101 E 7th St - Warehouse FOR SALE


Richmond, VA 23224- Old Town Manchester
$1,900,000 USD
804-683-5366
101 E 7th St, Richmond, VA for Sale
$1,900,000 USD
Warehouse - FOR SALE
1/20
null | Request Cap Rate

101 E 7th St
Richmond, VA 23224
Old Town Manchester


HIGHLIGHTS

  • Prime Manchester/Opportunity Zone location
  • Excellent visability: located within an area undergoing extensive redevelopment
  • Nearby interstate highway access

OVERVIEW

This Opportunity Zone property on the corner of Decatur and E. 7th Streets is in historic Old Manchester, just south of Richmond’s downtown financial district. Richmond’s fastest growing neighborhood, Old Manchester, is the leading area for development in the Richmond region. Since 2020 Manchester has seen the most investment of any neighborhood with investment of over $450 million and 1,000+ apartments. A revitalized submarket featuring many amenities including cafes, restaurants, breweries and art and music studios, Manchester benefits from its location along the James River and proximity to parks and amenities along the riverfront. The property offers great visibility along Commerce Road with a traffic count of 20,000 VPD. The offering includes the main 9,102 square foot Flex/Office/Warehouse building and detached ~1550 square foot storage building which has been home to the Lewis Supply Company since 1958. The assemblage is comprised of 4 lots (706, 710-714 Decatur Street) totaling approximately 3/4 acre.

FOR SALE DETAILS

PRICE

$1,900,000 USD

PRICE/SF

$209 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Warehouse

ADD'L SUBTYPES

undefined, R&D, Light Distribution

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1959

UTILITIES

Gas - Natural, Water - City, Sewer - City

CLEAR CEILING HT

15 Ft

DOCKS

1

DRIVE INS

1

PARKING SPACES

16

LAND DETAILS

LAND ACRES

0.75

LAND SF

32,670

ZONING

B-7

APN/PARCEL ID

S000-0111-002,S000-0111-003,S000-0111-004,S000-0111-005

ASK ABOUT THIS PROPERTY

Ken HurstKen Hurst Real EstateMore Info
804-683-5366

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Ken HurstKen Hurst Real EstateMore Info
804-683-5366

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