For Sale
  • For Sale
  • For Lease
  • Recently Sold
  • Property Lookup
  • Brokers

1603 Ownby Ln Richmond, VA 23220

Sponsored
For Sale
$7,200,000

31,300 SF Warehouse, Prime Location

Property size:
31,300 SF

Description

Added:
Dec 11, 2024
Days on Market:
392
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 Features for 1603 Ownby Ln

General Information

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

Building Details

Year Built
1985

HighLights

  • 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.
  • New multi‑family and condo development directly across the street.
  • Proximity to Park RVA Entertainment Center.
  • Masonry building with two loading docks.
Property Profile Location Intelligence

Current Use by Public Records

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

Suggested Use

Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

Location Insight

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

FAQs

What type of property is this?
Distribution property - 31,300 SF Warehouse, Prime Location
Where is this distribution property 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.
More about this property
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