Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    1606 Magnolia St Richmond, VA 23222

    For Sale
    $2,125,000

    20,363 SF Warehouse, Ideal for Owner/User

    Property size:
    20,363 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional 20,363-square-foot warehouse, located at 1606 Magnolia St in Richmond, Virginia, presents a compelling investment opportunity. Built in 1953 and renovated in 1990, this single-story building sits on a 1.4-acre lot and is zoned M-1 Light, offering versatility for various industrial uses. The property boasts a 15-foot ceiling height, two loading docks, and one dock-high door, facilitating efficient operations. Its strategic location within the dynamic Richmond area provides excellent access to transportation networks and a skilled workforce. The solid foundation and adaptable layout make it suitable for expansion or redevelopment, catering to the needs of businesses seeking a versatile and spacious industrial space. This owner-user opportunity allows for significant customization and control, making it an attractive option for industrial investors seeking a strong foundation for growth and long-term success in a thriving market. The property's ample space and strategic location make it well-suited for optimizing manufacturing processes or adapting to new industrial ventures. This is a rare chance to acquire a substantial industrial property in a desirable location.

    Property Features for 1606 Magnolia St

    General Information

    Property type
    Distribution properties
    Square Feet
    20,363 SF
    Lot Size
    60,984 SF

    Building Details

    Year Built/Renovated
    1953/1990
    Buildings
    1
    Stories
    1

    HighLights

    • 20,363 SF industrial building in Richmond, VA.
    • Built in 1953, renovated in 1990.
    • M‑1 Light zoning.
    • Versatile space for various industrial uses.
    • Solid foundation, suitable for expansion or redevelopment.
    • Strategic Richmond location with excellent access to transportation.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Spectra Gutter Supply Construction Material Wholesaler

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness 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
    -77.4173722
    Latitude
    37.5640822

    Nearby Similar for Sale

    • $1,200,000
      0.14 Acres

      Historic Richmond Office Building Auction

      Iconic office building in Richmond's Central Business District.
      819 E Main St, Richmond, VA 23219
      View Details
    • $599,950
      3,356 SF

      Modern Duplex in Richmond's Northside

      Renovated duplex with strong rental potential in thriving Richmond community.
      2111 North Ave, Richmond, VA 23222
      View Details
    • $300,000
      Pending

      Renovated Quadplex Near VCU

      Updated quadplex near VCU, offering strong rental income potential.
      1209 Wallace St, Richmond, VA 23220
      View Details
    • $495,000
      2,663 SF

      Richmond Duplex Near VCU Campus

      Duplex near VCU campus, offering flexibility for owners and tenants.
      615 Idlewood Ave, Richmond, VA 23220
      View Details
    • $349,900
      3,416 SF

      Richmond Duplex on Semmes Avenue

      Over/under duplex with development potential near Semmes Avenue.
      3318 Semmes Ave, Richmond, VA 23225
      View Details
    • New
      $695,000
      Pending

      New Construction Multifamily in Richmond

      New construction duplex near downtown Richmond, completion January 2026.
      905 Bainbridge St, Richmond, VA 23224
      View Details

    FAQs

    What type of property is this?
    Distribution property - 20,363 SF Warehouse, Ideal for Owner/User
    Where is this distribution property located?
    The property is located at 1606 Magnolia St Richmond, VA.
    What is the asking price?
    The asking price for this property is $2,125,000.
    What are key features of this property?
    This property features: 20,363 SF industrial building in Richmond, VA.; Built in 1953, renovated in 1990.; M-1 Light zoning.
    Request Owner's contact information
    1606 Magnolia St Richmond, VA 23222
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1606 Magnolia St
    Richmond, VA 23222
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    1606 Magnolia St Richmond, VA 23222
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.