710 Perry StRichmond, VA 23224

Property Details for 710 Perry St

Year built

1966

Construction

TYPE NOT SPECIFIED

Lot size

0.52 AC

Property size (Sq ft)

4,692 SF

Zone code

B-7 CENTRAL BUSINESS

Property type

Office properties

Property subtype

Office buildings

APN

S-000-0026-001

APU

S0000026001

Description

This exceptional 7,800-square-foot property, situated in Richmond's Manchester District, offers a unique blend of office and warehouse space. The single-tenant building, constructed in 1968 and renovated in 2017, sits on a one-acre lot (43,500 square feet) and features a fenced yard, providing ample secure outdoor space. The building comprises three structures, all single-story, totaling 7,800 square feet of entirely vacant space. The layout includes approximately 4,700 square feet of traditional office space and 3,100 square feet of warehouse space. Convenient features include one loading dock, one dock-high door, and six drive-in doors, ensuring efficient loading and unloading. The property's zoning is Industrial and B-4, allowing for a variety of uses. Its strategic location offers easy access to Downtown Richmond, Downtown Expressway (195), Interstate 95, Interstate 64, VCU, VCU Health, and numerous amenities including restaurants and retail establishments. The high population density within a one, three, and five-mile radius (16,000, 132,000, and 264,000 respectively) makes this an ideal location for businesses seeking high visibility and accessibility. The property is located at 710 Perry St, with cross streets of West Commerce Road, Perry and Porter Streets. This is a rare opportunity to acquire a versatile property in a thriving submarket.

• CAP approach

  CAP return

  Valuation

  6%

  $870,525

  6.5%

  $803,562

  7%

  $746,164

• Comparable approach

  Method

  Valuation

  Relative Method

  $526,588

  Geo Method

  $783,611

• Alternative Use

  Use

  Valuation

  Residential

  $996,416

  Hospitality

  $912,712

  Educational

  $759,366

  Medical

  $785,482

  Retail

  $1,181,236

Location Insight

City

Richmond

County

Richmond City

State

Virginia

Latitude

37.5254

Longitude

-77.4429

CBSA code

40060

CBSA name

RICHMOND, VA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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