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Property profile & analytics

2506 Main St Richmond, VA 23223

  • Auto shops
  • 480 SF
  • 0.15 lot acres
OFF-MARKET
Last Sale
Jul 26, 2024
Value Estimations
$235,000
Show details
Cap Rate Potential
Location Intelligence
Property ID
US87-1299082
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

Current Use by Public Records

  • Auto shops

Property Details for 2506 Main St

Year built
1928
Construction
TYPE NOT SPECIFIED
Lot size
0.15 lot acres
Property size
480 SF
Zone code
M-1 LIGHT INDUSTRIAL
Property type
Auto shops
APN
E-000-0388-013
APU
E0000388013

Description

This exceptional 0.75-acre commercial land parcel presents a unique redevelopment opportunity in Richmond, Virginia's vibrant Shockoe Bottom submarket. Located at 2506 E Main St, the property is zoned M-1 LIGHT, offering flexibility for a variety of commercial and retail uses. The site's prominent location within the Richmond City submarket cluster ensures high visibility and accessibility. The property's APN is E-000-0388-013. This single-tenancy land parcel is ideal for developers seeking a ground lease or a build-to-suit project. Its size and zoning make it suitable for a range of commercial ventures, capitalizing on the area's dynamic growth and established infrastructure. The property's location in Shockoe Bottom provides access to a thriving community with significant foot traffic and a diverse range of businesses. This is a rare chance to acquire a strategically positioned land parcel in a highly sought-after area of Richmond, offering substantial potential for future development and significant return on investment. The latitude and longitude coordinates are 37.528916748208914 and -77.42099119021175 respectively, and the zip code is 23223. This presents a compelling opportunity for investors and developers alike.


Value Estimations

based on Realmo’s proprietary methodology
  • AI approach

    Method
    Estimation
    ML approach
    $240,000
  • Comparable approach

    Method
    Estimation
    Statistic Estimate
    $164,000
    Market price range: $43.4k - $164k

Get a detailed, property-specific valuation — fast and free


Location Insight

  • Map
  • Local Demand
City
Richmond
County
Richmond City
State
Virginia
Longitude
-77.4209
Latitude
37.5291
CBSA code
40060
CBSA name
RICHMOND, VA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2020
$20
$360,000
$14,000
$374,000
-
$360,000
$14,000
$374,000
More about this property
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