7101 Forest Hill AveRichmond, VA 23225

Property Details for 7101 Forest Hill Ave

Year built

1995

Construction

TYPE NOT SPECIFIED

Lot size

15.31 AC

Property size (Sq ft)

39,810 SF

Zone code

MULTIPLE ZONING

Property type

Retail properties

Property subtype

Community centers

APN

C-004-0823-030

APU

C0040823030

Description

The Shops at Stratford Hills, a Class A retail strip center, presents a unique investment opportunity in Richmond, Virginia. Located at 7101 & 7045 Forest Hill Avenue in Chesterfield County (zip code 23225), this 54,500 square foot property boasts 12 suites, currently offering 11 available spaces. Built in 1995, the center provides a range of sizes, accommodating businesses needing anywhere from 1,100 square feet to a maximum contiguous space of 30,000 square feet. The property's strategic location offers excellent visibility and accessibility, benefiting from its proximity to established anchors such as Publix and Target. This presents a compelling opportunity for businesses seeking high-traffic locations within a thriving retail environment. The entire center is currently vacant, providing a blank canvas for a new tenant mix or a complete redevelopment. The property is classified as a multi-tenant strip center, ideal for a variety of retail and restaurant concepts. This is a rare chance to acquire a significant retail presence in a desirable Richmond market. The property's size and layout offer flexibility for a diverse range of tenants, making it an attractive investment for both individual businesses and larger portfolios. Contact us today to learn more about this exceptional opportunity.

• CAP approach

  CAP return

  Valuation

  6%

  $12,914,265

  6.5%

  $11,920,860

  7%

  $11,069,370

• Comparable approach

  Method

  Valuation

  Relative Method

  $16,754,644

  Geo Method

  $16,754,644

• Alternative Use

  Use

  Valuation

  Residential

  $10,055,692

  Hospitality

  $9,210,959

  Educational

  $7,663,410

  Medical

  $7,926,966

  Retail

  $11,920,860

Location Insight

City

Richmond

County

Richmond City

State

Virginia

Latitude

37.535

Longitude

-77.5259

CBSA code

40060

CBSA name

RICHMOND, VA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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