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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.
| DAYS ON MARKET | 65 | LAST UPDATED | 7/8/2024 |
|---|---|---|---|
| YEAR BUILT | 1984 | COMMUNITY | 54 - Chesterfield |
| COUNTY | Chesterfield | STATUS | Active |
| PROPERTY TYPE(S) | Commercial |
| ADDITIONAL DETAILS | |
| AREA | 54 - Chesterfield |
|---|---|
| CONSTRUCTION | Brick |
| HEAT | Zoned |
| LOT | 1.004 acre(s) |
| LOT DESCRIPTION | Level |
| SEWER | Septic Tank |
| STORIES | 1 |
| WATER | Public |
| ZONING | R7 |
MORTGAGE CALCULATOR
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Last Updated: 9/7/24 7:29 PM PDT
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