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1603 Ownby Ln 31,300 SF 100% Leased Industrial Building Richmond, VA 23220 $6,695,000 ($213.90/SF)

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Investment Highlights

B-7 Zoning allows for multi-family, office, hotel, warehouse and distribution.
The Diamond District will include a 180-room hotel, 1,100 multi-family units, offices and 58,000 SF of retail space.
Park RVA Entertainment Center nearby.

New VCU Athletic Village and New Baseball Stadium is under construction.
New condo and multi-family development built across the street.
Masonry building with two loading docks.

Marketing Brochure/Flyer

Property Facts

Price	$6,695,000	Rentable Building Area	31,300 SF
Price Per SF	$213.90	No. Stories	1
Sale Type	Investment or Owner User	Year Built	1942
Sale Condition	Redevelopment Project	Parking Ratio	2.56/1,000 SF
Property Type	Industrial	Clear Ceiling Height	32’
Property Subtype	Distribution Showroom Industrial Warehouse Industrial Service	No. Dock-High Doors/Loading	3
Building Class	C	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Lot Size	3.89 AC
Zoning	B-7

Price	$6,695,000
Price Per SF	$213.90
Sale Type	Investment or Owner User
Sale Condition	Redevelopment Project
Property Type	Industrial
Property Subtype	Distribution Showroom Industrial Warehouse Industrial Service
Building Class	C
Lot Size	3.89 AC
Rentable Building Area	31,300 SF
No. Stories	1
Year Built	1942
Parking Ratio	2.56/1,000 SF
Clear Ceiling Height	32’
No. Dock-High Doors/Loading	3
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Zoning	B-7

Cooler

Fenced Lot

Freezer (Space)

Lighting
Gas
Water
Sewer
Heating

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Bike Score®

Very Bikeable (79)

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Property Taxes

Parcel Number	N000-1294-056	Improvements Assessment	$589,000
Land Assessment	$2,572,000	Total Assessment	$3,161,000

Property Taxes

Parcel Number

N000-1294-056

Land Assessment

$2,572,000

Improvements Assessment

$589,000

Total Assessment

$3,161,000

(757) 627-8611

Contacts

Reid Cardon
Nathan Shor
S.L. Nusbaum Realty Co.

Listing ID: 31062136
Date on Market: 2/27/2024
Last Updated:
Address: 1603 Ownby Ln, Richmond, VA 23220

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