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1603 Ownby Ln Richmond, VA 23220

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31,300 SF Warehouse, Prime Location

Property size:
31,300 SF

Property Features for 1603 Ownby Ln

General Information

Property type
Distribution centers
Square Feet
31,300 SF
Lot Size
169,405 SF

Building Details

Year Built
1985

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Listing Contact
Reid Cardon
Reid Cardon

Listing Agency: S.L. Nusbaum Listing Agent: Reid Cardon

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

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Property Insight Report

Overview

This exceptional 31,300 square foot warehouse property, located at 1603 Ownby Ln in Richmond, Virginia, presents a unique investment opportunity. Built in 1985, this masonry structure sits on a 3.889-acre lot and boasts two convenient loading docks. The asking price is $7,200,000, translating to $230.03 per square foot. The property is zoned B-7, offering versatile development potential, including multi-family, office, hotel, warehouse, and distribution uses. Its strategic location within the burgeoning Diamond District places it within walking distance of Scott's Addition and offers significant upside potential. Nearby amenities include the Park RVA Entertainment Center and the soon-to-be-constructed VCU Athletic Village and new baseball stadium (construction commencing in 2024). The Diamond District's planned expansion includes a substantial addition of residential units (1,100 multi-family units), a 180-room hotel, office space, and 58,000 square feet of retail space. Further enhancing the property's value is the recent construction of new condo and multi-family developments directly across the street. This warehouse represents a rare opportunity to acquire a significant asset in a rapidly developing and highly desirable area of Richmond. The property's zoning and location make it ideally suited for a variety of uses, promising strong returns for the discerning investor.
Property Profile Insight Report Location Intelligence

Current Use by Public Records

Cirrus Vodka Bar & Pub Main Line Brewery Production Facility Fuel Purification Llc Gas Station Tiffany’s Smokehouse Restaurant

Suggested Use

Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

Location Insight

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  • Local Demand
City
Richmond
County
Richmond
State
Virginia
Longitude
-77.457467995213
Latitude
37.562064366564

FAQs

What type of property is this?
Distribution center - 31,300 SF Warehouse, Prime Location
Where is this distribution center located?
The property is located at 1603 Ownby Ln Richmond, VA.
What is the asking price?
The asking price for this property is $7,200,000.
What are key features of this property?
This property features: B-7 zoning permits multi-family, office, hotel, warehouse, and distribution uses.; New VCU Athletic Village and baseball stadium commencing construction in 2024.; The Diamond District will feature a 180-room hotel, 1,100 multi-family units, office space, and 58,000 SF of retail.
(757) 627-8611 Call to check price and availability
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