21
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$1,150,000
Est. payment /mo
6,120 SqFt
Active
11300 Iron Bridge RD Chester, VA 23831
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UPDATED:
12/05/2024 03:38 PM
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 6,120 sqft
Price per Sqft $187
MLS Listing ID 2417627
Construction Status Actual
HOA Y/N No
Year Built 1984
Lot Size 1.004 Acres
Acres 1.004
Property Description
Now For Sale and For Lease! 11300 Iron Bridge Road, a strategically located commercial property in Chester, VA, boasting 6,120 sq. ft. of space on highly traveled Iron Bridge Rd (Route 10 - 25,000 ADT). This versatile property offers 820 to 3066 sq. ft. for immediate owner-user occupancy, with potential to expand to the full building use over time or sustaining 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. Current tenants include Chesterfield County (Suite A) and Hi Tech Dental Lab (Suite E). This opportunity presents a desirable owner-user investment opportunity with current below-market rental rates poised for future re-negotiation. Suites B, C and D are currently available for lease at $20/rsf gross + utilities. Maximum available space for lease or owner-user occupancy represents 51% of the property (an additional ~104rsf common entrance can be added to GLA). Recent capital improvements include a new HVAC unit for Suite E, 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.
Location
State VA
County Chesterfield
Area 54 - Chesterfield
Interior
Heating Zoned
Exterior
Roof Type Flat,Other,Shingle
Topography Level
Handicap Access Accessibility Features
Building
Lot Description Level
Building Description Brick, Multi-Tenant,No Elevators
Story 1
Sewer Septic Tank
Water Public
Level or Stories One
Structure Type Brick
Construction Status Actual
Others
Tax ID 773-65-68-03-600-000
Ownership Investment,Owner-User
Listed by Real Broker LLC
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