1201 25Th StRichmond, VA 23223

Property Details for 1201 25Th St

Year built

1924

Construction

TYPE NOT SPECIFIED

Lot size

0.20 AC

Property size (Sq ft)

3,319 SF

Zone code

B-2 COMMUNITY BUSINESS

Property type

Retail properties

Property subtype

Auto shops

APN

E-000-0561-019

APU

E0000561019

Description

This exceptional mixed-use redevelopment opportunity is located in Richmond's burgeoning North Church Hill neighborhood, situated on a prominent corner lot at 1201 N 25th Street. The property boasts a 3,319 square foot building on a 0.2-acre lot, offering significant potential for a variety of commercial ventures. The existing structure, characterized by its nostalgic charm and solid construction, features an open concept layout with high ceilings, one large room, and three smaller rooms. Large windows on all sides provide ample natural light, while overhead doors offer convenient access. A spacious rear courtyard presents an ideal setting for outdoor dining or other uses, and the possibility of a rooftop deck further enhances the property's appeal. The property also benefits from rear alley access and parking. This location is strategically positioned within Richmond's vibrant business corridor, adjacent to key establishments such as the Market @ 25th, Front Porch Cafe', and the VCU Health Hub. The proximity to the Kitchens at Reynolds, a 25,000 square foot facility offering workforce training and academic programs, adds to the area's dynamic character. Furthermore, the property's convenient location is just one mile from the Medical College of Virginia (MCV), easily accessible via the city's mass transit system. The surrounding area is characterized by sidewalks, streetlights, and a rich historical context. The property's proximity to MCV, VCU Dental and Nursing Schools, Altria, and the Biotechnology Research and Development Center underscores its strategic location within a thriving hub of activity. An additional 0.05-acre lot at 1205 N 25th Street is also available for purchase, presenting an opportunity to expand the development footprint. This is a truly unique opportunity to acquire a significant property in one of Richmond's most promising and rapidly developing neighborhoods.

• CAP approach

  CAP return

  Valuation

  6%

  $905,207

  6.5%

  $835,576

  7%

  $775,892

• Comparable approach

  Method

  Valuation

  Relative Method

  $938,686

  Geo Method

  $1,396,852

• Alternative Use

  Use

  Valuation

  Residential

  $704,839

  Hospitality

  $645,629

  Educational

  $537,156

  Medical

  $555,629

  Retail

  $835,576

Location Insight

City

Richmond

County

Richmond City

State

Virginia

Latitude

37.5393

Longitude

-77.4111

CBSA code

40060

CBSA name

RICHMOND, VA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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