1806 Summit AveRichmond, VA 23230

Property Details for 1806 Summit Ave

Year built

1950

Construction

TYPE NOT SPECIFIED

Lot size

1.19 AC

Property size (Sq ft)

36,628 SF

Zone code

M-1 LIGHT INDUSTRIAL

Property type

Office properties

Property subtype

Other office properties

APN

N-000-1722-003

APU

N0001722003

Description

This exceptional Class A office space, located in the vibrant heart of Richmond's Scotts Addition neighborhood at 1806 Summit Ave, offers seven individual suites perfect for a variety of businesses. The building totals 1,388 square feet, with flexible suite sizes ranging from a minimum of 108 square feet to a maximum contiguous space of 217 square feet. Currently, all 1,388 square feet are available for lease. The property's versatile layout makes it ideal for executive offices, coworking spaces, or creative office environments. Its prime location in Scotts Addition provides easy access to a thriving community of restaurants, shops, and entertainment venues. The address is 1806 Summit Ave, Richmond, VA 23230. This is a fantastic opportunity to establish a presence in one of Richmond's most sought-after areas. The building is ready for immediate occupancy. Contact us today to schedule a viewing and explore the possibilities of making this exceptional space your new business home. The property is categorized as an office building with multiple tenancies.

• CAP approach

  CAP return

  Valuation

  6%

  $8,083,704

  6.5%

  $7,461,881

  7%

  $6,928,890

• Comparable approach

  Method

  Valuation

  Relative Method

  $6,117,242

  Geo Method

  $6,117,242

• Alternative Use

  Use

  Valuation

  Residential

  $9,252,732

  Hospitality

  $8,475,453

  Educational

  $7,051,478

  Medical

  $7,293,988

  Retail

  $10,968,965

Location Insight

City

Richmond

County

Richmond City

State

Virginia

Latitude

37.5702

Longitude

-77.4679

CBSA code

40060

CBSA name

RICHMOND, VA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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