1293 Carmia WayBon Air, VA 23235

Property Details for 1293 Carmia Way

Year built

1998

Lot size

0.97 AC

Property size (Sq ft)

9,625 SF

Zone code

C3 - COMMUNITY BUS DIST

Property type

Specialty properties

Property subtype

Other shopping centers

APN

743-71-06-81-600-000

APU

743710681600000

Description

This exceptional 9,625 square foot storefront is available for sale at Chesterfield Market Place in Richmond, Virginia. Located at 1293 Carmia Way, zip code 23235, this owner-user opportunity boasts a prime location at the intersection of Midlothian Turnpike and Carmia Way, offering high visibility and significant traffic due to its proximity to Chesterfield Towne Center and Costco. The property is part of a vibrant shopping center anchored by established businesses such as The Floor Store, Home Depot, and PetSmart, and includes co-tenants like K1 Speed Indoor Karting, Sky Zone Trampoline Park, Dollar Tree, Aqua-Tots Swim, and Sally Beauty Supply. The asking price is $1,165,000, translating to $121.04 per square foot. Shared access and maintenance agreements are in place for the center, although common area and center restrictions apply. A brand new HVAC system was installed in July. The property is available for occupancy starting August 1, 2024. This presents a unique opportunity to establish a thriving retail business in a high-traffic, well-established shopping center. The property's location and strong co-tenancy make it an ideal investment for owner-users seeking a high-visibility retail space in a thriving market.

• CAP approach

  CAP return

  Valuation

  6%

  $2,984,777

  6.5%

  $2,755,178

  7%

  $2,558,380

• Comparable approach

  Method

  Valuation

  Relative Method

  $4,050,828

  Geo Method

  $4,050,828

• Alternative Use

  Use

  Valuation

  Residential

  $2,324,096

  Hospitality

  $2,128,860

  Educational

  $1,771,186

  Medical

  $1,832,100

  Retail

  $2,755,178

Location Insight

City

North Chesterfield

County

Chesterfield

State

Virginia

Latitude

37.5092

Longitude

-77.601

CBSA code

40060

CBSA name

RICHMOND, VA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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