7 E 16Th St Richmond, VA 23224

This exceptional 8,779-square-foot retail property, located at 7 E 16th St in Richmond, VA, presents a unique investment opportunity. Built in 1939 and renovated in 2004, this single-story, freestanding building boasts a classic design and excellent visibility with 132 feet of frontage on E 16th St. The property sits on a 0.586-acre lot (25,506.13 sq ft), zoned B-5 - Business (Central Business), offering significant potential for land development. The building features approximately 45 parking spaces, a significant advantage in a busy commercial district. Previously occupied by a long-term tenant, this space is now available for lease, providing a turnkey opportunity for a variety of retail uses. The property's location in Richmond's vibrant commercial submarket ensures high traffic and excellent exposure. This is a rare chance to acquire a well-maintained, established retail space with substantial expansion potential. The property's history of successful tenancy demonstrates its strong market appeal. The ample parking and convenient location make this an ideal space for businesses seeking high visibility and accessibility. This property is ready for immediate occupancy.