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    1606 Magnolia St Richmond, VA 23222

    For Sale
    $2,125,000

    20,363 SF industrial building in Richmond, renovated in 1990.

    Property size:
    20,363 SF

    Property Features for 1606 Magnolia St

    General Information

    Size
    20,363 SF

    Building Details

    Year built
    1953

    Source: Dennis Shubert Agent Dennis Shubert

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Versatile Industrial Building in Richmond

    This 20,363 SF industrial building presents a prime opportunity for industrial and manufacturing investors. Constructed in 1953 and renovated in 1990, the property offers a solid foundation for expansion or redevelopment. Zoned M-1 LIGHT, it provides flexibility for industrial pursuits and is strategically situated within the dynamic Richmond area. The property offers versatile space suitable for varied industrial uses, ample space for manufacturing operations, and an adaptable layout for industrial ventures. It is an ideal canvas for optimizing manufacturing processes and is well-suited for new industrial pursuits. The property is located in Richmond's historic Northside district, near Lewis Ginter Botanical Garden and Chimborazo Park, with local eateries such as The Mill on MacArthur and The Luncheonette nearby. The location's proximity to major roadways and the downtown area enhances its appeal.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Spectra Gutter Supply Construction Material Wholesaler

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Richmond
    County
    Richmond City
    State
    Virginia
    Longitude
    -77.417388
    Latitude
    37.5640018

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    FAQs

    What type of property is this?
    Manufacturing property - 20,363 SF industrial building in Richmond, renovated in 1990.
    Where is this manufacturing property located?
    The property is located at 1606 Magnolia St Richmond, VA.
    What is the asking price?
    The asking price for this property is $2,125,000.
    What are key features of this property?
    This property features: - 20,363 SF industrial building offering ample space.; - Zoned M-1 LIGHT, providing flexibility.; - Strategic location in the Richmond area.
    (804) 801-6597
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    1606 Magnolia St Richmond, VA 23222
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1606 Magnolia St Richmond, VA 23222
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