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    7 Cowardin Ave Richmond, VA 23224

    Sponsored
    For Sale
    Contact for pricing

    Prime 0.33-acre lot, 1528 SF retail building

    Property size:
    1,528 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 0.33-acre commercial property located at 7 Cowardin Ave, Richmond, VA 23224 presents a compelling investment opportunity. The 1,528 square foot retail building, constructed in 1975, sits on a corner lot at the intersection of Cowardin Avenue and Bainbridge Street, offering excellent visibility and accessibility. The property is zoned B-3, allowing for a variety of potential uses and redevelopment options. Its strategic location within a designated Opportunity Zone further enhances its investment appeal, providing potential tax advantages. The existing structure provides a solid foundation for immediate income generation or a complete redevelopment project, catering to the evolving needs of the vibrant Manchester neighborhood. The property's size and zoning provide significant flexibility for future development, making it an attractive proposition for investors seeking a prime location with substantial upside potential. This is a rare chance to acquire a well-situated commercial property in a rapidly growing area of Richmond. The 0.33-acre lot offers ample space for expansion or redevelopment, aligning perfectly with the dynamic commercial landscape of the city. This property is ready for its next chapter.

    Property Features for 7 Cowardin Ave

    General Information

    Property type
    Retail properties
    Square Feet
    1,528 SF
    Lot Size
    14,375 SF

    Building Details

    Year Built
    1975

    HighLights

    • Prime redevelopment opportunity in Manchester, VA.
    • Located in a designated Opportunity Zone.
    • Corner lot at Cowardin Ave & Bainbridge St.
    • Zoned B‑3.
    • 1,528 SF retail building on a 0.33‑acre lot.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Richmond
    County
    Richmond
    State
    Virginia
    Longitude
    -77.4484956
    Latitude
    37.5189866

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    FAQs

    What type of property is this?
    Retail property - Prime 0.33-acre lot, 1528 SF retail building
    Where is this retail property located?
    The property is located at 7 Cowardin Ave Richmond, VA.
    What are key features of this property?
    This property features: Prime redevelopment opportunity in Manchester, VA.; Located in a designated Opportunity Zone.; Corner lot at Cowardin Ave & Bainbridge St.
    (804) 346-5000
    Request Owner's contact information
    7 Cowardin Ave Richmond, VA 23224
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    Richmond, VA 23224
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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
    7 Cowardin Ave Richmond, VA 23224
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