3308 Marshall StRichmond, VA 23223

Property Details for 3308 Marshall St

Construction

WOOD

Lot size

0.25 AC

Property size (Sq ft)

1,380 SF

Zone code

UB-PE1-PE6 PARKING EXEMPT

Property type

Retail properties

Property subtype

Retail space

APN

E-000-0884-017

APU

E0000884017

Description

This exceptional Class A, mixed-use building at 3302-3308 E Marshall St in Richmond, VA's vibrant Church Hill submarket, offers 11,449 square feet of creative office space across three available units. Built in 2024, the two-story building features a total of nine parking spaces. Individual suites range from a minimum of 674 square feet to a maximum contiguous space of 2,350 square feet, providing flexibility for various business needs. The property sits on a half-acre lot and is zoned UB-PE6. Its convenient location is just one block from Chimborazo Park and two blocks from popular restaurants. Currently, 2,350 square feet is vacant and immediately available. The building is situated near the intersection of E Marshall St and 33rd Street, in a walkable neighborhood known for its strong community. While a rooftop and sidewalk patio are proposed, city approval is pending. The rental rate is negotiable and will depend on the specific unit size and tenant improvement allowance. This presents a rare opportunity to establish a presence in this desirable and thriving Richmond neighborhood. The property boasts a total of three suites, with individual unit sizes of 674, 747, and 929 square feet (end-cap unit).

• CAP approach

  CAP return

  Valuation

  6%

  $376,374

  6.5%

  $347,422

  7%

  $322,606

• Comparable approach

  Method

  Valuation

  Relative Method

  $390,294

  Geo Method

  $580,794

• Alternative Use

  Use

  Valuation

  Residential

  $293,064

  Hospitality

  $268,445

  Educational

  $223,343

  Medical

  $231,024

  Retail

  $347,422

Location Insight

City

Richmond

County

Richmond City

State

Virginia

Latitude

37.5281

Longitude

-77.4102

CBSA code

40060

CBSA name

RICHMOND, VA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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