127 17Th StRichmond, VA 23223

Property Details for 127 17Th St

Year built

2023

Construction

CONCRETE

Lot size

0.91 AC

Property size (Sq ft)

11,930 SF

Zone code

M-1 LIGHT INDUSTRIAL

Property type

Residential income properties

Property subtype

Other apartment buildings

APN

E-000-0130-044

APU

E0000130044

Description

This exceptional 4,150-square-foot commercial property, located at 127 N. 17th Street in Richmond, Virginia, presents a unique opportunity for a discerning tenant. Situated in Henrico County, zip code 23223, this single-tenant space offers unparalleled flexibility. The building's versatile design caters to a variety of uses, including retail, office, and restaurant operations, making it ideal for businesses seeking a prominent location with ample space. Currently entirely vacant, the 4,150 square feet provides a blank canvas for customization, allowing businesses to create a workspace perfectly tailored to their specific needs. The property's prime location in Richmond offers excellent visibility and accessibility, ensuring high foot traffic and convenient access for clients and employees. This mixed-use property is perfect for a business seeking a high-profile address in a thriving urban environment. The building's size and layout provide ample room for expansion and growth, making it an attractive option for businesses of all sizes. This is a rare opportunity to secure a significant commercial space in a desirable Richmond location. The property is available for lease and ready for immediate occupancy. Interested parties are encouraged to inquire promptly.

• CAP approach

  CAP return

  Valuation

  6%

  $2,818,859

  6.5%

  $2,602,024

  7%

  $2,416,165

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,277,998

  Geo Method

  $3,088,266

• Alternative Use

  Use

  Valuation

  Residential

  $2,602,024

  Hospitality

  $2,383,440

  Educational

  $1,982,994

  Medical

  $2,051,192

  Retail

  $3,084,657

Location Insight

City

Richmond

County

Richmond City

State

Virginia

Latitude

37.5347

Longitude

-77.4268

CBSA code

40060

CBSA name

RICHMOND, VA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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