706 Decatur StRichmond, VA 23224

  • Industrial properties
  • 9,102 SF
For Sale

Property Details for 706 Decatur St

Year built
1959
Construction
STONE
Lot size
0.40 AC
Property size (Sq ft)
9,102 SF
Zone code
B-7 CENTRAL BUSINESS
Property type
Industrial properties
Property subtype
Other warehouses
APN
S-000-0111-005
APU
S0000111005

Description

This exceptional Richmond, Virginia property presents a unique investment opportunity. The assemblage comprises a substantial 10,652 square foot warehouse, ideally suited for a variety of industrial or office uses. The main building offers 9,102 square feet of versatile space, encompassing warehouse, showroom, and office areas, providing ample room for operations and potential expansion. An additional 1,550 square foot auxiliary building offers further flexibility and storage capacity. The property sits on a sizable 0.745-acre lot, including a fenced storage yard, providing ample outdoor space for equipment, materials, or additional parking. Constructed in 1959, the buildings are situated at 706, 710, 712, and 714 Decatur Street, Richmond, VA 23224, within the B-7 zoning district. This zoning designation allows for a wide range of commercial and industrial uses, making this property highly adaptable to various business needs. The combination of substantial indoor and outdoor space, along with its favorable zoning, makes this an attractive proposition for businesses seeking a well-located and versatile property in the vibrant Richmond market. The property's location offers easy access to major transportation routes and amenities, enhancing its overall appeal and potential for growth.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $1,932,946
    Hospitality
    $1,770,568
    Educational
    $1,473,092
    Medical
    $1,523,754
    Retail
    $2,291,476
706 Decatur St, Richmond, Virginia

Location Insight

City
Richmond
County
Richmond City
State
Virginia
Latitude
37.5222
Longitude
-77.4392
CBSA code
40060
CBSA name
RICHMOND, VA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2020
$20
$649,000
$162,000
$811,000
-
$649,000
$162,000
$811,000

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