Freestanding Retail Space in
For Lease
Contact for pricing
7 E 16th St, Richmond, VA 23224
Single-story retail space with land development opportunity in Richmond.
Space Size8,779 SF
Lot Size0.59 Acres
Days on Market809
Property Features for 7 E 16th St
General Information
Standard status
Active
Size
8,779 SF
Class
B
Total Parking Spaces
45
Lot size
0.59 Acres
Property subtype
Retail, Special Purpose
Lease Type
NNN
Building Details
Building Size
8,779 SF
Year Built
1939
Tenancy
Single
Spaces For Lease
at 7 E 16th St Contact us- Size
- 8,779 SF
- Type
- Retail, Special Purpose
- Lease Type
- NNN
- Availability
- Active
Available Space
Listing Agency:
Realty Hub
Listed By:
Alan Waserstein · License #0438224
(786) 703-1731
Source:
Crexi
Added: Jun 17, 2024
Changed: Aug 25
Last Checked: Aug 30 at 9:17PM
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 Realty Hub
Investment Insights
Based on property information with market context.
This freestanding, single-story retail space in Richmond presents a retail lease opportunity with potential for land development. The property features approximately 8,779 square feet of total space. Originally built in 1939 and renovated in 2000 for Family Dollar, the property has been well-maintained. It includes 132 feet of frontage on E 16th St and approximately 45 parking spots. Situated on a 0.59-acre lot zoned B-2 Commercial in a busy commercial district, the location offers exposure and accessibility. The space is suitable for various retail purposes. Family Dollar operated at this location for over 15 years before closing due to restructuring. The property owners are willing to subdivide the space.
Key Highlights
- Land development opportunity on a 0.59‑acre lot zoned B‑2 Commercial.
- Prime retail location with 132 feet of frontage on E 16th St. in a busy commercial district.
- +/- 8,779 square feet of total retail space.
Property Analytics
Property Profile
Current Use
Lease Details
NNN (Triple Net)
Lease Type
$1.50 /SF/Yr
CAM
Location Intelligence
Trade Area within ½ mile
1,032
Businesses Nearby
Under-served
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 Retail in Richmond, VA
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Frequently Asked Questions
What type of property is this?
Storefront property - Single-story retail space with land development opportunity in Richmond.
Where is this storefront property located?
The property is located at 7 E 16th St Richmond, VA.
What is the lease rate?
The lease rate is $10 SF/Yr.
What are key features of this property?
This property features: Land development opportunity on a 0.59‑acre lot zoned B‑2 Commercial.; Prime retail location with **132 feet of frontage on E 16th St.** in a busy commercial district.; +/- 8,779 square feet of total retail space.
