PhilRussell
MLS#2619335
STATUSActive
PROPERTY TYPECommercial - Business
Property Description
Discover a prime investment opportunity in the heart of Warsaw, Virginia! This meticulously renovated 12,600 sq. ft. strip center, situated on a 1.31-acre parcel. Listed at $1,875,000 with an attractive 7.75% cap rate, this fully occupied commercial property boasts long-term leases, ensuring immediate cash flow and stability for investors. Property Highlights: - Size & Layout: 12,600 sq. ft. strip center, fully leased with established tenants. - Land: (1.31-acre main parcel + 1.52-acre adjacent parcel available for future development). - Renovations: Completely updated with modern finishes, most HVAC units replaced, and a new roof for low maintenance. - Investment Potential: Strong 7.75% cap rate with long-term leases in place for consistent cash flow, plus the adjacent parcel offers development potential for additional income streams. - Location: Strategically located in Warsaw, VA, with excellent visibility and accessibility. This turnkey property is ideal for investors seeking immediate returns with the added bonus of future development opportunities. Don't miss out on this rare chance to own a high-performing asset with multiple revenue streams.
Property Features
Property Type: Commercial - Business
Cooling: Central Air
Lot Size: 1.31 Acres
Roof Type: Flat
Stories: 1.0
Year Built: 1970
Amenities
Other
Feature Descriptions
Building Features: Multi-Tenant, No Elevators
Fencing: None
Lot: Level
Parcel#: 16A1(4)A1
Sewer: Public Sewer
Topography: Level
Water: Public
Listed By / Shown By
Listed By
Agency Name: Real Broker LLC
Agency Contact: membership@therealbrokerage.com
Shown By
Agent Name: Phil Russell
Agent Phone: Cell: (804) 495-9914
Agency Title: Joyner Fine Properties
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5061 Richmond Road | MLS# 2619335
This commercial property located at 5061 Richmond Road , Warsaw, VA 22572 is currently listed for sale with an asking price of $1,875,000. Search Warsaw real estate on www.philrussellrealtor.com today.