101 E 7th Street, Richmond, VA 23224

Property Description

This Opportunity Zone property on the corner of Decatur and E. 7th Streets is in historic Old Manchester, just south of Richmond’s downtown financial district. Richmond’s fastest growing neighborhood, Old Manchester, is the leading area for development in the Richmond region. Since 2020 Manchester has seen the most investment of any neighborhood with investment of over $450 million and 1,000+ apartments. A revitalized submarket featuring many amenities including cafes, restaurants, breweries and art and music studios, Manchester benefits from its location along the James River and proximity to parks and amenities along the riverfront. The property offers great visibility along Commerce Road with a traffic count of 20,000 VPD. The offering includes the main 9,102 square foot Flex/Office/Warehouse building and detached ~1550 square foot storage building which has been home to the Lewis Supply Company since 1958. The assemblage is comprised of 4 lots (706, 710-714 Decatur Street) totaling approximately 3/4 acre.