6,088,236

• Alternative Use

  Use

  Valuation

  Residential

  $3,654,142

  Hospitality

  $3,347,175

  Educational

  $2,784,810

  Medical

  $2,880,584

  Retail

  $4,331,927

Location Insight

City

Glen Allen

County

Henrico

State

Virginia

Latitude

37.6682

Longitude

-77.4589

CBSA code

40060

CBSA name

RICHMOND, VA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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