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    1006 25Th St Richmond, VA 23223

    Sponsored
    For Sale
    $485,000

    Prime Union Hill location, 0.183 acres, high visibility.

    Property size:
    993 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 0.183-acre commercial land parcel presents a remarkable infill development opportunity in Richmond's vibrant Union Hill neighborhood. Located at 1006-1008 N 25th St, this property boasts a desirable mixed-use zoning designation, allowing for diverse development options. The site offers an impressive total of 993 square feet and is priced at $485,000, or $488.42 per square foot. Its strategic corner lot position provides exceptional visibility and accessibility, with over 154 feet of frontage along both Venable Street and N 25th Street. This high-traffic area ensures significant exposure for any future development. The property's location within the up-and-coming Union Hill neighborhood offers a compelling investment opportunity, capitalizing on the area's ongoing growth and revitalization. This is an ideal site for entrepreneurs and developers seeking a prime location to build a thriving business or residential project. The property's zoning allows for a variety of uses, making it a versatile and attractive investment. Don't miss this chance to acquire a highly visible and strategically located parcel in a rapidly developing area of Richmond, Virginia. The address is 1006-1008 N 25th St, Richmond, VA 23223.

    Property Features for 1006 25Th St

    General Information

    Property type
    Retail properties
    Square Feet
    993 SF
    Lot Size
    7,971 SF

    HighLights

    • Corner lot in Richmond's Union Hill neighborhood.
    • High visibility due to 154+ feet of frontage on Venable Street and N 25th Street.
    • Located in an up‑and‑coming neighborhood experiencing significant growth.
    • Mixed‑use zoning allows for diverse development options.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Richmond
    County
    Garfield
    State
    Virginia
    Longitude
    -77.412768858921
    Latitude
    37.538028755593

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    FAQs

    What type of property is this?
    Retail property - Prime Union Hill location, 0.183 acres, high visibility.
    Where is this retail property located?
    The property is located at 1006 25Th St Richmond, VA.
    What is the asking price?
    The asking price for this property is $485,000.
    What are key features of this property?
    This property features: Corner lot in Richmond's Union Hill neighborhood.; High visibility due to 154+ feet of frontage on Venable Street and N 25th Street.; Located in an up-and-coming neighborhood experiencing significant growth.
    Request Owner's contact information
    1006 25Th St Richmond, VA 23223
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    Richmond, VA 23223
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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
    1006 25Th St Richmond, VA 23223
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