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    315 2Nd St Richmond, VA 23219

    Sponsored
    For Lease
    $18 SF/Yr

    Historic Jackson Ward, 700 sq ft + storage

    Lot size:
    700 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 700-square-foot commercial space, situated in Richmond, Virginia's vibrant Historic Jackson Ward District at 315 N 2nd St (cross street: East Broad Street), presents a unique investment opportunity. Currently configured as a restaurant, this single-tenant property offers significant potential for various uses, including retail. The space boasts a fully functional kitchen hood, ideal for a food service establishment, or easily adaptable for retail purposes. Adding to its functionality is an additional 200 square feet of basement storage, providing ample space for inventory or equipment. The property benefits from its prime location, enjoying high foot traffic due to its proximity to Main Street and other thriving businesses. The building's occupancy rate is 100%, indicating a strong and stable tenant base. Its strategic location next to the VCU Police Department and the Convention Center further enhances its visibility and accessibility. This 2nd generation restaurant space is ready for immediate occupancy and offers a compelling opportunity to establish a successful business in a highly desirable area of Richmond, VA, zip code 23219. The property is easily accessible and benefits from excellent visibility.

    Property Features for 315 2Nd St

    General Information

    Property type
    Restaurants
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    700 SF

    Unit(s) available at that property

    Space
    Size
    700 SF
    Rate per SF
    $18
    Property Profile Location Intelligence

    Current Use by Public Records

    Two Street Condo Condominium Complex

    Suggested Use

    Realty agency Restaurant Spa & Massage Hair Salon Dental Office Nail Salon Building Supply Clothing Store Gym & Fitness Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Richmond
    County
    Richmond City
    State
    Virginia
    Longitude
    -77.439555524926
    Latitude
    37.545184765244

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    FAQs

    What type of property is this?
    Restaurant - Historic Jackson Ward, 700 sq ft + storage
    Where is this restaurant located?
    The property is located at 315 2Nd St Richmond, VA.
    What is the lease rate?
    The lease rate is $18 SF/Yr.
    Request Owner's contact information
    315 2Nd St Richmond, VA 23219
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    Richmond, VA 23219
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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.

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    Cap approach

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    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
    315 2Nd St Richmond, VA 23219
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