2506 Main St Richmond, VA 23223
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.
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.