USAVAHenrico8401 Patterson Ave
8401 Patterson Ave | Image 1
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$1,300,000

Sold

A year ago

8401 Patterson Ave, Henrico, VA

MLS® 2427401

0 Bed

0 Bath

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  • Key Facts
  • Description
  • Map

Key Facts

Type Other
Levels Commercial Sale
Size -
Garage No
HOA Fees 
Taxes 
Approx. Age 1983
MLS® Number 2427401

Property Address: 8401 Patterson Ave, Henrico, VA, 23229-6430

Average square foot calculated using Size range provided by listing agent.

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.
MLS® Number2427401
Locker
Ensuite LaundryNo
Balcony
Furnished
Laundry Level
Exposure
Exterior
GarageNo
Approx. Age1983
Stories2
Pets

Included in Maintenance Fee

Heat
Hydro
Water
Building Insurance
Condo Taxes
Cable TV
Central Air
Parking Maintenance

Utilities

Heat
A/C
Heating Fuel

Extras

Price History

Mar 21, 2025End Date
$1,100,000Sold Price

Sold

Oct 17, 2024List Date
$1,300,000List Price
  • Commute

Commute

Starting Address
Destination Address
8401 Patterson Ave, Henrico, VA

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