2306 Leigh StRichmond, VA 23223

Property Details for 2306 Leigh St

Year built

1920

Construction

TYPE NOT SPECIFIED

Lot size

0.08 AC

Property size (Sq ft)

3,308 SF

Zone code

UB-PE1-PE6 PARKING EXEMPT

Property type

Investment properties

Property subtype

Live-work space

APN

E-000-0293-013

APU

E0000293013

Description

This exceptional 3,308 square foot property, located in the heart of Church Hill, presents a unique investment opportunity. Currently configured as a former salon, the 1,578 square foot ground floor space is available for immediate occupancy. All existing salon equipment and supplies are included, making this a truly turnkey operation for a prospective salon owner. However, the flexible layout and prime location also make it perfectly suited for a variety of other uses, including retail, restaurant, or coffee shop concepts. The building's strategic position directly across from Union Market provides unparalleled visibility and access to a high volume of foot traffic. This vibrant neighborhood boasts a thriving community, with popular neighboring establishments such as Pizza Bones, Sub Rosa Bakery, and Roosevelt. The property's single-tenant occupancy ensures ease of management and potential for strong rental income. This is a rare chance to acquire a well-situated, versatile commercial space in one of Richmond's most desirable neighborhoods. The property offers significant potential for a variety of businesses seeking a high-traffic location with existing infrastructure. Don't miss this opportunity to establish your business in the heart of Church Hill.

• CAP approach

  CAP return

  Valuation

  6%

  $613,746

  6.5%

  $566,535

  7%

  $526,068

• Comparable approach

  Method

  Valuation

  Relative Method

  $371,260

  Geo Method

  $552,469

• Alternative Use

  Use

  Valuation

  Residential

  $702,503

  Hospitality

  $643,489

  Educational

  $535,376

  Medical

  $553,788

  Retail

  $832,806

Location Insight

City

Richmond

County

Richmond City

State

Virginia

Latitude

37.5353

Longitude

-77.4174

CBSA code

40060

CBSA name

RICHMOND, VA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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