101 Clay StRichmond, VA 23219

Property Details for 101 Clay St

Year built

1910

Construction

TYPE NOT SPECIFIED

Lot size

0.09 AC

Property size (Sq ft)

6,330 SF

Zone code

B-2 COMMUNITY BUSINESS

Property type

Investment properties

Property subtype

Live-work space

APN

N-000-0061-001

APU

N0000061001

Description

This exceptional commercial property at 101 E. Clay Street in Richmond, Virginia, presents a unique investment opportunity. The 6,330 square foot building, constructed in 1910, boasts a desirable B-2 Commun zoning classification, ideal for a variety of retail and restaurant uses. Currently, there is 3,591 square feet of vacant space available for lease, offering significant potential for expansion or new tenancy. The property sits on a 0.09-acre lot, providing ample space for outdoor seating or customer parking. Its prime location in Richmond city, within the 23219 zip code, ensures high visibility and accessibility for potential customers. The building's historic character adds to its charm and appeal, making it an attractive option for businesses seeking a unique and established presence in the heart of Richmond. The multiple tenancy structure allows for diverse income streams and flexibility in tenant selection. This property is perfect for an investor looking for a strong return on investment in a thriving urban environment. The building's size and zoning provide ample opportunity for a variety of commercial ventures. Don't miss this chance to acquire a piece of Richmond's rich history and vibrant commercial landscape.

• CAP approach

  CAP return

  Valuation

  6%

  $1,397,109

  6.5%

  $1,289,639

  7%

  $1,197,522

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,057,173

  Geo Method

  $1,057,173

• Alternative Use

  Use

  Valuation

  Residential

  $1,599,152

  Hospitality

  $1,464,815

  Educational

  $1,218,709

  Medical

  $1,260,622

  Retail

  $1,895,769

Location Insight

City

Richmond

County

Richmond City

State

Virginia

Latitude

37.5466

Longitude

-77.4394

CBSA code

40060

CBSA name

RICHMOND, VA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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