Building Details

Building Size 8,036 SF

Year Built 1870

Listing Agency: Weichert Brockwell & Associate Show Phone

Listed By: John Brockwell · License #0225101621 Show Phone

Source: Colerealestateinc

Added: Apr 22, 2024 Changed: Oct 23 Last Checked: Oct 23 at 4:59PM

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Investment Insights

Based on property information with market context.

The 8,036-square-foot restaurant property at 1316 E Cary in Richmond was built in 1870 and is zoned B5. The space was previously occupied by Citi Dogs.

Located in Richmond’s Shockoe Slip, the property is offered for rent.

Key Highlights

• 8,036 square feet of restaurant space
• B5 zoning
• Built in 1870

Property Analytics

Current Use

Conventional restaurants

Suggested Use

Top Pick HVAC Service Plumbing Service Auto Parts Store Storage Facility Pet Grooming Service (Bike/Boat/Book/etc) Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)

Lease Type

$0.63 /SF/Yr

CAM

Location Intelligence

Trade Area within ½ mile

1,825

Businesses Nearby

Under-served

Demand for This Use

Explore this area Business Placement

Demographics for 23219, VA

5,307

Population

3,488

Households

1.5

Avg Household Size

29

Median Age

62%

College-Educated

91%

High-School Grad

1.3 sq mi

ZIP Area

4,082

Density / Sq Mi

$62,533

Median Household Income

$46,509

Median Earnings

$1,439

Median Rent

$287,500

Median Home Value

Market

Vacancy Rate% for Retail in Richmond, VA

6.9% 2019

7.5% 2020

7% 2021

5.2% 2022

4.2% 2023

4.9% 2024

5.7% 2025

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Frequently Asked Questions

What type of property is this?

Conventional restaurant - Restaurant space in Richmond’s Shockoe Slip, with B5 zoning.

Where is this conventional restaurant located?

The property is located at 1316 E Cary Richmond, VA.

What is the lease rate?

The lease rate is $2,800/Mo.

What are key features of this property?

This property features: 8,036 square feet of restaurant space; B5 zoning; Built in 1870