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    306 Main St Richmond, VA 23219

    Sponsored
    For Sale
    $1,400,000

    7,500 SF Class A Office Building, $1.4M

    Property size:
    7,500 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional Class A office building, located at 306 E Main Street in Richmond, Virginia, presents a unique investment opportunity. The 7,500 square foot property, situated in the Enterprise Zone, boasts a desirable multi-tenancy setup, perfect for generating strong rental income. The building, a two-story painted brick structure, underwent a complete renovation in 2016, including a new roof with a 20-year warranty. The interior features exposed brick, hardwood floors, and other high-end finishes ideal for creative office spaces. The building also includes a finished basement, providing additional usable space, and a rooftop deck offering stunning city views. The asking price is $1,400,000, translating to a price per square foot of $186.67. The property is listed as a Net-Net-Net (NNN) lease, meaning tenants are responsible for property taxes, insurance, and maintenance. This prime location in Downtown Richmond, with its vibrant atmosphere and convenient access to amenities, ensures strong tenant demand and long-term investment potential. The zip code is 23219.

    Property Features for 306 Main St

    General Information

    Property type
    Office space
    Square Feet
    7,500 SF
    Class
    A

    Building Details

    Year Renovated
    2016
    Stories
    2

    HighLights

    • Located in the Richmond, VA Enterprise Zone.
    • New roof installed in 2016 with a 20‑year warranty.
    • Two‑story painted brick building; features a finished basement and rooftop deck.
    • High‑end finishes including exposed brick and hardwood floors, ideal for creative office tenants.
    Property Profile Location Intelligence

    Current Use by Public Records

    DPS GreenPay Bookkeeping Service AdLinea LLC Internet Marketing Service Beatties Snow Removal ... Snow Removal Service

    Suggested Use

    Realty agency Spa & Massage Restaurant Hair Salon Dental Office Nail Salon Building Supply Clothing Store Gym & Fitness Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Richmond
    County
    Richmond
    State
    Virginia
    Longitude
    -77.44131367
    Latitude
    37.54119644

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    FAQs

    What type of property is this?
    Office space - 7,500 SF Class A Office Building, $1.4M
    Where is this office space located?
    The property is located at 306 Main St Richmond, VA.
    What is the asking price?
    The asking price for this property is $1,400,000.
    What are key features of this property?
    This property features: Located in the Richmond, VA Enterprise Zone.; New roof installed in 2016 with a 20-year warranty.; Two-story painted brick building; features a finished basement and rooftop deck.
    Request Owner's contact information
    306 Main St Richmond, VA 23219
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    Richmond, VA 23219
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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
    306 Main St Richmond, VA 23219
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