3117 W Clay St - Loft/Creative Space FOR SALE


Richmond, VA 23230- Scott's Addition
$5,200,000 USD
804-539-3017
3117 W Clay St, Richmond, VA for Sale
$5,200,000 USD
Loft/Creative Space - FOR SALE
1/39
null | 7.21% Cap Rate

3117 W Clay St
Richmond, VA 23230
Scott's Addition


HIGHLIGHTS

  • 7.2 cap rate on in-place NOI
  • 30 parking spaces
  • Excellent tenant mix
  • Beautiful renovation

OVERVIEW

One South Commercial is pleased to present for sale the office building located at 3117 West Clay Street. Take advantage of this incredible opportunity to buy a cash flowing asset at an attractive cap rate in the heart of Scotts Addition. Current ownership renovated the property in 2020 and has been fully occupied with a stable tenant base ever since. All leases are NNN protecting the new owner from increased cost or tax assessments. Rents are arguably below market for this location with excellent parking. Opportunities like this don’t come around often.

FOR SALE DETAILS

PRICE

$5,200,000 USD

PRICE/SF

$372 USD /SF

CAP RATE

7.21%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Clay Suites

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Loft/Creative Space

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

A

YEAR BUILT

1969

SPRINKLERS

-

PARKING SPACES

30

LAND DETAILS

LAND ACRES

0.04 AC

LAND SF

1,742 SF

ZONING

M-1

APN/PARCEL ID

N000-1712-003

ASK ABOUT THIS PROPERTY

Tom RosmanOne South CommercialMore Info
804-539-3017

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Tom RosmanOne South CommercialMore Info
804-539-3017

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.