1650 Willow Lawn DrRichmond, VA 23230

Property Details for 1650 Willow Lawn Dr

Year built

1989

Lot size

1.16 AC

Property size (Sq ft)

19,300 SF

Zone code

B-2

Property type

Office buildings

APN

772-737-9849

APU

7727379849

Description

This exceptional 17,749 square foot office building, located at 1650 Willow Lawn Drive in Richmond, Virginia, presents a compelling investment opportunity. Built in 1989, this three-story structure sits on a 1.156-acre lot and features a desirable B-1 zoning designation. The property boasts a prominent corner location with excellent street visibility, enhanced by its attractive brick exterior. The building comprises approximately 13,951 square feet of traditional and creative office space, spread across two floors, and a ground floor previously occupied by a bank, including a drive-thru and ATM. This former bank space adds 3,085 square feet to the total area. An additional 713 square feet of covered mall space and 60 parking spots further enhance the property's appeal. The building's location within a revitalized commercial neighborhood, adjacent to the thriving Willow Lawn shopping center, ensures high foot traffic and visibility. This property is ideal for owner-occupancy or presents significant potential for redevelopment into multi-family or condo units. The asking price is $3,700,000, translating to $208.46 per square foot. The property's APN is 772-737-9849, and it is owned by Clm LLC.

• CAP approach

  CAP return

  Valuation

  6%

  $4,259,806

  6.5%

  $3,932,128

  7%

  $3,651,262

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,223,293

  Geo Method

  $3,223,293

• Alternative Use

  Use

  Valuation

  Residential

  $4,875,839

  Hospitality

  $4,466,242

  Educational

  $3,715,861

  Medical

  $3,843,655

  Retail

  $5,780,228

Location Insight

City

Richmond

County

Henrico

State

Virginia

Latitude

37.5833

Longitude

-77.499

CBSA code

40060

CBSA name

RICHMOND, VA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].