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$ 1,850
8,885 SqFt
$ 1,850
8,885 SqFt
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Rent
Square Footage 8,885 sqft
MLS Listing ID 2501672
HOA Y/N No
Year Built 1980
Lot Size 0.532 Acres
Acres 0.532
Property Description
Nestled in the vibrant heart of the Virginia Union University (VUU) area and within a mile of the transformative Diamond District redevelopment project, Northumberland Avenue offers an exceptional opportunity for businesses seeking visibility and growth in a rapidly redeveloping neighborhood. This neighborhood strip center features two retail spaces, offering 1,100 - 1,500 rentable square feet, and a second-floor office suite with 2,577 rentable square feet. Surrounded by residential housing and poised to benefit from the influx of new apartment complexes, this property is ideal for destination services and businesses requiring signage visibility. The asking rates may include Tenant Improvement Allowances for qualifying tenants with proven business success over the past three years, supported by profit and loss statements and other credit checks. Ample parking along N. Lombardy Street and Northumberland Avenue enhances accessibility, while upcoming improvements, including roof and parking lot upgrades, landscaping, and lighting enhancements, add to the property's appeal. Recent updates include a replaced flat roof, upgraded backstreet parking and lighting, new gutters with improved drainage, rear building painting, and the addition of a cement patio to the prospective end-cap 1,100 rsf restaurant space. Monument signage on N. Lombardy Street offers an excellent branding opportunity, and B-3 General Business District zoning supports a wide range of retail and service uses. The actual sizes of the units may vary slightly from what is listed and will be updated when correct data is received. NNN data is estimated and will be updated when applicable.
Location
State VA
County Richmond City
Area 30 - Richmond
Interior
Heating Zoned
Exterior
Roof Type Flat
Topography Level
Total Parking Spaces 28
Building
Lot Description Conservation Area, Level
Building Description Brick, No Elevators
Story 2
Sewer Public Sewer
Water Public
Level or Stories Two
Structure Type Brick
Others
Tax ID N000-0684-010
Listed by Real Broker LLC
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