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1701 E Parham Rd 24,552 SF Office Building Richmond, VA 23228 $3,200,000 ($130.34/SF)
Investment Highlights
- 1701 E Parham Rd offers a rare blend of location, flexibility, and value-add opportunity in one of Richmond’s most trafficked suburban corridors.
- This 34,765 SF office-and-warehouse property sits on nearly 4 acres.
Executive Summary
Take advantage of a prime investment opportunity with this partially leased commercial property in one of Henrico’s most active corridors. Strategically located near I-95 and I-295, the property delivers high visibility, reliable income, and long-term growth potential. The interior features modernized, adaptable spaces designed to accommodate a range of professional uses, including medical, office, and financial services. Anchored by a strong local tenant with a secure lease and solid financial history, this asset offers both stability and scalability.
Property Facts Under Contract
Sale Type
Owner User
Property Type
Office
Property Subtype
Building Size
24,552 SF
Building Class
B
Year Built/Renovated
1975/2015
Price
$3,200,000
Price Per SF
$130.34
Tenancy
Single
Building Height
3 Stories
Typical Floor Size
8,184 SF
Slab To Slab
11’
Building FAR
0.14
Lot Size
3.92 AC
Zoning
O-3C - office
Parking
87 Spaces (3.54 Spaces per 1,000 SF Leased)
Amenities
- Controlled Access
- Security System
- Signage
- Wheelchair Accessible
- Reception
- Key Fob Entry
- Air Conditioning
- On-Site Security Staff
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Fairly walkable
40/100
Exceptionally drivable
100/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | 778-757-8541 | Improvements Assessment | $2,389,300 |
| Land Assessment | $307,900 | Total Assessment | $2,697,200 |
Property Taxes
Parcel Number
778-757-8541
Land Assessment
$307,900
Improvements Assessment
$2,389,300
Total Assessment
$2,697,200
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