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    Property profile & analytics
    OFF-MARKET Estimated value $4,300,000
    Industrial land

    401 Maury St, Richmond, VA 23224

    2 ac lot
    Entity Owned 3-yr Hold Free & Clear
    Property ID
    US87-1034893
    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
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    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
    Vision Pettigrew LLC · 3 yrs held
    Vision Pettigrew LLC
    since 2023
    Last sale
    $4.8M
    3 recorded transactions
    2023
    $4.8M
    2013
    2005
    $1.2M
    Zoning & alternative use
    B-7 CENTRAL BUSINESS · Richmond, VA
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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