7900 Osborne Turnpike Richmond VA 23231 is a mixed-use property located in the east end of Richmond. The property has a total area of 9.2 acres and includes a commercial building and a residential house. It is conveniently located near Interstate 64 and Interstate 295, which provides easy access to other parts of the city and the state.
The Commercial Building
The commercial building is a one-story brick building with a total area of 6,000 square feet. It is currently leased to a convenience store and a restaurant. The convenience store occupies 4,000 square feet of the building, and the restaurant occupies the remaining 2,000 square feet. Both tenants have been at the property for several years and have a good rental history.
The convenience store sells groceries, snacks, and other household items. It also has a deli and a small seating area where customers can eat. The restaurant serves breakfast, lunch, and dinner and has a seating capacity of 75 people. It offers a variety of dishes, including burgers, sandwiches, salads, and seafood.
The commercial building has ample parking space for customers, and it is easily visible from the road. It is an excellent investment opportunity for investors who are looking for a commercial property with stable rental income.
The Residential House
The residential house is a two-story brick house with a total area of 2,500 square feet. It has four bedrooms, two and a half bathrooms, a living room, a dining room, a kitchen, and a garage. The house sits on a 1-acre lot and has a large backyard.
The house is currently vacant and needs some repairs and updates. However, once it is renovated, it can be rented out or sold for a profit. It is an excellent opportunity for investors who are looking for a residential property in a quiet and peaceful neighborhood.
The Neighborhood
The property is located in the east end of Richmond, which is known for its quiet and peaceful neighborhoods. The area is primarily residential, but there are several commercial properties nearby, including shopping centers, restaurants, and grocery stores.
The property is located near several schools, including Mehfoud Elementary School, Rolfe Middle School, and Varina High School. It is also located near several parks, including Dorey Park and the Capital Trail. These parks offer various recreational activities, including hiking, biking, and fishing.
Conclusion
7900 Osborne Turnpike Richmond VA 23231 is an excellent investment opportunity for investors who are looking for a mixed-use property in a quiet and peaceful neighborhood. The commercial building provides stable rental income, while the residential house offers the potential for rental income or profit from resale. The property is conveniently located near major highways, schools, and parks, making it an ideal location for tenants or buyers.