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    1431 Main St Richmond, VA 23220

    Sponsored
    For Lease
    $22 SF/Yr ($4,869 /Mo)

    Historic 2-Story Office, Prime Location

    Lot size:
    2,656 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 2,656 square foot standalone office building presents a rare opportunity in Richmond's desirable Fan District. Located at 1431 W Main St, this two-story, 1900-built property boasts a charming and functional layout, perfect for a variety of office uses. The building features modern updates including updated electrical, track lighting, acoustic ceiling tiles, and built-in bookshelves, all while retaining its historic character. The flexible floor plan allows for both collaborative open spaces and private offices, catering to diverse business needs. Enjoy dual access points and a generous rear yard. Off-street parking potential is also available. Situated just steps from VCU's campus in the Uptown district, this highly visible location offers excellent signage potential and benefits from the property's UB (Urban Business) zoning, allowing for a wide range of uses, including retail. The 0.08-acre lot provides ample space. This move-in ready property is a truly unique offering in a vibrant and walkable neighborhood. The building's APN is W0000523003.

    Property Features for 1431 Main St

    General Information

    Property type
    Office Properties & Spaces
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    2,656 SF
    Total Rate
    4869.33

    Building Details

    Year Built
    1900
    Buildings
    1
    Stories
    2

    Unit(s) available at that property

    Space
    Size
    2,656 SF
    Rate per SF
    $22

    HighLights

    • Prime location in the highly walkable Fan District.
    • Versatile floor plan featuring private offices and open collaborative areas.
    • Convenient off‑street parking included.
    Property Profile Location Intelligence

    Current Use by Public Records

    Viridiant Association / Organization

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Richmond
    County
    Richmond City
    State
    Virginia
    Longitude
    -77.4595087
    Latitude
    37.5467205

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    FAQs

    What type of property is this?
    Office Property / Space - Historic 2-Story Office, Prime Location
    Where is this office property / space located?
    The property is located at 1431 Main St Richmond, VA.
    What is the lease rate?
    The lease rate is $22 SF/Yr.
    What are key features of this property?
    This property features: Prime location in the highly walkable Fan District.; Versatile floor plan featuring private offices and open collaborative areas.; Convenient off-street parking included.
    Request Owner's contact information
    1431 Main 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
    1431 Main St Richmond, VA 23220
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