3120 Cary StRichmond, VA 23221

Property Details for 3120 Cary St

Year built

1956

Construction

TYPE NOT SPECIFIED

Lot size

2.14 AC

Property size (Sq ft)

59,066 SF

Zone code

UB-PO2 PARKING OVERLAY

Property type

Retail properties

Property subtype

Strip malls

APN

W-000-1406-059

APU

W0001406059

Description

This exceptional Class A office property, Cary Court Park & Shop, presents a unique opportunity in Richmond's vibrant Carytown submarket. Located at 3120 W Cary St, zip code 23221, this single, two-story building offers a total of 59,066 square feet of space, currently configured for multiple tenants. One immediately available space of 1,238 square feet is perfect for a creative office user seeking a prominent address. The building was renovated in 1956 and boasts a traditional office layout adaptable to modern needs. Its prime location in Carytown provides unparalleled access to a diverse range of amenities, including restaurants, shops, and entertainment venues. The property's classification as both "Traditional Office" and "Creative Office" reflects its versatility and suitability for a variety of businesses. This is a rare chance to secure space in a highly sought-after location within a well-maintained building. The property's address is easily accessible and benefits from high visibility within the bustling Carytown district. The available space is ready for immediate occupancy. Contact us today to schedule a viewing.

• CAP approach

  CAP return

  Valuation

  6%

  $19,162,184

  6.5%

  $17,688,170

  7%

  $16,424,730

• Comparable approach

  Method

  Valuation

  Relative Method

  $24,858,824

  Geo Method

  $24,858,824

• Alternative Use

  Use

  Valuation

  Residential

  $14,920,634

  Hospitality

  $13,667,220

  Educational

  $11,370,967

  Medical

  $11,762,032

  Retail

  $17,688,170

Location Insight

City

Richmond

County

Richmond City

State

Virginia

Latitude

37.5538

Longitude

-77.4814

CBSA code

40060

CBSA name

RICHMOND, VA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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