101 7Th St Richmond, VA 23224
This exceptional 9,102-square-foot refrigerated cold storage facility, located at 101 E 7th St in Richmond, Virginia, presents a unique investment opportunity. Built in 1958, the property sits on a 0.745-acre lot and is zoned B-7. The main building boasts 9,102 square feet of climate-controlled space, ideal for various cold storage needs. Adding to its functionality is a 2,417-square-foot showroom/office area, perfect for administrative functions or client interaction, and a 942-square-foot mezzanine offering additional storage or workspace. The property also includes a 1,550-square-foot auxiliary building, expanding storage capacity and operational flexibility. Ample parking is available on-site for both employees and deliveries, supplemented by abundant street parking. The facility features one loading dock for efficient goods handling and benefits from 3-phase, 400-amp power. The high ceilings, measuring 15 feet, maximize vertical space and storage potential. A fenced storage yard provides secure outdoor storage. The property's APN is S0000111005, S0000111004, S0000111003, S0000111002, and is located in Richmond County, Virginia, zip code 23224. This single-tenant property is currently vacant, offering immediate occupancy for a new owner or operator. The property's strategic location and versatile features make it an attractive proposition for businesses seeking a well-equipped cold storage solution in a thriving market.
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Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
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Property description
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