101 7Th St, Richmond, VA 23224
This exceptional investment opportunity presents a 10,652 square foot, Class B commercial property situated on a 0.745-acre lot in Richmond, Virginia's thriving Old Manchester neighborhood. The property comprises two buildings: a 9,102 square foot main structure, previously housing Lewis Supply Company since 1958, featuring office, showroom, and warehouse space, and a 1,550 square foot auxiliary building. The property also includes a fenced, approximately half-acre storage yard. Built in 1959, this single-tenant property boasts 15-foot ceilings, one loading dock, and one dock-high door. Located at 101 E 7th St, Richmond, VA 23224, the property enjoys high visibility along Commerce Road, with a daily traffic count exceeding 20,000 vehicles. The B-7 zoning allows for a variety of uses. This owner-user opportunity is ideally suited for businesses seeking a blend of office and warehouse space in a rapidly developing area that has seen over $400 million in investment and the addition of 1,000 apartments since 2020. Old Manchester offers a vibrant atmosphere with numerous amenities including cafes, restaurants, breweries, and art studios, all within close proximity to the James River and its associated parks. The asking price is $2,000,000.
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Lewis Supply Co Inc Plumbing Service Building Supply
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authentic. Advertising Agency Marketing & Advertising
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.