10 Crenshaw AveRichmond, VA 23221
- Retail properties
- 4,058 SF
Property Details for 10 Crenshaw Ave
- Year built
- 1924
- Construction
- TYPE NOT SPECIFIED
- Lot size
- 0.07 AC
- Property size (Sq ft)
- 4,058 SF
- Zone code
- UB-PO2 PARKING OVERLAY
- Property type
- Retail properties
- Property subtype
- Retail space
- APN
- W-000-1592-020
- APU
- W0001592020
Description
This two-story, 4,058-square-foot commercial property at 10 South Crenshaw Avenue, located in Richmond's vibrant Carytown submarket, presents a unique opportunity for retail or office tenants. Situated just off West Cary Street, this location offers the benefits of Carytown's bustling atmosphere without the premium rent of a Cary Street address. The building features a flexible layout, currently offering 4,058 square feet of vacant space divisible to a minimum of 360 square feet. The first floor boasts a previously established salon setup with a large adaptable room, suitable for retail or office use. The second floor includes a small suite with a reception area, two treatment rooms, and an apartment. A basement provides additional space ideal for storage or administrative offices. Separate entrances allow for partial leasing options. The property's zoning is B-4. While on-site parking is not available, a nearby public parking deck provides convenient access. The building's previous tenant, a successful local business, highlights the location's potential for growth and profitability within Carytown's diverse and established commercial environment. This property is move-in ready and offers a chance to establish or expand a business in a high-traffic area known for its eclectic mix of boutiques, cafes, and specialty stores. The adaptable space allows for customization to suit various business needs.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $1,316,486
- 6.5%
- $1,215,218
- 7%
- $1,128,416
-
Comparable approach
- Method
- Valuation
- Relative Method
- $1,707,871
- Geo Method
- $1,707,871
-
Alternative Use
- Use
- Valuation
- Residential
- $1,025,082
- Hospitality
- $938,969
- Educational
- $781,211
- Medical
- $808,078
- Retail
- $1,215,218
Location Insight
- City
- Richmond
- County
- Richmond City
- State
- Virginia
- Latitude
- 37.5554
- Longitude
- -77.4849
- CBSA code
- 40060
- CBSA name
- RICHMOND, VA METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
- How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
- Please email our support team at [email protected] and they will add the team member.
- How do I access a private listing?
- Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
- How can I contact the broker?
- We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
- How do I unsubscribe from emails?
- At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].