Sold

2025 E Main St

VA, 23223

$2,900,000


$80.56 per sqft

Sold

36,000 sqft

Commercial

Built in 1958

2025 E Main St offers an investor a highly desirable mix of small office tenants, many long-term, who have contributed to the property's consistent performance over the years. This rare and unique offering is ideally suited for a multi-pronged and dynamic real estate investment strategy, providing an immediate stable cash flow with long term potential for redevelopment into a scaled multi-family or mixed-use asset. Situated at the corner of East Main Street and North 21st St, 2025 E Main St features an approximately 36,000 gross square foot mid-century building on a gently sloped site. The property's unique site allows the property to appear as a 2 story structure on the Main St side and a 3 story structure on the south side, with direct entry from the rear parking lot. There are 42 parking spots in the lot, currently not separately monetized apart from the building's 23 office suites. The property features over 26,000 SF of rentable office space and has seen several renovations in recent years including a new roof, lobby, and restroom renovations, a new high efficiency boiler, and a complete re-painting of the entire exterior.

2231129

MLS ID

October 24, 2022

Listed

March 19, 2024

Updated

Map

2025 E Main St
VA, 23223

Interior Features

Total Stories

2


Fireplace

No


Cooling

Yes


Cooling Description

Central Air


Heating

No

Exterior/Building Features

Lot Features

Level


Roof

Flat


Sewer

Public Sewer

Other Property Details

Area Name

10 - Richmond


Days on Market

457


Garage

No


View

No


County

Richmond City


Water Source

Public


Pool

No


Buyer Agency Compensation

2%

 

Courtesy of One South Commercial LLC

All or a portion of the multiple listing information is provided by the Central Virginia Regional Multiple Listing Service, LLC, from a copyrighted compilation of listings. All CVR MLS information provided is deemed reliable but is not guaranteed accurate. The compilation of listings and each individual listings are ©2024 Central Virginia Regional Multiple Listing Service, LLC. All rights reserved. Property locations as displayed on any map are best approximations only and exact locations should be independently verified.

Date last updated: 3/19/2024

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