Log In/Sign Up
Your email has been sent.
7 E 16th St
Richmond, VA 23224
Family Dollar · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Freestanding building with branding potential
- 10 dedicated parking spaces on-site
- High traffic counts on Hull Street and Cowardin Avenue
- Located in Manchester’s redevelopment corridor
- Surrounded by over 50 multifamily communities
EXECUTIVE SUMMARY
7 E. 16th Street presents a compelling investment or owner-user acquisition in Richmond’s dynamic Manchester neighborhood. This 8,395-square-foot freestanding building sits at the intersection of growth and accessibility, surrounded by over 50 multifamily communities including The Mill at Manchester, The Commodore, and Hydro Apartments. With 10 on-site parking spaces and adjacency to Hull Street’s revitalization corridor, the property offers immediate utility and long-term upside.
The site benefits from strong demographics, including a 5-mile population of 262,600 and average household income of $90,126. Its location near major thoroughfares and redevelopment projects positions it for adaptive reuse, retail conversion, or continued commercial occupancy. Whether for investment or business expansion, this asset delivers scale, visibility, and strategic placement in one of Richmond’s most active submarkets.
The site benefits from strong demographics, including a 5-mile population of 262,600 and average household income of $90,126. Its location near major thoroughfares and redevelopment projects positions it for adaptive reuse, retail conversion, or continued commercial occupancy. Whether for investment or business expansion, this asset delivers scale, visibility, and strategic placement in one of Richmond’s most active submarkets.
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Freestanding
Building Size
8,395 SF
Building Class
C
Year Built/Renovated
1939/2004
Tenancy
Single
Building Height
1 Story
Building FAR
0.33
Lot Size
0.59 AC
Opportunity Zone
Yes
Zoning
B-5 - B-5 - Business (Central Business), property allows retail , office or residential very flexible this area is going through major re-development
Parking
45 Spaces (5.36 Spaces per 1,000 SF Leased)
Frontage
AMENITIES
- Bus Line
- Pylon Sign
- Signage
PROPERTY TAXES
| Parcel Number | S000-0196-011 | Improvements Assessment | $537,000 |
| Land Assessment | $436,000 | Total Assessment | $973,000 |
PROPERTY TAXES
Parcel Number
S000-0196-011
Land Assessment
$436,000
Improvements Assessment
$537,000
Total Assessment
$973,000
1 of 5
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
