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511 W Clay St 4,560 SF Retail Building Richmond, VA 23220 $676,500 ($148.36/SF)
INVESTMENT HIGHLIGHTS
- Strong VCU growth area
- Roll-up doors for versatile access
- Enterprise Zone III & Jackson Ward Care Area
- Clean industrial finishes with updated systems
- Potential residential conversion
EXECUTIVE SUMMARY
This versatile partially conditioned warehouse studio space has upgraded HVAC, electrical and plumbing systems, with a newly renovated break area, modern industrial finishes and classic exposed brick walls. This unique studio space is well located within a strong population and rental area just blocks from VCU and the heart of the vibrant Arts District.
TAXES & OPERATING EXPENSES (ACTUAL - 2025) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Taxes |
-
|
-
|
| Operating Expenses |
-
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-
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| Total Expenses |
$99,999
|
$9.99
|
TAXES & OPERATING EXPENSES (ACTUAL - 2025) Click Here to Access
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS Under Contract
Sale Type
Owner User
Property Type
Retail
Property Subtype
Storefront
Building Size
4,560 SF
Building Class
C
Year Built
1964
Price
$676,500
Price Per SF
$148.36
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.99
Lot Size
0.11 AC
Opportunity Zone
Yes
Zoning
R-6
Parking
2 Spaces (0.44 Spaces per 1,000 SF Leased)
Frontage
AMENITIES
- Air Conditioning
Walk Score®
Walker's Paradise (94)
Bike Score®
Very Bikeable (80)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | N000-0241-005 | Improvements Assessment | $264,000 |
| Land Assessment | $115,000 | Total Assessment | $379,000 |
PROPERTY TAXES
Parcel Number
N000-0241-005
Land Assessment
$115,000
Improvements Assessment
$264,000
Total Assessment
$379,000
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511 W Clay St
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