For Sale
$1,900,000

116 3Rd StRichmond, VA 23219

Historic Office Building, Prime Location

Overview

Added:
Dec 11, 2024
Days on market:
113
This exceptional three-story mixed-use office building, located at 116 S 3rd St in Richmond, VA, offers 15,930 square feet of space and presents a compelling investment opportunity. The property boasts a highly visible corner location in the Central Business District (CBD), with convenient access to major roadways and public transportation. Zoned B-3 and TOD-1, it's eligible for historic tax credits, offering potential cost savings. The building features attractive architectural details, including high ceilings, and is well-maintained. With an above-average parking ratio of approximately 2.2 spaces per 1,000 square feet on-site, parking is readily available. The flexible and efficient floor plans accommodate single or multi-tenant occupancy, making it ideal for owner-occupancy or redevelopment. Its proximity to Virginia Commonwealth University (VCU), the State Capitol, and a vibrant array of restaurants and entertainment venues adds significant value. The asking price is $1,900,000. This property represents a rare chance to acquire a prime asset in a thriving urban core.

Highlights

  • 116 S 3rd St, Richmond, VA: Three-story, 15,930 SF mixed-use office building.
  • Highly visible corner location in the CBD with excellent access to major roadways and public transit.
  • B-3 and TOD-1 zoning; eligible for historic tax credits.
  • Well-maintained with attractive architectural details and high ceilings.
  • Above-average parking (approx. 2.2 spaces/1,000 SF).
  • Flexible floor plans suitable for single or multi-tenant occupancy.

Property Details for 116 3Rd St

Property type
Office properties, Mixed-use properties
Square Feet
15,930 SF

Location Insight

City
Richmond
County
Richmond City
State
Virginia
Latitude
37.539925446707
Longitude
-77.443156090728
116 3Rd St, Richmond, Virginia

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116 3Rd St
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