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    507 East Main St Richmond, VA 23219

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    For Lease
    Contact for pricing

    Retail space in luxury apartment complex with high foot traffic.

    Property size:
    776 SF
    Lot size:
    776 SF

    Property Features for 507 East Main St

    General Information

    Size
    776 SF

    Source: Pam Strieffler Agent Pam Strieffler

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

    Overview

    Downtown Richmond Retail Space Available

    Located in the heart of Downtown Richmond, this retail space is situated within the new Centennial Terrace luxury apartment complex. The available suite, totaling 776 square feet, offers excellent visibility on Main Street. The property benefits from high foot traffic due to its proximity to grocery stores, coffee shops, shopping destinations, and parks. Several hotels are within walking distance, providing additional tourism traffic. The location is also near Virginia Commonwealth University and the Medical College of Virginia (MCV). The retail space at 507 E Main Street is available immediately with all new MEPS. Enterprise Zone incentives are available for this location, making it an ideal opportunity for a restaurant or other gourmet options.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Thurman Funeral Home Funeral Home POP Up SUITES Cafe Centennial Terrace Apartment Building

    Suggested Use

    Realty agency Spa & Massage Restaurant Hair Salon Dental Office Nail Salon Building Supply Clothing Store Gym & Fitness Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Richmond
    County
    Richmond City
    State
    Virginia
    Longitude
    -77.4397172
    Latitude
    37.5401185

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    FAQs

    What type of property is this?
    Retail space - Retail space in luxury apartment complex with high foot traffic.
    Where is this retail space located?
    The property is located at 507 East Main St Richmond, VA.
    What are key features of this property?
    This property features: - High volume foot traffic in Downtown Richmond.; - Excellent visibility on Main Street.; - Located in close proximity to Virginia Commonwealth University (VCU) and Medical College of Virginia (MCV).
    (804) 201-2026
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    Richmond, VA 23219
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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
    507 East Main St Richmond, VA 23219
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