Property summary
This exceptional 3,000 square foot executive office building, located at 217 E Clay St in Richmond, Virginia, presents a unique investment opportunity. Built in 1861 and renovated in 1999, this historic Jackson Ward property boasts a rich history and versatile layout. The building currently sits vacant, offering a blank canvas for a new owner. The property features a permitted B-2 zoning classification and sits on a 0.05-acre lot. The asking price is $425,000, translating to $155 per square foot. The City of Richmond has approved a conversion plan allowing for residential apartments on upper floors, provided a portion of the ground floor maintains commercial use. This adaptable space has previously housed a law office on the top two floors and various retail tenants in the raised basement, most recently a wig maker. The building's history, combined with its approved mixed-use potential and prime Richmond location (zip code 23219), makes it an attractive proposition for investors seeking a blend of historical charm and modern adaptability. The property's vacant status allows for immediate customization and tenant selection, maximizing return on investment. This is a rare chance to acquire a piece of Richmond's vibrant history and shape its future.
Property profile
VerifiedCap rate & NOI
Current use
-
Bar & Pub Restaurant
-
Hair Salon Nail Salon
-
Law Firm
Location
Value estimations
Owner & transaction history
Zoning & alternative use
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Property tax & assessments
Tax year 2020Property description
Physical attributes from public recordsZoning & alternative use
B-2 COMMUNITY BUSINESS · Richmond, VAZoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for B-2 COMMUNITY BUSINESS in Richmond, VA.
Registration is required before the official district profile is shown.
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
Registration is required before any owner information is shown.
- Full Property Data
- Historical Records
- Value Estimation
- NOI Potential
- Cap Rate Calculation
- Ownership
- Location Insight
- Alternative use
- Local Zoning Insight
Cancel anytime.
- 30 reports a month
- Location Analytics
- Market Trends
- Full Property Data
- Historical Records
- Value Estimation
- NOI Potential
- Cap Rate Calculation
- Ownership
- Location Insight
- Alternative use
- Local Zoning Insight
Cancel anytime.
- 300 reports a month
- Location Analytics
- Market Trends
- Full Property Data
- Historical Records
- Value Estimation
- NOI Potential
- Cap Rate Calculation
- Ownership
- Location Insight
- Alternative use
- Local Zoning Insight
and get 1 Light Report
- Property Information
- Historical Records
- Value Estimation
- NOI Potential
- Cap Rate Potential
- Location Insight
- Alternative use
- Local Zoning Insight