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    106 E Charity St Richmond, VA 23220

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    For Sale
    $199,000

    Commercial land near universities, downtown, and public transportation.

    Lot size:
    0.07 Acres

    Property Features for 106 E Charity St

    General Information

    Lot size
    0.07 Acres

    Source: S.L. Nusbaum Realty Co - Corporate Agent Nathan Shor

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

    Overview

    Land Near Universities and Downtown

    This commercial land is located near Jackson Ward, Virginia Commonwealth University (VCU) with over 28,000 enrolled students, Virginia Union University (VUU) with approximately 1,700 enrolled students, and Downtown Richmond. The property is situated on the GRTC Bus Line. Additionally, there are 14 new apartments nearby in the renovated historic St. Luke Building, formerly Maggie Walker's bank.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Restaurant Realty agency Building Supply Spa & Massage Law Firm Wholesale Shop Dental Office Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Richmond
    County
    Richmond City
    State
    Virginia
    Longitude
    -77.43463
    Latitude
    37.5512512

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    FAQs

    What type of property is this?
    Land - Commercial land near universities, downtown, and public transportation.
    Where is this land located?
    The property is located at 106 E Charity St Richmond, VA.
    What is the asking price?
    The asking price for this property is $199,000.
    What are key features of this property?
    This property features: - 14 new apartments in renovated historic St. Luke Building.; - Close proximity to Jackson Ward, VCU (28,000+ enrolled), VUU (±1,700 enrolled) & Downtown Richmond.; - Located on GRTC Bus Line.
    (804) 539-7404
    Request Owner's contact information
    106 E Charity St Richmond, VA 23220
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    Richmond, VA 23220
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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
    106 E Charity St Richmond, VA 23220
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