11500 Midlothian TpkeRichmond, VA 23235

Property Details for 11500 Midlothian Tpke

Year built

1976

Lot size

73.78 AC

Property size (Sq ft)

109,933 SF

Zone code

C3 - COMMUNITY BUS DIST

Property type

Specialty properties

Property subtype

Other shopping centers

APN

741-70-91-43-000-000

APU

741709143000000

Description

This exceptional 1,560-square-foot retail space, formerly a successful Jimmy John's, is ideally situated within the highly sought-after Chesterfield Towne Center in Richmond, Virginia. Located at 11500 Midlothian Turnpike, this Class A property boasts excellent visibility from the high-traffic Midlothian Turnpike and Huguenot Road intersection, ensuring significant foot and vehicle traffic. The property is zoned C-3 and offers a single-tenant occupancy. The space is move-in ready and includes existing fixtures, furniture, and equipment (FF&E), although it lacks a hood and oven. Key features include a triple sink, a walk-in refrigerator, and walk-in freezers, providing ample space for food preparation and storage. This presents a rare opportunity for a restaurant or retail business seeking a prime location in a thriving commercial center. The property's history as a successful restaurant demonstrates its potential for continued success. This is a turnkey opportunity to establish or relocate your business in a high-demand area with established infrastructure and high visibility. The address is 11500 Midlothian Turnpike, Richmond, VA 23235.

• CAP approach

  CAP return

  Valuation

  6%

  $34,090,956

  6.5%

  $31,468,576

  7%

  $29,220,820

• Comparable approach

  Method

  Valuation

  Relative Method

  $46,266,976

  Geo Method

  $46,266,976

• Alternative Use

  Use

  Valuation

  Residential

  $26,544,920

  Hospitality

  $24,315,004

  Educational

  $20,229,798

  Medical

  $20,925,532

  Retail

  $31,468,576

Location Insight

City

North Chesterfield

County

Chesterfield

State

Virginia

Latitude

37.5086

Longitude

-77.6095

CBSA code

40060

CBSA name

RICHMOND, VA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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