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    1201 Arthur Ashe Blvd Richmond, VA 23230

    Sponsored
    For Lease
    Contact for pricing

    Prime Richmond Retail, Multiple Spaces Available

    Lot size:
    300,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This Class A retail property, located at 1201 N Arthur Ashe Blvd in Richmond, Virginia, offers exceptional opportunities for businesses seeking space in a vibrant, rapidly developing area. The 300,000 square foot building, constructed in 1960, is situated in Henrico County (zip code 23230) and currently has 25,965 square feet of vacant space available for lease. Multiple tenancy options exist, with spaces ranging from a minimum of 1,200 square feet to a maximum contiguous space of 13,000 square feet. This presents a unique opportunity for businesses of various sizes to establish a presence in a high-traffic location. The property benefits from its proximity to the soon-to-be-completed "The Ace," a seven-story building featuring 350 apartments and over 13,000 square feet of retail space planned along its Arthur Ashe Boulevard frontage. This significant development promises increased foot traffic and a substantial boost to the area's commercial activity, creating a strong potential for growth and success for prospective tenants. The property's location offers excellent visibility and accessibility, making it an ideal choice for businesses seeking a prominent position in a thriving Richmond neighborhood.

    Property Features for 1201 Arthur Ashe Blvd

    General Information

    Property type
    Retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    300,000 SF
    Class
    A

    Building Details

    Year Built
    1960

    Unit(s) available at that property

    Space
    Retail 1
    Size
    3,868 SF
    Space
    Retail 2
    Size
    2,025 SF
    Space
    Retail 3
    Size
    1,909 SF
    Space
    Retail 4
    Size
    1,340 SF
    Space
    Available Space
    Size
    13,000 SF
    Space
    Retail 5
    Size
    3,823 SF

    HighLights

    • 1,200 - 13,000 SF of retail space available
    • Two end‑cap spaces with outdoor seating available
    • 255' frontage on Arthur Ashe Blvd
    • Seeking retail, restaurant, café, and fitness tenants
    • 26,000 VPD on Arthur Ashe Blvd
    • Q2 2025 Delivery
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Richmond
    County
    Henrico
    State
    Virginia
    Longitude
    -77.4684755
    Latitude
    37.5655821

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    FAQs

    What type of property is this?
    Retail property - Prime Richmond Retail, Multiple Spaces Available
    Where is this retail property located?
    The property is located at 1201 Arthur Ashe Blvd Richmond, VA.
    What are key features of this property?
    This property features: 1,200 - 13,000 SF of retail space available; Two end-cap spaces with outdoor seating available; 255' frontage on Arthur Ashe Blvd
    Request Owner's contact information
    1201 Arthur Ashe Blvd Richmond, VA 23230
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    Richmond, VA 23230
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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
    1201 Arthur Ashe Blvd Richmond, VA 23230
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