Henrico, VA 23229,8401 Patterson AVE
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Henrico, VA 23229,8401 Patterson AVE
Henrico, VA 23229,8401 Patterson AVE
Henrico, VA 23229,8401 Patterson AVE
Henrico, VA 23229,8401 Patterson AVE

$1,100,000

Est. payment /mo

$1,300,000

15.4%
Est.Price: ?

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8401 Patterson AVE Henrico, VA 23229

13,923 SqFt

SOLD DATE : 07/23/2025

Key Details

Sold Price $1,100,000

Property Type Commercial

Listing Status Sold

Purchase Type For Sale

Square Footage 13,923 sqft

Price per Sqft $79

MLS Listing ID 2427401

Sold Date 07/23/25

HOA Y/N No

Year Built 1983

Property Description

Presenting 8401 Patterson Avenue, a fully leased, multi-tenant Class B office building offering over 13,000 rentable square feet in Richmond's 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 sizes—reducing vacancy exposure with the building's 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 property's 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 Richmond's 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.

Location

State VA

County Henrico

Area 22 - Henrico

Interior

Cooling Central Air

Exterior

Roof Type Built-Up

Topography Level

Building

Lot Description Level

Building Description Brick, Multi-Tenant,No Elevators

Story 2

Sewer Public Sewer

Water Public

Level or Stories Two

Structure Type Brick

Others

Tax ID 755-741-2819

Ownership Investment

Financing Conventional

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Central Virginia Regional MLS (CVR MLS)
Listed by One South Commercial LLC
Bought with NON MLS OFFICE
agent

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