1623 Main StRichmond, VA 23219

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 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.

• 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

FAQs

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