116 S 3rd St | Richmond, VA 23219
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116 S 3rd St
Richmond, VA 23219
Office Property For Sale
Investment Highlights
- Eligible for historic tax credits.
- Single tenant or multi-tenant building.
- Highly visible corner location.
- Owner-occupant or redevelopment opportunity.
Executive Summary
15,930± SF office building for sale
B-3 and TOD-1 zoning
Eligible for historic tax credits
Highly visible corner location
Easily accessible
Single tenant or multi-tenant building
Proximity to public transportation
Owner-occupant or redevelopment opportunity
3 stories with flexible and efficient floor plans
Above average parking ratio of ± 2.2 : 1,000± SF on site
Well-maintained historic building featuring high ceilings & beautiful architectural details
Convenient access to highly traveled major roadways
Walkability to VCU, CBD, State Capitol, entertainment, restaurants, and other desirable amenities
B-3 and TOD-1 zoning
Eligible for historic tax credits
Highly visible corner location
Easily accessible
Single tenant or multi-tenant building
Proximity to public transportation
Owner-occupant or redevelopment opportunity
3 stories with flexible and efficient floor plans
Above average parking ratio of ± 2.2 : 1,000± SF on site
Well-maintained historic building featuring high ceilings & beautiful architectural details
Convenient access to highly traveled major roadways
Walkability to VCU, CBD, State Capitol, entertainment, restaurants, and other desirable amenities
PROPERTY FACTS
Sale Type
Investment or Owner User
Sale Condition
Redevelopment Project
Property Type
Office
Building Size
15,930 SF
Building Class
C
Year Built
1920
Price
$1,900,000
Price Per SF
$119
Percent Leased
Vacant
Tenancy
Multiple
Building Height
3 Stories
Typical Floor Size
7,965 SF
Slab To Slab
12’
Building FAR
1.11
Lot Size
0.33 AC
Zoning
B-3 and TOD-1 - Medium density neighborhood business zoning. Eligible for historic tax credits
Parking
32 Spaces (2.01 Spaces per 1,000 SF Leased)
Amenities
- Bus Line
PROPERTY TAXES
| Parcel Number | W000-0045-008 | Improvements Assessment | $1,218,000 |
| Land Assessment | $653,000 | Total Assessment | $1,871,000 |
PROPERTY TAXES
Parcel Number
W000-0045-008
Land Assessment
$653,000
Improvements Assessment
$1,218,000
Total Assessment
$1,871,000
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