Listing provided courtesy of One South Commercial LLCMLS# 2419081MLS Provider
  • 709 days on site
  • 8 views

This single-tenant, long term lease investment opportunity is a chance for an investor to buy a strong cash flow building with market annual increases. The current lease with Git The Trucking Commercial Tires, a commercial tire installation and road service company, has been in place for over a year. Prior to the current tenant, the conditioned one-story building was previously used for printing and direct mail. The highly 1-95 visible building is approximately 41, 396 sf and has three (3) loading docks, one drive-in door, two (2) levelers and 3 phase/240 V/ 3000-amp service. The sizable property contains approximately 177 parking spaces within the 3.46-acre parcel. The industrial market in the Richmond area is extremely strong as demand remains very healthy. Rental rates have grown significantly in recent prior years and are still extremely stout. Richmond is extremely well located at the intersection of 1-95 and 1- 64, making it an excellent distribution location for the entire East Coast. 3405 Commerce has a Triple Net Lease structure with tenant responsible for all real estate taxes, building insurance, utilities and maintenance. The buyer of this property will be able to secure a robust return with very little management headaches.

Source: Central Virginia Regional, MLS#: 2419081

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  • Property Type
    Commercial Sale
  • Lot
    3.46 acres

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Rolston Audain

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  • Median Age
    35
  • Population Density
    2,228
  • College Educated
    23%
  • Estimated Median Income
    $52,455
  • Estimated Total Home Owners
    8,457
  • Estimated Total Renters
    7,079
  • Owner / Renter Divide
    54% / 46%
  • Estimated Average Household Size
    3
  • Total Population
    45,455
  • Community data courtesy of LiveBy, Inc.

Owning this Home

$
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* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

Life at 3405 Commerce Road


Schools


School data courtesy of LiveBy, Inc.
Ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating. The schools displayed on this website are for informational purposes only and may not represent a complete or up-to-date list. School assignments are subject to change and should be verified directly with the local school district. Please contact the appropriate school district to confirm school zoning and enrollment eligibility for this property.

History

Date Event Value Agent
7/28/2025Source: Central Virginia Regional Added to Database
June 28, 2022
7/28/2025Source: Central Virginia Regional Status Change
Pending
7/28/2025Source: Central Virginia Regional Status Change
Closed
7/28/2025Source: Central Virginia Regional Added to Database
July 21, 2024
7/28/2025Source: Central Virginia Regional Price Reduction
$5,100,000 -3.8%

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