101 7Th St Richmond, VA 23224
- Warehouses
- 10,652 SF
- 0.75 lot acres
Current Use by Public Records
- Lewis Supply Co Inc / Plumbing Supply Store / Hardware Store
- authentic. / Marketing Agency
Property Details for 101 7Th St
- Year built
- 1959
- Lot size
- 0.75 lot acres
- Property size
- 10,652 SF
- Property type
- Warehouses
- Property subtype
- Office Properties & Spaces
Description
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.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Richmond
- County
- Richmond
- State
- Virginia
- Longitude
- -77.4395
- Latitude
- 37.5225
