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Investment Highlights

  • Fully built out as a medical office, previously used for radiology.
  • Contains a large reception area and reception office space.
  • Convenient access to Interstate 64 supports regional connectivity.
  • Set up with exam rooms for privately meeting with patients.
  • Three private bathrooms, a kitchenette, and a laundry room make this space functional.
  • Located within Richmond's established West End business corridor.

Executive Summary

Office/medical condominium located at 2530 Gaskins Road in Richmond, Virginia. The unit was built in 2007 and is situated within a multi-tenant office condominium development. The property includes an existing medical office layout with examination rooms, on-site parking, and direct access to the Gaskins Road corridor near Interstate 64. The surrounding area contains office, medical, and commercial uses.

1 Unit Available

  • Unit
  • Unit Size
  • Condo Use
  • Price
  • NOI
  • Unit B
  • 2,359 SF
  • Office/Medical
  • $750,000 ($317.93/SF)
  • -
Sale Type Investment or Owner User
Sale Status Under Contract
Description
Condo in excellent condition. Ideal for any medical practice. 5 examination rooms.
Sale Notes
2530 Gaskins Road presents an opportunity to acquire a professionally maintained medical office condominium in Richmond's West End. The property is configured for medical and professional office use and includes multiple examination rooms, allowing an owner-user or investor to benefit from an established healthcare-oriented layout. The condominium's flexible design also supports a variety of professional uses, including legal, accounting, consulting, and other office-based operations.

The property is positioned just off Interstate 64, providing convenient regional access for employees, clients, and patients traveling throughout the Richmond metropolitan area. Its location along the Gaskins Road corridor places it within an established business and medical services area, surrounded by office, healthcare, and commercial uses that contribute to daily activity and visibility. Ample on-site parking and a well-maintained building environment support efficient day-to-day operations and visitor convenience.

For investors, the asset offers a condominium ownership structure within an established office development. For owner-users, the existing medical buildout can reduce occupancy preparation time and provide a practical framework for healthcare or professional office operations. The combination of accessibility, parking, professional surroundings, and functional interior improvements positions the property as a compelling opportunity within Richmond's West End office market.
Unit Unit Size Condo Use Price NOI
Unit B 2,359 SF Office/Medical $750,000 ($317.93/SF) -

Unit B

Unit Size
2,359 SF
Condo Use
Office/Medical
Price
$750,000 ($317.93/SF)
NOI
-

Unit B

Unit Size 2,359 SF
Condo Use Office/Medical
Price $750,000 ($317.93/SF)
NOI -
Sale Type Investment or Owner User
Sale Status Under Contract
Description
Condo in excellent condition. Ideal for any medical practice. 5 examination rooms.</li></ul>
Sale Notes
2530 Gaskins Road presents an opportunity to acquire a professionally maintained medical office condominium in Richmond&#39;s West End. The property is configured for medical and professional office use and includes multiple examination rooms, allowing an owner-user or investor to benefit from an established healthcare-oriented layout. The condominium&#39;s flexible design also supports a variety of professional uses, including legal, accounting, consulting, and other office-based operations.<br> <br> The property is positioned just off Interstate 64, providing convenient regional access for employees, clients, and patients traveling throughout the Richmond metropolitan area. Its location along the Gaskins Road corridor places it within an established business and medical services area, surrounded by office, healthcare, and commercial uses that contribute to daily activity and visibility. Ample on-site parking and a well-maintained building environment support efficient day-to-day operations and visitor convenience.<br> <br> For investors, the asset offers a condominium ownership structure within an established office development. For owner-users, the existing medical buildout can reduce occupancy preparation time and provide a practical framework for healthcare or professional office operations. The combination of accessibility, parking, professional surroundings, and functional interior improvements positions the property as a compelling opportunity within Richmond&#39;s West End office market.</li></ul>

Property Facts Under Contract

The following property facts and amenities apply to the entire building. Details for individual condo units may vary and are listed in the unit information above.
Total Building Size 5,454 SF
Property Type Office (Condo)
Property Subtype Medical
Building Class B
Floors 1
Typical Floor Size 5,454 SF
Year Built 2007
Lot Size 3.58 AC
Parking Ratio 5.5/1,000 SF
Zoning O2C - Office Park District Zoning

Amenities

  • Air Conditioning
Fairly walkable
40/100
Exceptionally drivable
100/100
Moderately bikeable
70/100
  • Listing ID: 32083873

  • Date on Market: 6/10/2024

  • Last Updated:

  • Address: 2530 Gaskins Rd, Richmond, VA 23238

Contact the Sale Advisor

2530 Gaskins Rd - Condo Bldg #5

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