1600 Altamont Ave Richmond, VA 23230-4502
This exceptional 7,200 square foot retail space, situated on a 0.385-acre lot at 1600 Altamont Ave in Richmond, Virginia (zip code 23230), presents a unique opportunity for a single-tenant business. Previously utilized as a catering kitchen for a prominent local restaurant group, this two-story building offers ample space for a variety of uses, including restaurants and other retail establishments. The property boasts 21 on-site parking spaces, a significant advantage in a vibrant area largely reliant on street parking. This prime location at the corner of Altamont Avenue and West Moore Street, just north of Moore Street Café, places the property in the heart of Scott's Addition, Richmond's renowned "Beverage District," home to over 50 restaurants, bars, and breweries. Its proximity to Arthur Ashe Boulevard, I-64, and the new Diamond District development further enhances its appeal. The building's 7,200 square feet of vacant space provides significant flexibility for a variety of layouts and designs, allowing for the creation of a truly unique and successful business. The ample parking can be utilized for customer parking or potentially expanded to create outdoor patio space, a popular feature among the area's restaurants. This is a rare opportunity to establish a presence in one of Richmond's most sought-after and dynamic neighborhoods.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2020Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
M-1 LIGHT INDUSTRIAL · Richmond, VARichmond. Always verify with local authorities before improvements.
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.