1015 Main StRichmond, VA 23219

Property Details for 1015 Main St

Year built

1870

Construction

TYPE NOT SPECIFIED

Lot size

0.09 AC

Property size (Sq ft)

12,041 SF

Zone code

B-4 CENTRAL BUSINESS

Property type

Office properties

Property subtype

Other office properties

APN

E-000-0080-008

APU

E0000080008

Description

The Branch Building, located at 1015 E Main St in Richmond, VA 23219, offers a unique opportunity to lease executive office space in a historic building. This Class B property, built in 1866, boasts a total of 12,259 square feet spread across six stories. Currently, there is 2,900 square feet of vacant space available on the first floor, perfect for a single tenant seeking a prominent location. The building is zoned B-4 and situated in Richmond city, within easy access to the city's amenities and transportation networks. The building features a total of 10 parking spaces per 1,000 square feet, providing ample parking for tenants and their clients. While the building currently houses only one suite, the layout offers flexibility for potential modifications to suit various business needs. This is a rare chance to secure a substantial space in a landmark Richmond building with a rich history. The property's location on E Main Street offers high visibility and accessibility, making it an ideal location for businesses seeking a prestigious address. The available 2,900 square feet provides a significant opportunity for a company looking to establish or expand its presence in the vibrant Richmond market. Interested parties should inquire about lease terms and conditions.

• CAP approach

  CAP return

  Valuation

  6%

  $2,595,309

  6.5%

  $2,395,670

  7%

  $2,224,550

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,879,111

  Geo Method

  $2,010,967

• Alternative Use

  Use

  Valuation

  Residential

  $2,970,630

  Hospitality

  $2,721,082

  Educational

  $2,263,908

  Medical

  $2,341,767

  Retail

  $3,521,635

Location Insight

City

Richmond

County

Richmond City

State

Virginia

Latitude

37.5371

Longitude

-77.435

CBSA code

40060

CBSA name

RICHMOND, VA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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