101 Cary StRichmond, VA 23219

Property Details for 101 Cary St

Year built

1915

Construction

TYPE NOT SPECIFIED

Lot size

0.05 AC

Property size (Sq ft)

5,467 SF

Zone code

B-3 GENERAL BUSINESS

Property type

Office buildings

APN

W-000-0060-001

APU

W0000060001

Description

This stunning three-story, 6,000 square foot office building at 101 E Cary St, Richmond, VA 23219 presents a unique owner-user investment opportunity. Built in 1887, the Douglas-Baird House is a meticulously restored Class B property offering a blend of traditional and creative office space. The single-tenant building boasts a prime location in Richmond's vibrant business district, ensuring high visibility and accessibility. With its impressive architecture and versatile floor plan, this property is ideal for a variety of businesses seeking a prestigious address. The asking price is $1,530,000, translating to $255 per square foot. This represents a compelling investment in a highly sought-after area of Richmond. The property's strategic location within the city's bustling commercial core guarantees significant exposure and convenient access for employees and clients alike. The building's blend of historical charm and modern functionality makes it an exceptional opportunity for businesses seeking a unique and impactful office space. Don't miss this chance to acquire a landmark property in one of Richmond's most desirable locations. This is an owner-user investment, offering a rare chance to own a piece of Richmond's history and commercial success.

• CAP approach

  CAP return

  Valuation

  6%

  $1,311,189

  6.5%

  $1,210,328

  7%

  $1,123,876

• Comparable approach

  Method

  Valuation

  Relative Method

  $913,044

  Geo Method

  $913,044

• Alternative Use

  Use

  Valuation

  Residential

  $1,500,807

  Hospitality

  $1,374,731

  Educational

  $1,143,760

  Medical

  $1,183,096

  Retail

  $1,779,182

Location Insight

City

Richmond

County

Richmond City

State

Virginia

Latitude

37.5414

Longitude

-77.4443

CBSA code

40060

CBSA name

RICHMOND, VA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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