0.2 mi
Distance
Presenting 8401 Patterson Avenue, a fully leased, multi-tenant Class B office building offering over 13,000 rentable square feet in Richmonds West End. This two-story colonial style office building features a highly efficient floor plan with minimal core space and a fully finished basement, maximizing rentable area for tenants while minimizing operational costs for ownership. With a strong tenant base, including several long-term tenants, the asset provides immediate stable cash flow upon acquisition, making it a valuable addition to any investment portfolio. In addition to its substantial on-site parking, the property offers flexibility for businesses with its professional layout over a range of suite sizesreducing vacancy exposure with the buildings concentration of sub-2,000 SF occupancies. Investors can also capitalize on future upside by making some light cosmetic renovations to lobbies and entryways, which would allow for rent increases in this highly desirable submarket. These enhancements, combined with the propertys history of stable performance, make it a solid investment with growth potential. Situated in the growing Western Henrico County area, 8401 Patterson Avenue benefits from its prime location near the Regency Mall redevelopment and in one of Richmonds most well-established, amenity-rich neighborhoods. Tenants and their clients enjoy access to a wide variety of retail, dining, and services in this thriving art of the Richmond MSA. This stabilized asset with strong rental history and future upside potential is an exceptional opportunity in a highly desirable commercial corridor.
- MLS# 2427401
- Date Listed09/25/2024
- Bedrooms -
- Bathrooms
- Lot Size -
- Sewer Public Sewer
- Property Type
- County Henrico
- Year Built 1983
- Water Public
Interior Features
- Cooling Central Air
Exterior / Lot Features
- Roof Built-Up
- Lot Size Acres -
- Lot Size SQFT -
- Lot Features Level
Financial Considerations
Sales & Tax History
Source: Public Records
Population & Environment
Source: Sperling's Best Places
13/100
Car-Dependent
Walk Score ®
20/100
Bikable
Bike Score ®
Overview
Almost all errands require a car. It is possible to get on a bus. Minimal bike infrastructure.Walkability averages in the surrounding area
The average walkability score in the surrounding area is Walk Score: 26/100, Transit Score: 4/100, Bike Score: 28/100.
Property Change History
Points of Interest near 8401 Patterson Avenue, Henrico, VA 23229
Frequently Asked Questions for 8401 Patterson Avenue
Source: Realty.com
8401 Patterson Avenue, Henrico, VA 23229 is a , Commercial Sale property listed for $1,300,000 The property is - sq. ft with - bedrooms and 0 bathrooms
Realty.com has 27 photos of 8401 Patterson Avenue.
Our records indicate that 8401 Patterson Avenue was built in 1983.
The full address for this home is 8401 Patterson Avenue, Henrico, VA 23229.
8401 Patterson Avenue has been listed on Realty.com since Wed September 25, 2024
Almost all errands require a car. It is possible to get on a bus. Minimal bike infrastructure.
The average walkability score in the surrounding area is Walk Score: 26/100, Transit Score: 4/100, Bike Score: 28/100.
Listing provided courtesy of:
One South Commercial Llc
(tel: 804-266-8831)
Listing agent:
Thomas Rosman
(tel: 804-539-3017)
(#48952)
This content last refreshed on 2025-12-16 01:39:48. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.
Export listing data of 8401 Patterson Avenue, Henrico, VA 23229 : MLS# 2427401
