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Office

Scott's Addition Office Building

3412 W Leigh St, Richmond, VA 23230

Listing Price: $2,000,000

Cap Rate
2.36%
Gross SF
11,130
Rentable SF
11,130
Price/Gross SF
$179.69
Lot Size
0.26 acres
Year Built
1951

Investment Overview

Welcome to Scott's Addition one of Metro Richmond's hottest new live-work-play destinations for residents, office and retail uses. Once a bustling industrial area, Scotts Addition is now the City of Richmond's fastest growing neighborhood, adding over 3,500 residents in the past seven years alone. Perhaps now best known for its impressive collection of over 13 breweries, cideries, meaderies, and distilleries, Scotts Addition is also a booming entertainment district featuring acclaimed local restaurants, a growing number of shops, a rooftop bar, a boutique bowling alley, cinema, shuffleboard bar, and more its truly the spot to live, work, and play! This site has easy access to public transportation via the PULSE rapid transit express bus line. Tenants in park include scores of breweries, restaurants, experiential entertainment venues and thousands of new apartments. This site has become the new center of gravity in the Metro Richmond area for modern urban living. 3410-3412 W Leigh Street offering consists of one 11,130 square foot office building situated on a .26 acre rectangular parcel with approximately 90 feet of public road frontage. The upstairs building has been redeveloped into a co-working office space at present with existing tenants while the downstairs area is being finished as a cold vanilla shell with new core improvements completed by current ownership. The proforma financial analysis provided herein is based on lease up of entire RBA at $19.50 psf/yr, NNN which is the prevailing rate for office in Scott's Addition as of 1st quarter 2021. This asset represents an excellent opportunity for an owner occupant or end user secure a office location that is attractive to amenity focused occupiers who understand the value of location, transit access and walkability.

Investment Highlights

  • Scott's Addition location
  • B-7 zoning allows for a wide variety of uses including retail, office and residential
  • Live-work-play lifestyle center in Richmond's Urban Core

Exclusively Listed By

Financing By

Office

Scott's Addition Office Building

Listing Price: $2,000,000

Cap Rate
2.36%
Gross SF
11,130
Rentable SF
11,130
Price/Gross SF
$179.69
Lot Size
0.26 acres
Year Built
1951

Investment Highlights

  • Scott's Addition location
  • B-7 zoning allows for a wide variety of uses including retail, office and residential
  • Live-work-play lifestyle center in Richmond's Urban Core

Investment Overview

Welcome to Scott's Addition one of Metro Richmond's hottest new live-work-play destinations for residents, office and retail uses. Once a bustling industrial area, Scotts Addition is now the City of Richmond's fastest growing neighborhood, adding over 3,500 residents in the past seven years alone. Perhaps now best known for its impressive collection of over 13 breweries, cideries, meaderies, and distilleries, Scotts Addition is also a booming entertainment district featuring acclaimed local restaurants, a growing number of shops, a rooftop bar, a boutique bowling alley, cinema, shuffleboard bar, and more its truly the spot to live, work, and play! This site has easy access to public transportation via the PULSE rapid transit express bus line. Tenants in park include scores of breweries, restaurants, experiential entertainment venues and thousands of new apartments. This site has become the new center of gravity in the Metro Richmond area for modern urban living. 3410-3412 W Leigh Street offering consists of one 11,130 square foot office building situated on a .26 acre rectangular parcel with approximately 90 feet of public road frontage. The upstairs building has been redeveloped into a co-working office space at present with existing tenants while the downstairs area is being finished as a cold vanilla shell with new core improvements completed by current ownership. The proforma financial analysis provided herein is based on lease up of entire RBA at $19.50 psf/yr, NNN which is the prevailing rate for office in Scott's Addition as of 1st quarter 2021. This asset represents an excellent opportunity for an owner occupant or end user secure a office location that is attractive to amenity focused occupiers who understand the value of location, transit access and walkability.

Exclusively Listed By

Financing By

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