Property Description

This unusual opportunity consists of 30,000 Square Feet of luxury office and retail space in Richmond's Historic Shockoe Slip Neighborhood. Originally built as stores and warehouses in the late 1800's, then owned and impeccably maintained by the Commonwealth of Virginia until purchased by the current owners and totally renovated in 2018 into the present uses. The office space is currently occupied by financial firms and other businesses while a yoga and wellness studio occupy a portion of the ground floor and finished basement. All the spaces are considered Class A. The buildings feature large timber beams, brick walls, spacious ceiling heights, large windows - all giving it an open feel. The top two floors and the penthouse are leased to the anchor tenant through 2029. The space is first class, and the amenities include a full-sized gym, putting green, private roof- top meeting rooms with spectacular views, private offices and private elevator access. The building is in top condition with no deferred maintenance. The superior location and historic attributes make this a rare opportunity. The demand in the immediate submarket for office, residential, dining, retail or event space is very strong. The walkability rating is extremely high, making this a great location for your tenants. A new owner can repurpose some spaces of the building into other uses if desired. The spaces are flexible and could easily be changed. It would also be an ideal spot for an owner occupant to run their business while collecting the rental income from the other tenants. The demand is high for historic properties and would be an ideal spot for any business wanting to be in Downtown Richmond. The property's proximity to the Virginia State Capital is also ideal for office users. The property currently grosses over $670,000 annually and is perfectly situated to provide substantial returns on investment for the discerning buyer.

Property Features