Property profile

401 Maury St Richmond, VA 23224

OFF-MARKET
Industrial land
Property ID
US87-1034893
2 ac lot
Entity Owned 3-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional mixed-use development in Richmond, Virginia's vibrant Manchester submarket presents a rare opportunity for discerning investors and businesses. Situated on a 2-acre lot at 401 Maury St, zip code 23224, this grocery-anchored center offers three available retail spaces ranging from 4,800 square feet to 20,500 square feet, providing flexibility for a variety of uses. The property's strategic location within the thriving Manchester community ensures high visibility and accessibility, attracting a substantial customer base. The property type is classified as retail and land, with a commercial subtype and multiple tenancies. Its prime location in Richmond, VA offers excellent potential for growth and return on investment. The property's coordinates are 37.5218484 latitude and -77.4356059 longitude. This is an ideal opportunity to establish or expand a business in a dynamic and rapidly developing area. The diverse space options cater to a wide range of business needs, from smaller boutiques to larger retail establishments. The presence of a grocery anchor further enhances the property's appeal and draws significant foot traffic. Don't miss this chance to secure a prominent position in one of Richmond's most sought-after commercial districts.

Property profile

Verified
Property type Industrial land
Use group INDUSTRIAL - VACANT LAND
Lot 2 ac (87,120 SF)
Zoning code B-7 CENTRAL BUSINESS
APN S-000-0178-001
UPID US87-1034893

Cap rate & NOI

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

Location

401 Maury St Richmond, VA 23224
Richmond metro Census 61002 RICHMOND, VA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$3.83M
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$4.30M

Owner & transaction history

since 2023
Last sale
$4.8M
3 recorded transactions
2023
$4.8M
2013
Price N/A
2005
$1.2M

Zoning & alternative use

B-7 CENTRAL BUSINESS · 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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