1606 Magnolia StRichmond, VA 23222

Property Details for 1606 Magnolia St

Year built

1953

Construction

WOOD

Lot size

1.37 AC

Property size (Sq ft)

20,363 SF

Zone code

M-1 LIGHT INDUSTRIAL

Property type

Industrial properties

Property subtype

Flex space

APN

N-000-0719-030

APU

N0000719030

Description

This exceptional 20,363-square-foot warehouse, located at 1606 Magnolia St in Richmond, Virginia, presents a compelling investment opportunity. Built in 1953 and renovated in 1990, this single-story building sits on a 1.4-acre lot and is zoned M-1 Light, offering versatility for various industrial uses. The property boasts a 15-foot ceiling height, two loading docks, and one dock-high door, facilitating efficient operations. Its strategic location within the dynamic Richmond area provides excellent access to transportation networks and a skilled workforce. The solid foundation and adaptable layout make it suitable for expansion or redevelopment, catering to the needs of businesses seeking a versatile and spacious industrial space. This owner-user opportunity allows for significant customization and control, making it an attractive option for industrial investors seeking a strong foundation for growth and long-term success in a thriving market. The property's ample space and strategic location make it well-suited for optimizing manufacturing processes or adapting to new industrial ventures. This is a rare chance to acquire a substantial industrial property in a desirable location.

• Alternative Use

  Use

  Valuation

  Residential

  $5,368,398

  Hospitality

  $4,917,424

  Educational

  $4,091,238

  Medical

  $4,231,942

  Retail

  $6,364,148

Location Insight

City

Richmond

County

Richmond City

State

Virginia

Latitude

37.564

Longitude

-77.4171

CBSA code

40060

CBSA name

RICHMOND, VA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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