1606 Magnolia St, Richmond, VA 23222

20,363 SF 1.37 ac lot Built 1953

Entity Owned 4-yr Hold Free & Clear

Property ID

US87-0261352

$2,125,000 20,363 SF

1606 Magnolia St, Richmond, VA 23222
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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.