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    629 Main St Richmond, VA 23219

    Sponsored
    For Lease
    Contact for pricing

    Prime Retail, 1,320 SF Available

    Lot size:
    125,694 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 1,320 square foot retail space is located in the vibrant heart of Richmond's Financial District at 629 E Main St, Richmond, VA 23219. Situated within the Residences at Richmond Trust, a meticulously redeveloped twelve-story building, this property offers a unique opportunity to establish a presence in a dynamic and rapidly growing area. The building itself boasts a rich history, having been thoughtfully transformed from a former office building into a mixed-use development featuring 188 unique apartments and extensive common area amenities. This prime retail space is part of a larger revitalization project, ensuring high visibility and foot traffic. The space is currently vacant and ready for immediate occupancy, providing flexibility for a variety of retail uses. With a total building size of 125,694 square feet and only one commercial suite available, this presents a rare chance to secure a prominent location in a thriving urban environment. The property is located in Richmond city, Virginia, offering easy access to major transportation routes and a diverse customer base. This is an ideal opportunity for businesses seeking a high-profile location within a revitalized landmark building. The space's size and location within a mixed-use development provide a unique opportunity to reach a broad customer base.

    Property Features for 629 Main St

    General Information

    Property type
    Retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    125,694 SF

    Unit(s) available at that property

    Space
    Space Available
    Size
    1,320 SF

    HighLights

    • 1,320 SF of commercial space available for lease.
    • High‑visibility corner location at 7th and Main Street.
    • Perfect for a café.
    • Move‑in ready space with two restrooms and warm shell finish.
    Property Profile Location Intelligence

    Current Use by Public Records

    Residences at Richmond Trust Condominium Rental Agency Air Operations Division Department Of Transportation Water Control Board Environmental Health Service Waste Operations Department Environmental Health 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 city
    State
    Virginia
    Longitude
    -77.4384872
    Latitude
    37.5391524

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    FAQs

    What type of property is this?
    Retail property - Prime Retail, 1,320 SF Available
    Where is this retail property located?
    The property is located at 629 Main St Richmond, VA.
    What are key features of this property?
    This property features: 1,320 SF of commercial space available for lease.; High-visibility corner location at 7th and Main Street.; Perfect for a café.
    Request Owner's contact information
    629 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
    629 Main St Richmond, VA 23219
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