$ 1,150,000
11300 Iron Bridge RD Chester, VA 23831
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$ 1,150,000
Est. payment /mo
Active
11300 Iron Bridge RD Chester, VA 23831
6,120 SqFt
UPDATED:
10/23/2024 05:30 PM
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 6,120 sqft
Price per Sqft $187
MLS Listing ID 2417627
Construction Status Actual
HOA Y/N No
Year Built 1984
Lot Size 1.004 Acres
Acres 1.004
Property Description
Introducing 11300 Iron Bridge Road, a strategically located commercial property in Chester, VA, boasting 6,120 sq. ft. of space on highly traveled Route 10 (25,000 ADT). This versatile property offers 1,056 to 1,876 sq. ft. for immediate owner-user occupancy, with potential to expand to the full building use over time or keep income-generating units. The parcel includes additional land at the rear that can be developed, providing an opportunity to create new building frontage facing Iron Bridge Road. The building's interior is easily reconfigurable, as all walls are non-load bearing, allowing for flexible use and layout adjustments. Currently generating over $73,000 annually from current tenants including Chesterfield County, Midpoint Chiropractic, Peds First Healthcare, and Hi Tech Dental Lab, this opportunity presents a desirable owner-user investment opportunity with current below-market rental rates poised for future re-negotiation. Recent capital improvements include a new HVAC unit for Suite E, PVC flat roof membrane, mansard roof shingles, and a freshly repaired, sealed, and re-striped parking lot, ensuring operational efficiency and curb appeal. Positioned amidst major upcoming developments like Courthouse Landing and Attain at Swift Creek Apartments, and in proximity to I-95 and I-288, the property offers unparalleled accessibility to retail and residential hubs. Ideal for office and medical users looking for a prime location in the Route 10 corridor while also enjoying income generation from stabilized tenants. This property promises both immediate utility and long-term growth potential in Chester, VA's burgeoning commercial landscape.
Location
State VA
County Chesterfield
Area 54 - Chesterfield
Interior
Heating Zoned
Exterior
Roof Type Flat,Other,Shingle
Topography Level
Handicap Access Accessibility Features
Building
Lot Description Level
Building Description Brick, Multi-Tenant,No Elevators
Story 1
Sewer Septic Tank
Water Public
Level or Stories One
Structure Type Brick
Construction Status Actual
Others
Tax ID 773-65-68-03-600-000
Ownership ,Investment,Owner-User
Listed by Real Broker LLC