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27 E 2nd St 66,528 SF 100% Leased Industrial Building Richmond, VA 23224 $4,800,000 ($72.15/SF)
Executive Summary
The asset is positioned on 0.42 acres as a 4-story historic tax credit project, with a potential unit count to be determined. The subject site boasts excellent, perpetually unobstructed views of the CBD, along with convenient access to I-95 and exceptional walkability, placing it steps away from diverse retail, dining, entertainment, and transit options, plus direct access to biking and walking trails.
The building is fully sprinklered and was last inspected in September 2025. An additional 0.16-acre lot provides flexibility for surface parking or a future dog park.
The building is fully sprinklered and was last inspected in September 2025. An additional 0.16-acre lot provides flexibility for surface parking or a future dog park.
Property Facts
| Price | $4,800,000 | Rentable Building Area | 66,528 SF |
| Price Per SF | $72.15 | No. Stories | 4 |
| Sale Type | Investment | Year Built | 1928 |
| Property Type | Industrial | No. Dock-High Doors/Loading | 2 |
| Property Subtype | Warehouse | No. Drive In / Grade-Level Doors | 2 |
| Building Class | C | Cross Streets | Decatur |
| Lot Size | 0.42 AC | Opportunity Zone |
Yes
|
| Zoning | B-7 | ||
| Price | $4,800,000 |
| Price Per SF | $72.15 |
| Sale Type | Investment |
| Property Type | Industrial |
| Property Subtype | Warehouse |
| Building Class | C |
| Lot Size | 0.42 AC |
| Rentable Building Area | 66,528 SF |
| No. Stories | 4 |
| Year Built | 1928 |
| No. Dock-High Doors/Loading | 2 |
| No. Drive In / Grade-Level Doors | 2 |
| Cross Streets | Decatur |
| Opportunity Zone |
Yes |
| Zoning | B-7 |
Amenities
- Signage
1 1
Fairly walkable
50/100
Exceptionally drivable
90/100
Some public transit
40/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | S000-0073-014 | Improvements Assessment | $1,225,000 |
| Land Assessment | $884,000 | Total Assessment | $2,109,000 |
Property Taxes
Parcel Number
S000-0073-014
Land Assessment
$884,000
Improvements Assessment
$1,225,000
Total Assessment
$2,109,000
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