Richmond Opportunity Zone
For Sale
Contact for pricing
706 710 712 714 Decatur St, Richmond, VA 23224
Assemblage in Richmond's Opportunity Zone, great visibility, development potential.
Property Size10,652 SF
Lot Size0.50 Acres
Days on Market807
Property Features for 706 710 712 714 Decatur St
General Information
Standard status
Active
Size
10,652 SF
Lot size
0.50 Acres
Property subtype
Office, Industrial
Zoning
B-7
Building Details
Year Built
1959
Listing Agency:
NAI Dominion
(804) 346-5000
Listed By:
Chris Hopper · License #VA
Source:
Crexi
Added: Jun 7, 2024
Changed: Aug 21
Last Checked: Aug 21 at 10:33AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of NAI Dominion
Investment Insights
Based on property information with market context.
An assemblage of properties including 706, 710, 712 and 714 Decatur Street is available for sale in historic Old Manchester, Richmond, Virginia, south of Richmond's downtown financial district. Old Manchester, designated an Opportunity Zone in 2018, is experiencing rapid growth and development, benefiting from over $400 million in investment since 2020. The revitalized submarket features cafes, restaurants, breweries, and art and music studios, along with over 1,000 new dwelling units. Its location along the south bank of the James River provides proximity to parks, hiking and biking trails, and other riverfront amenities. The Decatur Street assemblage offers visibility along Commerce Road with a traffic count of approximately 20,000 VPD. The property, home to the Lewis Supply Company since 1958, includes a main 9,102 square foot building, an additional 1,550 square foot storage building, and an approximately one-half acre fenced storage yard. The total property size is 10,652 square feet.
Key Highlights
- Located in a designated Opportunity Zone, offering potential tax benefits.
- Situated in Old Manchester, one of Richmond's fastest‑growing neighborhoods.
- Assemblage of properties with high visibility on Commerce Road (approximately 20,000 VPD).
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
924
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 23224, VA
39,468
Population
18,201
Households
2.2
Avg Household Size
33
Median Age
19%
College-Educated
80%
High-School Grad
11.6 sq mi
ZIP Area
3,402
Density / Sq Mi
$49,263
Median Household Income
$36,275
Median Earnings
$1,268
Median Rent
$189,200
Median Home Value
Market
Vacancy Rate% for Office in Richmond, VA
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Frequently Asked Questions
What type of property is this?
Flex space - Assemblage in Richmond's Opportunity Zone, great visibility, development potential.
Where is this flex space located?
The property is located at 706 710 712 714 Decatur St Richmond, VA.
What are key features of this property?
This property features: Located in a designated Opportunity Zone, offering potential tax benefits.; Situated in Old Manchester, one of Richmond's fastest‑growing neighborhoods.; Assemblage of properties with high visibility on Commerce Road (approximately 20,000 VPD).
