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Property profile & analytics
OFF-MARKET
Office buildings

1312 2nd St Richlands, VA 24641-2453

1,000 SF 0.07 ac lot Built 1940
Entity Owned Absentee Owner Free & Clear
Property ID
US87-2218724
Property summary
AI-generated overview

This 1,454 square foot executive office space at 1312 Second Street, Richlands, VA 24641, presents a unique investment opportunity. Located in the heart of Richlands, this property boasts a rich history, having previously served as the Richlands Post Office and later converted into three separate office condominiums – a first for Tazewell County. The building, constructed in 1940 and zoned B2, offers flexible space ideal for a single business or two separate entities. The layout currently includes approximately 770 square feet on the main level and 684 square feet in the basement. Interior walls are easily reconfigurable to suit individual needs. The asking price is $56,400. On-street and off-street parking is available. While other units in the building are available, this listing is exclusively for 1312 Second Street. This property is vacant and ready for immediate occupancy. Buyers are responsible for any necessary renovations to meet their specific business requirements. The property's historical significance and central location in Richlands make it an attractive proposition for entrepreneurs and investors alike.

Property profile
Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1940
Total area 1,000 SF
Lot 0.07 ac (3,093 SF)
APN 105A511040006A-0007A
UPID US87-2218724
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history
WARDELL LANDS LIMITED
WARDELL LANDS LIMITED
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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