Technical
Financial
Distress signals
Property profile

2506 Main St Richmond, VA 23223

OFF-MARKET
Auto shops
Property ID
US87-1299082
480 SF 0.15 ac lot Built 1928
Individually Owned 1-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional 0.75-acre commercial land parcel presents a unique redevelopment opportunity in Richmond, Virginia's vibrant Shockoe Bottom submarket. Located at 2506 E Main St, the property is zoned M-1 LIGHT, offering flexibility for a variety of commercial and retail uses. The site's prominent location within the Richmond City submarket cluster ensures high visibility and accessibility. The property's APN is E-000-0388-013. This single-tenancy land parcel is ideal for developers seeking a ground lease or a build-to-suit project. Its size and zoning make it suitable for a range of commercial ventures, capitalizing on the area's dynamic growth and established infrastructure. The property's location in Shockoe Bottom provides access to a thriving community with significant foot traffic and a diverse range of businesses. This is a rare chance to acquire a strategically positioned land parcel in a highly sought-after area of Richmond, offering substantial potential for future development and significant return on investment. The latitude and longitude coordinates are 37.528916748208914 and -77.42099119021175 respectively, and the zip code is 23223. This presents a compelling opportunity for investors and developers alike.

Property profile

Verified
Property type Auto shops
Use group AUTO REPAIR, GARAGE
Year built 1928
Construction TYPE NOT SPECIFIED
Total area 480 SF
Lot 0.15 ac (6,484 SF)
Zoning code M-1 LIGHT INDUSTRIAL
APN E-000-0388-013
UPID US87-1299082

Cap rate & NOI

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

Location

2506 Main St Richmond, VA 23223
Richmond metro Census 20501 RICHMOND, VA METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
$240k

Owner & transaction history

since 2025
5 recorded transactions
2025
Price N/A
2024
Price N/A
2016
Price N/A
2015
Price N/A
2010
Price N/A

Zoning & alternative use

M-1 LIGHT INDUSTRIAL · 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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