Fully Leased Creative Office
For Sale
$5,200,000
3117 W Clay Street, Richmond, VA 23230
Renovated in 2020 and fully leased under NNN terms, with excellent parking in Richmond’s Scott’s Addition area.
Property SizeContact for details
Days on Market65
Property Features for 3117 W Clay Street
General Information
Standard status
Active
Occupancy
100%
Additional Details
Business Included
Yes
Amenities
Two
yes
2
no
42
Central Air
Elevator(s), Multi-Tenant
Flat
Public Sewer
Level
Public
Acres
City Street
Brick
Building Details
Year Built
1969
Year Renovated
2020
Stories
2
Listed By:
804 Real Estate, LLC
(804) 477-8700
Source:
804realestate.idxbroker
Added: Jul 3
Changed: Aug 25
Last Checked: Sep 5 at 3:50AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of 804 Real Estate, LLC
Investment Insights
Based on property information with market context.
This fully leased creative office property was renovated in 2020 and has been fully occupied with a stable tenant base since the renovation. Ownership indicates the leases are structured on an NNN basis, helping protect the new owner from increased cost or tax assessments.
Located in the heart of Scott’s Addition in Richmond, the property includes excellent parking, supporting convenient day-to-day access for tenants and visitors. The current ownership also notes that in-place rents may be below market for the location.
For investors seeking a turnkey, income-producing office asset, this offering combines recent renovations, ongoing occupancy, and NNN lease structure under a single ownership platform.
Located in the heart of Scott’s Addition in Richmond, the property includes excellent parking, supporting convenient day-to-day access for tenants and visitors. The current ownership also notes that in-place rents may be below market for the location.
For investors seeking a turnkey, income-producing office asset, this offering combines recent renovations, ongoing occupancy, and NNN lease structure under a single ownership platform.
Key Highlights
- Fully leased creative office building in Richmond’s Scott’s Addition
- Renovated in 2020 and has been fully occupied with a stable tenant base since
- NNN leases in place for all tenants
Property Analytics
Property Profile
Current Use
Lease Details
100%
Occupancy
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
2,021
Businesses Nearby
Explore this area
Business Placement
Demographics for 23230, VA
8,263
Population
5,066
Households
1.6
Avg Household Size
35
Median Age
52%
College-Educated
89%
High-School Grad
4.3 sq mi
ZIP Area
1,922
Density / Sq Mi
$71,189
Median Household Income
$55,121
Median Earnings
$1,608
Median Rent
$343,500
Median Home Value
Market
Vacancy Rate% for Office in Richmond, VA
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Creative space - Renovated in 2020 and fully leased under NNN terms, with excellent parking in Richmond’s Scott’s Addition area.
Where is this creative space located?
The property is located at 3117 W Clay Street Richmond, VA.
What is the asking price?
The asking price for this property is $5,200,000.
What are key features of this property?
This property features: Fully leased creative office building in Richmond’s Scott’s Addition; Renovated in 2020 and has been fully occupied with a stable tenant base since; NNN leases in place for all tenants
