Retail in Richmond, VA — Lease in Richmond, VA

  • Price: Contact for price
  • Listing type: For lease
  • Asset type: Retail Business
  • Location: Richmond, VA 23234

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Description

Former QSR For Sublease Positioned along heavily traveled Jefferson Davis Highway (Richmond Highway), 4504 Jefferson Davis Highway offers a highly visible freestanding retail opportunity in Richmond's established Southside trade area. The property is improved with approximately 2,528 square feet built in 1985 that sits on approximately 0.86 acres, providing ample parking, access and site circulation. The location benefits from excellent frontage and exposure along one of Richmond's primary commercial corridors, serving both local residents and commuter traffic traveling between the City of Richmond, Chesterfield County and the I-95 corridor. The surrounding area features a mix of national retailers, local businesses, residential neighborhoods and service-oriented commercial uses that support consistent daily traffic and customer activity. This sublease opportunity is well suited for restaurant, quick-service restaurant (QSR), retail, service retail or other consumer-oriented uses seeking strong visibility and convenient access in a proven retail corridor. The generous site size provides flexibility for customer parking, pick-up operations, and potential outdoor service components subject to landlord and municipal approvals.

Market Context

This retail in Richmond, VA is listed for lease. Compare it against other retail listings for lease in Richmond, VA — view the full market.

As of Q2 2026, the Richmond retail market showed a 3.6% vacancy rate, and average asking rents near $19.71/SF/yr. Source: Cushman & Wakefield Q2 2026 market report.

Tight vacancy keeps competition for quality space elevated.

Retail market FAQ

Is the Richmond retail market tightening or softening?
Vacancy is around 3.6% (Q2 2026).

Estimated Market Rate

$1.34/SF/mo – $1.82/SF/mo

Mid: $1.58/SF/mo

Based on comparable properties in similar markets rather than local sales.

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