1312 2Nd StRichlands, VA 24641
- Office properties
- 1,000 SF
Property Details for 1312 2Nd St
- Year built
- 1940
- Lot size
- 0.07 AC
- Property size (Sq ft)
- 1,000 SF
- Property type
- Office properties
- Property subtype
- Office buildings
- APN
- 105A511040006A-0007A
- APU
- 105A511040006A0007A
Description
This 1,454 square foot executive office space at 1312 Second Street, Richlands, VA 24641, presents a unique investment opportunity. Located in the heart of Richlands, this property boasts a rich history, having previously served as the Richlands Post Office and later converted into three separate office condominiums – a first for Tazewell County. The building, constructed in 1940 and zoned B2, offers flexible space ideal for a single business or two separate entities. The layout currently includes approximately 770 square feet on the main level and 684 square feet in the basement. Interior walls are easily reconfigurable to suit individual needs. The asking price is $56,400. On-street and off-street parking is available. While other units in the building are available, this listing is exclusively for 1312 Second Street. This property is vacant and ready for immediate occupancy. Buyers are responsible for any necessary renovations to meet their specific business requirements. The property's historical significance and central location in Richlands make it an attractive proposition for entrepreneurs and investors alike.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $109,712
- 6.5%
- $101,272
- 7%
- $94,039
-
Comparable approach
- Method
- Valuation
- Relative Method
- $126,933
- Geo Method
- $169,340
-
Alternative Use
- Use
- Valuation
- Residential
- $125,578
- Hospitality
- $115,029
- Educational
- $95,702
- Medical
- $98,994
- Retail
- $148,870
Location Insight
- City
- Richlands
- County
- Tazewell
- State
- Virginia
- Latitude
- 37.0935
- Longitude
- -81.7965
- CBSA code
- 14140
- CBSA name
- BLUEFIELD, WV-VA MICROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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