1314 Cary StRichmond, VA 23219

Property Details for 1314 Cary St

Year built

1870

Construction

TYPE NOT SPECIFIED

Lot size

0.03 AC

Property size (Sq ft)

4,608 SF

Zone code

B-5 CENTRAL BUSINESS

Property type

Retail properties

Property subtype

Retail space

APN

E-000-0083-034

APU

E0000083034

Description

This stunning, fully renovated three-story office building, originally constructed in 1870, offers 4,608 square feet of versatile space in Richmond's vibrant Shockoe Slip neighborhood. Located at 1314 E Cary St (zip code 23219), this property boasts original hardwood floors, high ceilings, custom casework, and striking architectural stairwells. The open floor plan allows for flexible layouts, catering to a variety of office needs. A ground-level storefront with expansive windows provides exceptional visibility in a high-traffic area, ideal for a business seeking a prominent presence. The building sits on a 0.034-acre lot and is zoned B-5. Its prime location offers unparalleled walkability, with proximity to the Virginia State Capitol, numerous restaurants, hotels (including The Omni and The Berkley), and retail shops. This exceptional property seamlessly blends historic charm with modern functionality, creating a unique and desirable workspace in the heart of Richmond's central business district. The single-tenant building is ready for immediate occupancy. This is a rare opportunity to lease a beautifully renovated historic building in one of Richmond's most sought-after locations. The adaptable layout can be customized to suit various office needs, fostering a collaborative and creative environment. The retail frontage is perfect for a client-facing business. This property presents a perfect blend of history and modernity.

• CAP approach

  CAP return

  Valuation

  6%

  $1,390,581

  6.5%

  $1,283,614

  7%

  $1,191,927

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,557,868

  Geo Method

  $1,939,347

• Alternative Use

  Use

  Valuation

  Residential

  $1,082,776

  Hospitality

  $991,817

  Educational

  $825,180

  Medical

  $853,559

  Retail

  $1,283,614

Location Insight

City

Richmond

County

Richmond City

State

Virginia

Latitude

37.5352

Longitude

-77.4332

CBSA code

40060

CBSA name

RICHMOND, VA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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