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7 E 16th St 8,395 SF of Retail Space Available in Richmond, VA 23224
Highlights
- Situated along E 16th Street with 132 feet of frontage for maximum visibility.
- ±45 dedicated parking spaces ensure customer convenience and accessibility.
- Located in a well-established retail district with notable co-tenancy including Dollar Tree and Rite Aid.
- Close proximity to major routes, including Jefferson Davis Highway, Hull Street, and I-95 access.
Space Availability (1)
Display Rental Rate as
- Space
- Size
- Term
- Rental Rate
- Rent Type
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor | 8,395 SF | Negotiable | Upon Request Upon Request Upon Request Upon Request | TBD |
1st Floor
This property features a freestanding Family Dollar store available for lease in a busy commercial area of Richmond. The building spans approximately 8,779 square feet on a 0.59-acre lot, offering significant frontage (132 feet) along E 16th Street. The site includes surface parking with ±45 spaces and excellent accessibility from major roadways. The location is in a dense retail corridor near Jefferson Davis Highway and Hull Street, surrounded by national chains like Dollar Tree, Dollar General, Rite Aid, and Sunoco. The property’s B-2 zoning supports various retail uses, and its position in a high-traffic, established neighborhood ensures strong visibility. This is a high-potential property for tenants seeking a turnkey retail opportunity in Richmond’s urban core.
- Fully Built-Out as Standard Retail Space
- Space is an outparcel at this property
Rent Types
The rent amount and type that the tenant (lessee) will be responsible to pay to the landlord (lessor) throughout the lease term is negotiated prior to both parties signing a lease agreement. The rent type will vary depending upon the services provided. For example, triple net rents are typically lower than full service rents due to additional expenses the tenant is required to pay in addition to the base rent. Contact the listing broker for a full understanding of any associated costs or additional expenses for each rent type.
1. Full Service: A rental rate that includes normal building standard services as provided by the landlord within a base year rental.
2. Double Net (NN): Tenant pays for only two of the building expenses; the landlord and tenant determine the specific expenses prior to signing the lease agreement.
3. Triple Net (NNN): A lease in which the tenant is responsible for all expenses associated with their proportional share of occupancy of the building.
4. Modified Gross: Modified Gross is a general type of lease rate where typically the tenant will be responsible for their proportional share of one or more of the expenses. The landlord will pay the remaining expenses. See the below list of common Modified Gross rental rate structures: 4. Plus All Utilities: A type of Modified Gross Lease where the tenant is responsible for their proportional share of utilities in addition to the rent. 4. Plus Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of cleaning in addition to the rent. 4. Plus Electric: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical cost in addition to the rent. 4. Plus Electric & Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical and cleaning cost in addition to the rent. 4. Plus Utilities and Char: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the utilities and cleaning cost in addition to the rent. 4. Industrial Gross: A type of Modified Gross lease where the tenant pays one or more of the expenses in addition to the rent. The landlord and tenant determine these prior to signing the lease agreement.
5. Tenant Electric: The landlord pays for all services and the tenant is responsible for their usage of lights and electrical outlets in the space they occupy.
6. Negotiable or Upon Request: Used when the leasing contact does not provide the rent or service type.
7. TBD: To be determined; used for buildings for which no rent or service type is known, commonly utilized when the buildings are not yet built.
Site Plan
Property Facts
| Total Space Available | 8,395 SF | Gross Leasable Area | 8,395 SF |
| Property Type | Retail | Year Built/Renovated | 1939/2004 |
| Property Subtype | Freestanding | Parking Ratio | 5.36/1,000 SF |
| Total Space Available | 8,395 SF |
| Property Type | Retail |
| Property Subtype | Freestanding |
| Gross Leasable Area | 8,395 SF |
| Year Built/Renovated | 1939/2004 |
| Parking Ratio | 5.36/1,000 SF |
About the Property
The property at 7 E 16th Street in Richmond is zoned B-2, supporting commercial uses. It is located near Jefferson Davis Highway and Hull Street in a neighborhood with significant retail presence and proximity to residential blocks. The site offers surface parking and is in an area served by arterial roads with access to I-95.
- Bus Line
- Pylon Sign
- Signage
Nearby Major Retailers
Presented by
7 E 16th St
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