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1005 Commerce Rd
Richmond, VA 23224

Industrial Property For Sale

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Investment Highlights

Proximity to James River, flood wall and bike trails
Access to Public Transportation along Commerce RD

New retail and creative offices along 14th ST
1.5 Miles from Richmond’s Central Business District

Executive Summary

1005 Commerce Rd. is located in the Priority Growth Node of Manchester within the city of Richmond, identified as one of Richmond’s top growth hubs for commercial and residential activity over the next decade. Only 1.5 miles from Richmond’s Central Business District and easily accessible from I-95’s new Maury St. roundabout, 1005 Commerce Rd., is nestled in a growing community including a 9-story apartment building planned on 3.47 acres to the West, and LaDIFF, Richmond’s premier furniture retailer, to the South. Situated by numerous outdoor amenities, its proximity to Downtown, and new retail shops in the surrounding
neighborhood are quickly transforming the Manchester area around 1005 Commerce.

PROPERTY FACTS

Sale Type	Investment or Owner User	No. Stories	1
Sale Conditions	Redevelopment Project	Year Built	1900
Property Type	Industrial	Tenancy	Single
Property Subtype	Manufacturing	Parking Ratio	1.33/1,000 SF
Building Class	C	No. Dock-High Doors/Loading	2
Lot Size	2.17 AC	No. Drive In / Grade-Level Doors	3
Rentable Building Area	22,500 SF	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.

Sale Type	Investment or Owner User
Sale Conditions	Redevelopment Project
Property Type	Industrial
Property Subtype	Manufacturing
Building Class	C
Lot Size	2.17 AC
Rentable Building Area	22,500 SF
No. Stories	1
Year Built	1900
Tenancy	Single
Parking Ratio	1.33/1,000 SF
No. Dock-High Doors/Loading	2
No. Drive In / Grade-Level Doors	3
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.

Amenities

Bus Line

Fenced Lot

PROPERTY TAXES

Parcel Numbers	Multiple S000-0388-003 S000-0388-008	Improvements Assessment	$318,557 CAD
Land Assessment	$742,352 CAD	Total Assessment	$1,060,909 CAD

PROPERTY TAXES

Parcel Numbers

Multiple

S000-0388-003
S000-0388-008

Land Assessment

$742,352 CAD

Improvements Assessment

$318,557 CAD

Total Assessment

$1,060,909 CAD

zoning

Zoning Code	M-2 (Heavy Industrial)
M-2 (Heavy Industrial)

Listing ID: 26881335
Date on Market: 2022-10-18
Last Updated:
Address: 1005 Commerce Rd, Richmond, VA 23224

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