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    1312 Main St Richmond, VA 23220

    Sponsored
    For Sale
    $1,625,000

    Prime Richmond location, multi-tenant office investment.

    Property size:
    4,640 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional investment opportunity presents a two-story, 4,640 square foot office building situated on a 0.168-acre lot in Richmond, Virginia's desirable Fan District. Built in 1916, this property boasts 13 parking spaces, a significant advantage in this highly walkable area. Currently 75% occupied, the building features a charming and functional floor plan, ideal for a mix of collaborative and private office spaces. Modern updates include updated electrical, hardwood floors, acoustic ceiling tile, and overhead lighting. Dual access points to the second floor enhance functionality. The property's UB zoning allows for a wide range of office and retail uses, and its prominent location offers excellent signage potential. This move-in ready building presents a rare combination of historic character and modern convenience, making it an outstanding investment for owner-occupants and investors alike. The address is 1312 W Main St, Richmond, VA 23220, with APN W0000451016. The asking price is $1,625,000.

    Property Features for 1312 Main St

    General Information

    Property type
    Office Properties & Spaces
    Square Feet
    4,640 SF
    Lot Size
    7,318 SF

    Building Details

    Year Built
    1916
    Buildings
    1
    Stories
    2

    HighLights

    • Ample off‑street parking available.
    • Property is move‑in ready.
    • Prime location.
    • Flexible lease terms offered.
    Property Profile Location Intelligence

    Current Use by Public Records

    Chris Carson, LCSW Social Worker Career Quest Employment Agency

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Richmond
    County
    Richmond City
    State
    Virginia
    Longitude
    -77.4575313
    Latitude
    37.5464752

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    FAQs

    What type of property is this?
    Office Property / Space - Prime Richmond location, multi-tenant office investment.
    Where is this office property / space located?
    The property is located at 1312 Main St Richmond, VA.
    What is the asking price?
    The asking price for this property is $1,625,000.
    What are key features of this property?
    This property features: Ample off-street parking available.; Property is move-in ready.; Prime location.
    (804) 266-8831
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    1312 Main St Richmond, VA 23220
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    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
    1312 Main St Richmond, VA 23220
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