1623 Main StRichmond, VA 23219

  • Retail properties
  • 11,760 SF
For Lease

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
1623 Main St, Richmond, Virginia

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

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
$527,000
$2,109,000
$2,636,000
-
$527,000
$2,109,000
$2,636,000

FAQs

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