1623 Main StRichmond, VA 23219
- Retail properties
- 11,760 SF
Property Details for 1623 Main St
- Year built
- 1940
- Construction
- TYPE NOT SPECIFIED
- Lot size
- 0.27 AC
- Property size (Sq ft)
- 11,760 SF
- Zone code
- UB-PO3 PARKING OVERLAY
- Property type
- Retail properties
- Property subtype
- Retail space
- APN
- W-000-0658-004
- APU
- W0000658004
Description
This exceptional 11,760-square-foot creative office space is available for lease at 1623 W. Main Street in Richmond, Virginia. Located in Richmond city County, zip code 23219, this single-tenant property offers a unique opportunity for businesses seeking a large, adaptable workspace. The building's classification includes both retail and office uses, providing flexibility for a variety of tenants. The entire space is currently vacant, presenting a blank canvas for a prospective tenant to customize to their specific needs. The property's address is conveniently situated at 1623 W. Main Street, offering excellent visibility and accessibility. With its substantial square footage, this property is ideal for companies requiring ample room for operations, creative studios, or expansive office layouts. The property's location within Richmond city County provides access to a vibrant urban environment, offering a wealth of amenities and resources. This is a rare opportunity to secure a significant footprint in a desirable Richmond location. The property is ready for immediate occupancy, allowing for a swift and efficient transition for the new tenant. Interested parties are encouraged to inquire further to explore the possibilities this remarkable space offers. The property is categorized as a creative office space, suggesting a design conducive to innovative and collaborative work environments. The building's size and layout are well-suited for businesses seeking a prominent presence in the Richmond market.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $3,815,332
- 6.5%
- $3,521,845
- 7%
- $3,270,284
-
Comparable approach
- Method
- Valuation
- Relative Method
- $4,949,375
- Geo Method
- $4,949,375
-
Alternative Use
- Use
- Valuation
- Residential
- $2,970,808
- Hospitality
- $2,721,244
- Educational
- $2,264,043
- Medical
- $2,341,907
- Retail
- $3,521,845
Location Insight
- City
- Richmond
- County
- Richmond City
- State
- Virginia
- Latitude
- 37.5475
- Longitude
- -77.4619
- 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].