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$ 350,000
Est. payment | /mo
6,402 SqFt
$ 350,000
Est. payment | /mo
6,402 SqFt
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 6,402 sqft
Price per Sqft $54
MLS Listing ID 2525043
Construction Status Renovated
HOA Y/N No
Year Built 1966
Lot Size 0.330 Acres
Acres 0.33
Property Description
This property will be sold via online simulcast on Double A Auction & Realty's website (VAAL#1011) on Thursday September 25 at 11AM. No pre-auction offers. Listing price is opening bid. Terms are 10% Buyer's Premium; $5,000 non-refundable deposit; closing in 45 days.
Property Overview
This North Avenue office building, offered together with its adjacent paved parking lot, presents a compelling opportunity in Richmond's stabilizing office market. While currently vacant, the property benefits from its location in a walkable corridor of the city's Northside neighborhood. Limited new supply, modest rent growth, and steady occupancy in comparable buildings create favorable conditions for repositioning, owner-occupancy, or investment lease-up.
Included Parcels
2824 North Avenue – Professional Office Building (PIN N0000783003)
2820 North Avenue – Paved Surface Parking Lot (PIN N0000783004)
Site & Improvements
Combined Lot Size: ±0.33 acres (0.186 acres + 0.153 acres)
Building Size: ±5,122 SF (Class C Office, built 1930/1966 per records)
Stories: One-story masonry with basement
Parking: On-site paved lot with approx. 10 marked spaces
Zoning/Use: Professional office with paved parking
Market & Investment Highlights
Northside Submarket Vacancy: 4.4% (below metro average of 8.7%)
Walk Score: 74 (Very Walkable)
Transit Score: 43 (Some Transit)
Tax & Assessment Information (2025)
2824 North Ave (Office): $516,000 total ($85,000 land + $431,000 improvements); Building area 5,122 SF
2820 North Ave (Parking Lot): $85,000 total ($79,000 land + $6,000 improvements); Lot size 0.153 acres
Combined Assessment: $601,000
Property Overview
This North Avenue office building, offered together with its adjacent paved parking lot, presents a compelling opportunity in Richmond's stabilizing office market. While currently vacant, the property benefits from its location in a walkable corridor of the city's Northside neighborhood. Limited new supply, modest rent growth, and steady occupancy in comparable buildings create favorable conditions for repositioning, owner-occupancy, or investment lease-up.
Included Parcels
2824 North Avenue – Professional Office Building (PIN N0000783003)
2820 North Avenue – Paved Surface Parking Lot (PIN N0000783004)
Site & Improvements
Combined Lot Size: ±0.33 acres (0.186 acres + 0.153 acres)
Building Size: ±5,122 SF (Class C Office, built 1930/1966 per records)
Stories: One-story masonry with basement
Parking: On-site paved lot with approx. 10 marked spaces
Zoning/Use: Professional office with paved parking
Market & Investment Highlights
Northside Submarket Vacancy: 4.4% (below metro average of 8.7%)
Walk Score: 74 (Very Walkable)
Transit Score: 43 (Some Transit)
Tax & Assessment Information (2025)
2824 North Ave (Office): $516,000 total ($85,000 land + $431,000 improvements); Building area 5,122 SF
2820 North Ave (Parking Lot): $85,000 total ($79,000 land + $6,000 improvements); Lot size 0.153 acres
Combined Assessment: $601,000
Location
State VA
County Richmond City
Area 30 - Richmond
Interior
Heating Electric, Forced Air, Natural Gas
Exterior
Roof Type Flat
Topography Level
Building
Lot Description Level
Building Description Brick, Single-Tenant
Story 1
Sewer Public Sewer
Water Public
Level or Stories One
Structure Type Brick
Construction Status Renovated
Others
Tax ID N000-0783-003 & 4
Ownership Investment,Owner-User
Listed by Double A Auction & Realty