Home Details for 2824 North Avenue

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

• Heating Information

  • Electric
  • Forced Air
  • Natural Gas

• Water Features

  • Public