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Property profile

1201 Arthur Ashe Blvd Richmond, VA 23230

OFF-MARKET
Retail properties & Spaces
300,000 SF Built 1960
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Property summary

AI-generated overview

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 profile

Verified
Property type Retail properties & Spaces
Year built 1960
Total area 300,000 SF

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

1201 Arthur Ashe Blvd Richmond, VA 23230
Richmond metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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