Office Foreclosure – Recently Renovated, Prime W. Henrico Location, Richmond, VA
Location. Location. Location. Sited at the high-visibility corner of Forest Ave and Discovery Drive, across Forest from the Henrico Doctors’ Hospital campus, this recently renovated suburban office represents a special opportunity for investors and owner occupants alike. Features include:
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Desirable Henrico County O-2 Zoning
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Forest Office Park location
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High occupancy submarket; strong area demographics
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Generous +/-3.2 acre corner parcel
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Rentable square feet: 55,289 (according to appraisal)
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257 Parking spaces (according to appraisal)
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Year Built: 1981
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Recent renovations reportedly include: new HVAC, fresh and bright common areas, updated bathrooms, plumbing, electrical and new main entrance canopy.
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Tremendous upside for this newly renovated property in a high-occupancy submarket.
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Tenants include a large pediatric/adolescent medical practice and a T-Mobile cellular transmission antenna on roof.
Henrico County Zoning Ordinance: "The purpose of the O-2 Office District is to provide lands primarily for offices, office buildings and limited retail uses that are generally compatible with medium-density residential development." Allowed uses include:
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Offices including medical, artist studios, and professional services;
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Limited retail such as financial institutions, restaurants, and drug stores;
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Childcare and adult care; and
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Hospitals.
Parcel ID#: 759-745-5902
2024 Tax Assessment: $5,337,500
2024 Annual Taxes: $46,436
Click on “ACCESS PROPERTY DOCUMENTS.” The Property Information Package contains information, including the sales contract, not available elsewhere.
VAAF423