122 Granite AveRichmond, VA 23226

  • Office properties
  • 2,200 SF
For Sale

Property Details for 122 Granite Ave

Year built
1920
Construction
WOOD
Lot size
0.15 AC
Property size (Sq ft)
2,200 SF
Zone code
R-4 SINGLE FAMILY
Property type
Office properties
Property subtype
Office buildings
APN
W-020-0185-025
APU
W0200185025

Description

This exceptional 8,400-square-foot executive office space is available for lease at 122 Granite Avenue in Richmond, Virginia. Located in Richmond city County, zip code 23226, this single-tenant property offers a unique opportunity for businesses seeking a prominent location. The entire building is currently vacant, presenting a blank canvas for a discerning tenant to customize the space to their exact specifications. The property is classified as both retail and office, offering flexibility in its potential use. Its prime location in Richmond provides excellent access to major transportation routes and amenities. The building's substantial size allows for a variety of configurations, accommodating large teams or businesses requiring expansive work areas. With 8,400 square feet of completely vacant space, this property presents a rare opportunity to secure a significant footprint in a desirable Richmond location. The address is 122 Granite Avenue, Richmond, VA 23226. This property is ideal for a company seeking a high-profile presence in a thriving urban environment. The building's size and layout offer significant potential for customization and branding opportunities. Interested parties are encouraged to inquire for further details and leasing information. The property is ready for immediate occupancy.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $485,488
    6.5%
    $448,143
    7%
    $416,132
  • Comparable approach

    Method
    Valuation
    Relative Method
    $367,422
    Geo Method
    $367,422
  • Alternative Use

    Use
    Valuation
    Residential
    $555,697
    Hospitality
    $509,015
    Educational
    $423,495
    Medical
    $438,059
    Retail
    $658,770
122 Granite Ave, Richmond, Virginia

Location Insight

City
Richmond
County
Richmond City
State
Virginia
Latitude
37.5724
Longitude
-77.5173
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
$705,000
$283,000
$988,000
-
$705,000
$283,000
$988,000

FAQs

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