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