1606 Magnolia St Richmond, VA 23222
- Flex space
- 20,363 SF
- 1.37 lot acres
Current Use by Public Records
- Spectra Gutter Supply / Construction Material Wholesaler
Property Details for 1606 Magnolia St
- Year built
- 1953
- Construction
- WOOD
- Lot size
- 1.37 lot acres
- Property size
- 20,363 SF
- Zone code
- M-1 LIGHT INDUSTRIAL
- Property type
- Flex space
- APN
- N-000-0719-030
- APU
- N0000719030
Description
This exceptional 20,363-square-foot warehouse, located at 1606 Magnolia St in Richmond, Virginia, presents a compelling investment opportunity. Built in 1953 and renovated in 1990, this single-story building sits on a 1.4-acre lot and is zoned M-1 Light, offering versatility for various industrial uses. The property boasts a 15-foot ceiling height, two loading docks, and one dock-high door, facilitating efficient operations. Its strategic location within the dynamic Richmond area provides excellent access to transportation networks and a skilled workforce. The solid foundation and adaptable layout make it suitable for expansion or redevelopment, catering to the needs of businesses seeking a versatile and spacious industrial space. This owner-user opportunity allows for significant customization and control, making it an attractive option for industrial investors seeking a strong foundation for growth and long-term success in a thriving market. The property's ample space and strategic location make it well-suited for optimizing manufacturing processes or adapting to new industrial ventures. This is a rare chance to acquire a substantial industrial property in a desirable location.
Value Estimations
-
AI approach
- Method
- Estimation
- Statistic approach
- $695,000
- ML approach
- $820,000
Get a detailed, property-specific valuation — fast and free
Location Insight
- Map
- Local Demand
- City
- Richmond
- County
- Richmond City
- State
- Virginia
- Longitude
- -77.4171
- Latitude
- 37.564
- CBSA code
- 40060
- CBSA name
- RICHMOND, VA METROPOLITAN STATISTICAL AREA
