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Owner Occupant or Office Investment 311 S Arthur Ashe Boulevard 9,500 SF 100% Leased Office Building Richmond, VA 23220 $2,700,000 ($284.21/SF)
Investment Highlights
- Large historic office & carriage house style office buildings
- Includes two (2) large lots - 3 parcels total
- 9,500 SF total
- Excellent potential development opportunity
Executive Summary
One South Commercial is pleased to offer 311 South Arthur Ashe Boulevard, containing a 9,000 square foot Historic Office Building and a 500 square foot carriage house style office building.
Both buildings contain classic architecture and modern amenities. The larger office was constructed in 1910 and offers large, airy spaces that are sought after for office users who want relief from cramped, modern buildings. The offering includes two adjacent parking lots that can be developed into residential uses. The location is in a prime area
of the city that is within walking distance to Carytown and unbeatable access to Major Highways 64, 95, and 195.
Whether you are seeking a unique owner-occupant opportunity with additional rental and development income or an investment property with endless potential, this is a chance to own a piece of history right in the city’s most sought after neighborhood.
Both buildings contain classic architecture and modern amenities. The larger office was constructed in 1910 and offers large, airy spaces that are sought after for office users who want relief from cramped, modern buildings. The offering includes two adjacent parking lots that can be developed into residential uses. The location is in a prime area
of the city that is within walking distance to Carytown and unbeatable access to Major Highways 64, 95, and 195.
Whether you are seeking a unique owner-occupant opportunity with additional rental and development income or an investment property with endless potential, this is a chance to own a piece of history right in the city’s most sought after neighborhood.
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Property Facts
Sale Type
Investment or Owner User
Property Type
Office
Property Subtype
Office/Residential
Building Size
9,500 SF
Building Class
A
Year Built
1910
Price
$2,700,000
Price Per SF
$284.21
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
4,750 SF
Building FAR
0.32
Lot Size
0.69 AC
Zoning
R-48 & R-63
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Walk Score®
Walker's Paradise (92)
Bike Score®
Very Bikeable (76)
Property Taxes
| Parcel Number | W000-1198-013 | Improvements Assessment | $1,256,000 |
| Land Assessment | $422,000 | Total Assessment | $1,678,000 |
Property Taxes
Parcel Number
W000-1198-013
Land Assessment
$422,000
Improvements Assessment
$1,256,000
Total Assessment
$1,678,000
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Owner Occupant or Office Investment | 311 S Arthur Ashe Boulevard
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