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409 E Laburnum Ave 200 - 400 SF of Office Space Available in Richmond, VA 23222
HIGHLIGHTS
- Hub Zone, Enterprise Zone and Opportunity Zone
- Excellent exposure to Laburnum at the Raceway complex
- B-2 Zoning
SPACE AVAILABILITY (1)
Display Rental Rate as
- SPACE
- SIZE
- CEILING
- TERM
- RENTAL RATE
- RENT TYPE
| Space | Size | Ceiling | Term | Rental Rate | Rent Type | |
| 2nd Floor | 200-400 SF | 9’ | Negotiable | $9.00 /SF/YR $0.75 /SF/MO $3,600 /YR $300.00 /MO | Full Service |
2nd Floor
Flexible on space and term of lease. Excellent opportunity for different size of office needs. Available individual office spaces. Utilities and janitorial are included. Brand new finishes and exterior improvement under way. Property to be ready for occupancy October 1st. 2nd floor - no elevator. Individual private office starting at $350 per office. Shared bathrooms and kitchenette.
- Rate includes utilities, building services and property expenses
- Fully Built-Out as Standard Office
- 14 Private Offices
- 1 Conference Room
- Finished Ceilings: 9’
- Space is in Excellent Condition
- Central Air and Heating
- Fully Carpeted
Rent Types
The rent amount and type that the tenant (lessee) will be responsible to pay to the landlord (lessor) throughout the lease term is negotiated prior to both parties signing a lease agreement. The rent type will vary depending upon the services provided. For example, triple net rents are typically lower than full service rents due to additional expenses the tenant is required to pay in addition to the base rent. Contact the listing broker for a full understanding of any associated costs or additional expenses for each rent type.
1. Full Service: A rental rate that includes normal building standard services as provided by the landlord within a base year rental.
2. Double Net (NN): Tenant pays for only two of the building expenses; the landlord and tenant determine the specific expenses prior to signing the lease agreement.
3. Triple Net (NNN): A lease in which the tenant is responsible for all expenses associated with their proportional share of occupancy of the building.
4. Modified Gross: Modified Gross is a general type of lease rate where typically the tenant will be responsible for their proportional share of one or more of the expenses. The landlord will pay the remaining expenses. See the below list of common Modified Gross rental rate structures: 4. Plus All Utilities: A type of Modified Gross Lease where the tenant is responsible for their proportional share of utilities in addition to the rent. 4. Plus Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of cleaning in addition to the rent. 4. Plus Electric: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical cost in addition to the rent. 4. Plus Electric & Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical and cleaning cost in addition to the rent. 4. Plus Utilities and Char: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the utilities and cleaning cost in addition to the rent. 4. Industrial Gross: A type of Modified Gross lease where the tenant pays one or more of the expenses in addition to the rent. The landlord and tenant determine these prior to signing the lease agreement.
5. Tenant Electric: The landlord pays for all services and the tenant is responsible for their usage of lights and electrical outlets in the space they occupy.
6. Negotiable or Upon Request: Used when the leasing contact does not provide the rent or service type.
7. TBD: To be determined; used for buildings for which no rent or service type is known, commonly utilized when the buildings are not yet built.
PROPERTY FACTS
| Total Space Available | 400 SF | Gross Leasable Area | 9,720 SF |
| Min. Divisible | 200 SF | Year Built | 1967 |
| Property Type | Retail | Parking Ratio | 1.95/1,000 SF |
| Property Subtype | Storefront Retail/Office |
| Total Space Available | 400 SF |
| Min. Divisible | 200 SF |
| Property Type | Retail |
| Property Subtype | Storefront Retail/Office |
| Gross Leasable Area | 9,720 SF |
| Year Built | 1967 |
| Parking Ratio | 1.95/1,000 SF |
ABOUT THE PROPERTY
Located less than one mile from the Richmond Raceway, this is a terrific opportunity to get ahead of the upcoming development in Northside Richmond before it is too late! The property is located less than a mile from the desirable Ginter Park, and just two-and-half miles from Bellevue. The building is also less than a mile from up-and-coming Edgewood and Brookland Park neighborhoods and is only four miles from downtown Richmond. It is located in Hub Zone, the Henrico Enterprise Zone, as well as the newly established by "The Federal Tax Cuts and Jobs Act of 2017" Opportunity Zone. Many tax and grant opportunities are available through these programs. The first floor of the building is the perfect space for either an office or retail tenant and was previously occupied by a local painting company. This first-floor commercial space totals 5,752 square feet and includes a showroom at the front of the building. The building also has two oversize 2 vehicle garage available for rent. The second floor of the building totals 3,968 square feet 16 office rooms, which can be partitioned as need. They can be leased individually or all together..
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409 E Laburnum Ave
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