FOR SALE | 1208 E Cary St Richmond, VA 23219

$3,700,000
Price

Office
Property Type

.16 AC
Parcel

25,842 SF
GBA

Active Listing

About This Property

25,000+ SF of Commercial Space in Historic Shockoe Slip

One South Commercial is honored to present the listing at 1208-1212 East Cary to the marketplace. This unusual opportunity consists of 25, 842 Square Feet spread over 4 contiguous buildings in Richmond’s Historic Shockoe Slip Neighborhood. The properties house office users in the upper floors and a Richmond landmark, Sam Miller’s Restaurant, in the lower floors. Originally built as stores and warehouses in the late 1800’s, the buildings were totally renovated in the 1980’s into the present uses. Over the past few decades, the owners have continually updated the spaces and common areas. The office space is currently occupied by financial firms and other businesses and are considered Class A spaces. The buildings feature large timber beams, brick walls, spacious ceiling heights, large windows – all giving it an open feel.

The buildings are 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. 1208-1212 East Cary is perfectly situated to provide substantial returns on investment for the discerning buyer.

Additional Information

84
Walkability

48
Transit

Parcel ID E0000082019-22
Road Frontage E Cary St
Zoning Desc. B-5 Central Business
Construction Date 1870
Co-broker Fee Yes

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