5400 Broad StRichmond, VA 23230

Property Details for 5400 Broad St

Year built

1992

Lot size

0.94 AC

Property size (Sq ft)

3,367 SF

Zone code

M-1

Property type

Drive through restaurants

APN

772-739-6203

APU

7727396203

Description

Willow Place, a Class B retail center located at 5400 W Broad St in Richmond, Virginia (zip code 23230), offers exceptional leasing opportunities. This Henrico County property boasts a total of 43,881 square feet, currently 100% vacant and ready for immediate occupancy. The property sits on a 0.91-acre lot and is configured for multiple tenants. Flexible space options are available, ranging from a minimum of 1,280 square feet to a maximum contiguous space of 25,000 square feet, making it ideal for a variety of retail businesses. The property's storefront design provides excellent street visibility and accessibility for customers. Its "Strip Front" configuration offers individual units with independent entrances, enhancing tenant privacy and operational independence. The property's location on W Broad St provides high traffic volume and exposure to a large customer base. This is a rare opportunity to secure a significant retail presence in a thriving Richmond commercial corridor. The property is classified as a multi-tenant retail space, offering a diverse range of possibilities for businesses seeking a prominent location in a busy area. Contact us today to learn more about leasing options and to schedule a viewing.

• CAP approach

  CAP return

  Valuation

  6%

  $1,092,259

  6.5%

  $1,008,239

  7%

  $936,222

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,417,053

  Geo Method

  $1,417,053

• Alternative Use

  Use

  Valuation

  Residential

  $850,487

  Hospitality

  $779,042

  Educational

  $648,154

  Medical

  $670,445

  Retail

  $1,008,239

Location Insight

City

Richmond

County

Henrico

State

Virginia

Latitude

37.5876

Longitude

-77.5001

CBSA code

40060

CBSA name

RICHMOND, VA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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