11400 Huguenot RdMidlothian, VA 23113

Property Details for 11400 Huguenot Rd

Year built

1991

Lot size

7.18 AC

Property size (Sq ft)

48,224 SF

Zone code

O2 - CORP OFFICE DIST

Property type

Specialty properties

Property subtype

Other shopping centers

APN

741-71-50-18-600-000

APU

741715018600000

Description

The Shoppes at Bellgrade, located at 11400 West Huguenot Road in Midlothian, Virginia (zip code 23113), presents a compelling investment opportunity. This retail strip center boasts a total building area of 141,305 square feet, situated on a sizable 10.2-acre lot. The property is conveniently located at the prominent intersection of Huguenot and Robious Roads, just north of Chesterfield Towne Center, ensuring high visibility and accessibility. Currently, one retail space of 210 square feet is available. The property is zoned O-2 within Chesterfield County. The address is easily accessible from Robious Road. This multi-tenant property offers a strong potential for return on investment due to its prime location and substantial size. The property's strategic placement near Chesterfield Towne Center further enhances its appeal to potential tenants and investors. Detailed information regarding lease terms and conditions for the available space is available upon request. This is an exceptional opportunity to acquire a well-positioned retail property in a thriving Midlothian market.

• CAP approach

  CAP return

  Valuation

  6%

  $14,954,584

  6.5%

  $13,804,232

  7%

  $12,818,215

• Comparable approach

  Method

  Valuation

  Relative Method

  $20,295,804

  Geo Method

  $20,295,804

• Alternative Use

  Use

  Valuation

  Residential

  $11,644,386

  Hospitality

  $10,666,195

  Educational

  $8,874,149

  Medical

  $9,179,344

  Retail

  $13,804,232

Location Insight

City

Midlothian

County

Chesterfield

State

Virginia

Latitude

37.5248

Longitude

-77.6102

CBSA code

40060

CBSA name

RICHMOND, VA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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