2025 Main StRichmond, VA 23223

Property Details for 2025 Main St

Year built

1958

Construction

TYPE NOT SPECIFIED

Lot size

0.60 AC

Property size (Sq ft)

24,394 SF

Zone code

B-5 CENTRAL BUSINESS

Property type

Office properties

Property subtype

Other office properties

APN

E-000-0192-008

APU

E0000192008

Description

This two-story, 24,394 square foot office building at 2025 E Main St, Richmond, VA 23223, offers multiple tenancy options in a vibrant location. Built in 1958, the property sits on a 0.59-acre lot and is zoned B-5. Suites range from a minimum of 300 square feet to a maximum contiguous space of 2,000 square feet, providing flexibility for businesses of various sizes. The building features convenient off-street parking. Located in Richmond's historic Shockoe Bottom district, this property provides easy access to major highways and public transportation, as well as numerous restaurants, cafes, and retail shops. The property includes a full-service rate encompassing utilities and janitorial services. The building's APN is E0000192008. This is an excellent opportunity for businesses seeking a well-located, flexible office space in a thriving area.

• CAP approach

  CAP return

  Valuation

  6%

  $4,525,914

  6.5%

  $4,177,767

  7%

  $3,879,355

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,737,761

  Geo Method

  $4,074,042

• Alternative Use

  Use

  Valuation

  Residential

  $5,180,431

  Hospitality

  $4,745,247

  Educational

  $3,947,990

  Medical

  $4,083,767

  Retail

  $6,141,318

Location Insight

City

Richmond

County

Richmond City

State

Virginia

Latitude

37.5312

Longitude

-77.4255

CBSA code

40060

CBSA name

RICHMOND, VA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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