1211 Main StRichmond, VA 23220

Property Details for 1211 Main St

Year built

1866

Construction

TYPE NOT SPECIFIED

Lot size

0.10 AC

Property size (Sq ft)

12,539 SF

Zone code

B-4 CENTRAL BUSINESS

Property type

Investment properties

Property subtype

Live-work space

APN

E-000-0082-006

APU

E0000082006

Description

This exceptional 2,878 square foot office space, located at 1211-1213 West Main Street in Richmond's Historic Fan District, is available for immediate lease. The property, built in 1900 and situated in a two-story building, offers a flexible layout ideal for a variety of office uses. The space is fully adaptable to meet diverse business needs, boasting a combination of private offices, conference rooms, and open work areas. With a minimum divisible space of 1,439 square feet and a maximum contiguous space of 2,878 square feet, this property provides ample room for growth. Currently, 2,761 square feet are vacant. Conveniently located near Virginia Commonwealth University (VCU), this prime location offers excellent walkability and accessibility. The building features both front and rear entrances for easy access. Off-street parking is negotiable. Its central location provides quick access to Downtown Richmond and major roadways including the Downtown Expressway, I-95, and I-195. The property is zoned UB. The building does not have elevators. This is a single-tenancy space in a one-building property. The APN is W0000441002. This newly renovated space presents a unique opportunity for businesses seeking a vibrant and convenient location in the heart of Richmond's Historic Fan District.

• CAP approach

  CAP return

  Valuation

  6%

  $2,638,175

  6.5%

  $2,435,238

  7%

  $2,261,292

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,819,528

  Geo Method

  $2,094,138

• Alternative Use

  Use

  Valuation

  Residential

  $3,019,695

  Hospitality

  $2,766,025

  Educational

  $2,301,300

  Medical

  $2,380,445

  Retail

  $3,579,800

Location Insight

City

Richmond

County

Richmond City

State

Virginia

Latitude

37.5362

Longitude

-77.4336

CBSA code

40060

CBSA name

RICHMOND, VA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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