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1205 N 25Th St Richmond, VA 23223

Commercial land Google Maps
1,296 SF 0.05 ac lot Built 1910
Individually Owned 4-yr Hold Absentee Owner Free & Clear
Estimated value (blended)
$165k
Range $149k – $182k (±10%)
Property ID US87-0678603

Property summary

AI-generated overview

This exceptional 0.05-acre lot at 1205 N 25th Street in Richmond, Virginia presents a unique investment opportunity in the vibrant North Church Hill neighborhood. Boasting 17 feet of frontage on the bustling 25th Street commercial corridor, this property benefits from high visibility and pedestrian traffic. Its strategic location places it just one block south of the 25th Street Market and Apartments at Nine Mile Road, ensuring convenient access to a diverse customer base. The Medical College of Virginia (MCV) and Virginia Commonwealth University (VCU) are a short 1.2-mile distance to the west, further enhancing the property's appeal. Adding to its convenience, a commuter stop is situated directly in front of the lot, providing easy access to the planned MCV switching station and the broader Metro Richmond transportation network. All essential utilities are readily available, including sidewalks, streetlamps, public water, and sewer. The lot's dimensions and zoning regulations allow for mixed-use development, making it suitable for a variety of commercial ventures. The property is particularly well-suited for food trucks, offering a convenient and high-traffic location for mobile food businesses. This is an exceptional opportunity to acquire a strategically located lot in a rapidly growing area of Richmond. The asking price is $175,000.

Property profile

Verified
Property type Commercial land
Use group VACANT COMMERCIAL LAND
Year built 1910
Total area 1,296 SF
Lot 0.05 ac (2,244 SF)
Zoning code B-2 COMMUNITY BUSINESS
APN E-000-0561-021
UPID US87-0678603

Cap rate & NOI

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

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
$165k

Owner & transaction history

since 2022
3 recorded transactions
2022
Price N/A
2021
Price N/A
2020
Price N/A

Zoning & alternative use

B-2 COMMUNITY BUSINESS · Richmond, VA

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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More about this property
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