1000 Semmes Ave | Richmond, VA 23224
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1000 Semmes Ave
Richmond, VA 23224
Office For Sale · Office Property For Sale
·
225,918 SF
PROPERTY FACTS
| Price | Not Individually For Sale | Lot Size | 1.85 AC |
| Building Size | 225,918 SF | Tenancy | Single |
| Property Type | Office | Parking Ratio | 2.66/1,000 SF |
| Building Class | C |
| Price | Not Individually For Sale |
| Building Size | 225,918 SF |
| Property Type | Office |
| Building Class | C |
| Lot Size | 1.85 AC |
| Tenancy | Single |
| Parking Ratio | 2.66/1,000 SF |
EXECUTIVE SUMMARY
Cushman & Wakefield | Thalhimer is pleased to present Semmes by the James (“the Offering”), consisting of nearly four (4) city blocks in the heart of Manchester one of Richmond’s most thriving neighborhoods and located directly across from the Richmond, VA Central Business District with expansive views of the James River.
The Offering consists of four parcels, one of which was the corporate headquarters for Overnite Transportation and the remaining parcels include two (2) full city blocks that serve as surface parking for the office building and a large grass and wooded lot.
Located within an Opportunity Zone, the combined landholdings are approximately 7.3 acres which include 239,900 SF of existing office space built in two-phases between 1974 and 1990.
The Offering represents Richmond’s premier redevelopment site including the largest contiguous block of office space available in the market. The Seller has started the process of adjusting the zoning of the Offering to increase the density potential and mix of uses of these parcels. The expected timeline for completion of the rezoning is April 2023.
Semmes by the James is located in the heart of Manchester with incredible views overlooking the James River and Richmond’s Central Business District. Manchester is considered Richmond’s fastest growing neighborhood with over 1,000 units and $400 million invested since 2020. The Offering is strategically located just a few blocks from the James River, Potterfield Bridge, Richmond’s riverfront district and the James River Park System. The neighborhood is home to a growing number of amenities including restaurants, breweries, and shopping.
The Offering consists of four parcels, one of which was the corporate headquarters for Overnite Transportation and the remaining parcels include two (2) full city blocks that serve as surface parking for the office building and a large grass and wooded lot.
Located within an Opportunity Zone, the combined landholdings are approximately 7.3 acres which include 239,900 SF of existing office space built in two-phases between 1974 and 1990.
The Offering represents Richmond’s premier redevelopment site including the largest contiguous block of office space available in the market. The Seller has started the process of adjusting the zoning of the Offering to increase the density potential and mix of uses of these parcels. The expected timeline for completion of the rezoning is April 2023.
Semmes by the James is located in the heart of Manchester with incredible views overlooking the James River and Richmond’s Central Business District. Manchester is considered Richmond’s fastest growing neighborhood with over 1,000 units and $400 million invested since 2020. The Offering is strategically located just a few blocks from the James River, Potterfield Bridge, Richmond’s riverfront district and the James River Park System. The neighborhood is home to a growing number of amenities including restaurants, breweries, and shopping.
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