1603 Ownby Ln Richmond, VA 23220
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31,300 SF Warehouse, Prime Location
Property size:
31,300 SFProperty 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
Listing Agency: S.L. Nusbaum Listing Agent: Reid Cardon
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
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
Location Insight
- Map
- Local Demand
- City
- Richmond
- County
- Richmond
- State
- Virginia
- Longitude
- -77.457467995213
- Latitude
- 37.562064366564
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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.
