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1901 Westwood Avenue 1901 Westwood Ave 58,000 SF 100% Leased Industrial Building Richmond, VA 23227 $5,500,000 ($94.83/SF)

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Investment Highlights

Scott's Addition 2.0 area
OZ & EZ incentives
44,500 SF warehouse

Multi-family, mixed-use or industrial
13,500 SF office
Contact agents for pricing

Executive Summary

Rare opportunity to purchase a large 2.7 acre parcel in the hot Westwood submarket. Immediate access to I-64, I-95 and I-195. The B-7 zoning is extremely flexible and allows for a wide spectrum of uses and redevelopment options. A business owner could occupy and lease any warehouse that they don’t need. It also has major potential as a redevelopment for multifamily, mixed-use, commercial or industrial.
Opportunity Zone and Enterprise Zone incentives make any redevelopment, renovation or adaptive reuse of the property extremely attractive.

1901 Westwood Ave (2.10.26)

Property Facts

Price	$5,500,000	No. Stories	1
Price Per SF	$94.83	Year Built/Renovated	1948/1975
Sale Type	Investment or Owner User	Parking Ratio	0.88/1,000 SF
Property Type	Industrial	Clear Ceiling Height	24’
Property Subtype	Warehouse Flex Light Manufacturing Flex Showroom Industrial Distribution	No. Dock-High Doors/Loading	3
Building Class	B	No. Drive In / Grade-Level Doors	5
Lot Size	2.70 AC	Cross Streets	Lanvale
Rentable Building Area	58,000 SF	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	B7

Price	$5,500,000
Price Per SF	$94.83
Sale Type	Investment or Owner User
Property Type	Industrial
Property Subtype	Warehouse Flex Light Manufacturing Flex Showroom Industrial Distribution
Building Class	B
Lot Size	2.70 AC
Rentable Building Area	58,000 SF
No. Stories	1
Year Built/Renovated	1948/1975
Parking Ratio	0.88/1,000 SF
Clear Ceiling Height	24’
No. Dock-High Doors/Loading	3
No. Drive In / Grade-Level Doors	5
Cross Streets	Lanvale
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	B7