1312 2nd St Richlands, VA 24641-2453
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2019Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.