Property profile

1521 Main St Richmond, VA 23219

OFF-MARKET
Parking lots & garages
Property ID
US87-0677595
0.26 ac lot Built 1990
Entity Owned Absentee Owner Free & Clear
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Property summary

AI-generated overview

This fully renovated 2,500 square foot office/retail space is ideally situated in Richmond, Virginia's vibrant Fan District at 1521 W Main St. The property is a single-tenant, two-story building totaling 5,000 square feet, with 2,500 square feet currently available for immediate lease. The space boasts six private offices, a spacious conference room, a convenient break room, and an open workspace perfect for collaborative projects. Abundant natural light streams in through large windows and skylights throughout the suite. Access is provided via both front and rear entrances, offering convenience and flexibility. Six off-street parking spaces are located at the rear of the building, a valuable asset in this desirable area. The property's UB-PO3 zoning allows for a variety of uses. Its prime location near Virginia Commonwealth University and downtown Richmond, coupled with easy access to Interstates 95 and 195, makes this an exceptional opportunity for businesses seeking a flexible and well-appointed space in a thriving urban setting. The property's APN is W0000604007. This is a single-tenant space in a building with a total of 5,000 square feet.

Property profile

Verified
Property type Parking lots & garages
Use group PARKING LOT
Year built 1990
Lot 0.26 ac (11,340 SF)
Zoning code MULTIPLE ZONING
APN E-000-0088-019
UPID US87-0677595

Cap rate & NOI

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

Current use

Occupant on record · Public records
  • Sculpture

Location

1521 Main St Richmond, VA 23219
Richmond metro Census 30502 RICHMOND, VA METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$255k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$255k

Owner & transaction history

Zoning & alternative use

MULTIPLE ZONING · 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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