2719 Chamberlayne AveRichmond, VA 23222

Property Details for 2719 Chamberlayne Ave

Year built

1925

Construction

WOOD

Lot size

0.23 AC

Property size (Sq ft)

2,030 SF

Zone code

B-2 COMMUNITY BUSINESS

Property type

Office properties

Property subtype

Office buildings

APN

N-000-0691-038

APU

N0000691038

Description

This newly renovated, vacant commercial property at 2719 Chamberlayne Ave, Richmond, VA 23222, presents a unique owner-user opportunity. The 2,410 square foot building, constructed in 1925 and situated on a 0.234-acre lot (APN N0000691038), boasts a flexible B-2 zoning designation. Permitted uses include, but are not limited to, daycare facilities (both child and adult), office space (creative and traditional), retail, church space, and contractor operations. The property features premium finishes throughout, including a fully equipped kitchen with stainless steel appliances and granite countertops. A significant advantage is the inclusion of a detached two-car garage, adding 380 square feet of usable space. The large backyard is enclosed by new fencing. This highly visible location in Richmond's rapidly developing Northside offers exceptional potential for a variety of businesses seeking a prime location. The two-story building offers ample space for a variety of uses. This is an ideal investment for an owner-occupant seeking a move-in ready space or an investor looking for a strong return in a thriving area. The property is currently vacant and ready for immediate occupancy.

• CAP approach

  CAP return

  Valuation

  6%

  $448,037

  6.5%

  $413,573

  7%

  $384,032

• Comparable approach

  Method

  Valuation

  Relative Method

  $339,030

  Geo Method

  $339,030

• Alternative Use

  Use

  Valuation

  Residential

  $512,830

  Hospitality

  $469,749

  Educational

  $390,826

  Medical

  $404,267

  Retail

  $607,952

Location Insight

City

Richmond

County

Richmond City

State

Virginia

Latitude

37.569

Longitude

-77.4442

CBSA code

40060

CBSA name

RICHMOND, VA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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