JLL and The Man With Square Feet are pleased to exclusively present a prime investment offering on Ten-X to acquire a vacant bank in the Richmond, Virginia, MSA with strong operational upside through lease-up and development of excess land. 7300 Jefferson Davis Highway was constructed in 1969 on a spacious 1.22-acre lot with flexible C-3 commercial zoning. The property totals 2,250 square feet and has five drive-thru lanes, pylon signage visible from Jefferson Davis Highway/Route 1, and approximately 27 surface-level parking spaces, including two ADA parking spaces, for employees and patrons. The interior comprises a mix of tile and carpeted flooring, multiple private offices with ample windows for natural light, and standard bank features, including an expansive teller desk, a drive-thru office, and a vault. There is strong value-add through the lease-up of the existing asset, and further value can be found through the development of the roughly 0.50-acre adjacent land on the same parcel. This adjacent land is development-ready and has existing curb cuts on Taw Street, Bensley Commons Boulevard, and Jefferson Davis Highway.

7300 Jefferson Davis Highway has a strong location along a primary thoroughfare and main retail corridor, and the property benefits from proximity to synergistic tenants like Arby's, Bojangles, Family Dollar, Jade Garden, and Mi Pueblito Pizzeria & Restaurant, 301 Seafood, and more. The property has excellent visibility and exposure to over 20,000 vehicles passing by daily on Jefferson Davis Highway. This part of North Chesterfield has seen numerous new developments, including Winchester Greens, a 240-unit mix of townhouses and garden-style apartments, Market Village, a 69-unit senior-living complex, Market Woods, a 60-unit senior-living complex, Market Square, a 105-unit senior-living complex, and Winchester Forest, a 160-unit senior-living complex. All of these are fully leased and would provide a consistent consumer pool within walking distance.

7300 Jefferson Davis Highway is well-positioned in Northern Chesterfield, just below Richmond city limits. The 5-mile radius is home to a growing population north of 107,700, with an expected increase to over 116,000 by 2029. The 5-mile population has a solid average household income above $74,000 with over $1.1 billion in total specified consumer spending. Additionally, large swaths of talented, young professionals continue to relocate to the Richmond metro area, and this growing workforce will provide optionality to a new owner when deciding the future of this asset.

7300 Jefferson Davis Highway is a fantastic investment opportunity with a highly accessible location and multiple avenues for strong value-add.