Henrico County shopping center sells for $1.7 million
The Raceway Plaza Shopping Center at 500 East Laburnum Ave. in Henrico has sold for $1.7 million dollars to a local church.
Sharon Baptist Church purchased the 26,953-square-foot neighborhood center, which is situated on 2.5 acres. Current tenants include Raceway Dialysis and Brothers Rent-to-Own. According to S.L. Nusbaum Realty Co., which helped broker the sale, the church plans to occupy 14,000 square feet at the center.
Nusbaum’s Nathan Shor represented the seller, WB Enterprises, while Stanford Appleman of Keller Williams Realty represented the buyer.