SCOTT’S ADDITION3007 West Clay Street, Richmond, VA 23230
commonwealthcommercial.com
TAB
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Investment Overview . . . . . . . . . . . . . . . . . . . . . . .1
Market Overview . . . . . . . . . . . . . . . . . . . . . . . . . . 2
Richmond . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2
Scott’s Addition . . . . . . . . . . . . . . . . . . . . . . . . 5
Our Team . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7
BENJAMIN L. BRUNI
Vice President / PartnerT 804-433-1817F 804-346-5901E rwyatt@commonwealthcommercial .com
RUSSELL G. WYATT
Sales & Leasing AssociateT 804-793-0046F 804-346-5901E bbruni@commonwealthcommercial .com
Commonwealth Commercial Partners, LLC represents the Owner of this property . Information contained herein, is deemed reliable but not guaranteed .
01. INVESTMENT OVERVIEW
The Offering
Commonwealth Commercial Partners is pleased to
present for sale 3007 West Clay Street located in
the hip Scott’s Addition neighborhood . This 10,800±
SF flex space includes 6,580± SF of warehouse and
4,320± SF of office . This property affords an
excellent renovation opportunity due to its recently
adopted B-7 zoning . This allows for a variety of
improvements that can complement the current
amenities, which include:
›› 18ˇ– 20ˇclear ceiling
›› Fenced in lot for storage or parking
›› 3-Phase 400 Amp electrical service
›› Four 10ˇ x 12ˇ drive-in doors
›› Floor drains
›› FIOS onsite
1
office space4,320±
SFflex space10,800±
SF6,580±warehouse space
SF + =
1.950MPRICE
$
02. MARKET OVERVIEW
2
Richmond
Richmond is drawing national attention for the many
advantages it offers to businesses . Leading publications
like the Wall Street Journal and kiplinger.com have given
Richmond high marks, including: “Best Small City of
the Future,” “The 4th Best City for Commuters,” and
“The #1 Digital City .” With a top ranking for business
from Forbes and CNBC and below average employee
cost, Richmond is consistently considered a top place
to locate a business .
RICHMOND MARKET ATTRACTS BUSINESSWITH TOP RANKINGS AND LOW COSTS .
BackBay
LakeAnna
LakeMonticello
Lake Moomaw
LakeRobertson
SmithMountainLake
PhilpottReservoir
ClaytorLake
John W. FlannaganReservoir
BuggsIslandLake
LakeDrummond
70
6572
6572
72 63
83
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8380
80
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91
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360
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344
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6151
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22158
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58ALT
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58ALT
42158
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23BUS
460
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501
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3011
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58BUS
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522
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340BUS
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581
495
Dungannon
Halifax
Smithfield
Irvington
GoshenGoshen
Monterey
Windsor
Ivor
Wakefield
Courtland
DendronWaverly
StonyCreek
Jarratt
Capron
BoykinsBranchville
McKenney
Alberta
LawrencevilleBrodnax
La Crosse
SouthHill
Blackstone
CreweBurkeville
Victoria
KenbridgeLunenburg
Keysville
ChaseCity
Boydton
Clarksville
Virgilina
SouthBoston
Clover
Scottsburg
DrakesBranch
CharlotteCourt House
PamplinCity
Farmville
Phenix
Brookneal
Gretna
Chatham
Hurt
Altavista
Appomattox
RockyMount
Christiansburg
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Stuart
Meadowsof Dan
Hillsville
Fries
Fincastle
NewCastle
Narrows
Pearisburg
Pulaski
Wytheville
Bluefield
Tazewell
RuralRetreat
Independence
Marion
CedarBlu�
Richlands
Grundy
Saltville
Chilhowie
Damascus
GladeSpring
Lebanon
Honaker
Cleveland
Abingdon
Weber City
Gate City
Nickelsville
St. Paul
Coeburn
Clinchco
Haysi
Clintwood
Pound
Wise
Appalachia
Big StoneGap
Du�eld
Clinchport
PenningtonGap
St. Charles
Jonesville
CapeCharles
Tangier
CliftonForge
Glasgow
Amherst
Dillwyn
Scottsville
Columbia
Mineral
Louisa
Ashland
Tappahannock
Warsaw
UrbannaWhite Stone
Kilmarnock
WestPoint
BowlingGreen
Gordonsville
CraigsvilleWarmSprings
MontrossPortRoyal
ColonialBeach
DumfriesRemington
Culpeper
Orange
Madison
Stanardsville
Grottoes
Mt. CrawfordBridgewater
Dayton
Broadway
Timberville
NewMarket
Mt. Jackson
Elkton
Shenandoah
Stanley
Washington
Warrenton OccoquanMt. Vernon
Luray
Edinburg
Woodstock
Strasburg
FrontRoyal
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Boyce
Berryville
MiddleburgDullesGreenway
Herndon
Vienna
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RoundHill
Hillsboro
CharlesTown Lovettsville
Troutdale
The Plains
Surry
Keller
Onley
Melfa
Cheriton
Eastville
Nassawadox
Exmore
BelleHaven Painter
Wachapreague
OnancockAccomac
Parksley
Bloxom
Chincoteague
Suffolk
Salem
FallsChurch
AlexandriaFairfax
ManassasPark &Manassas
Winchester
Harrisonburg
Staunton
Waynesboro
LexingtonBuenaVista
Covington
Radford
Bristol
Norton
Galax
Martinsville
Danville
Bedford
Lynchburg
Emporia Franklin
ColonialHeights
Petersburg
Hopewell
Williamsburg
Poquoson
PortsmouthNorfolk
Chesapeake
Charlottesville
Roanoke
Newport News Hampton
VirginiaBeach
Fredericksburg
Richmond
LEE
WISE
BEDFORD
AMHERST
AMELIA
HANOVER
DINWIDDIE
LUNENBURG
CHESTERFIELD
GREENSVILLE
SUSSEX
RICHMOND
MIDDLESEX
KING AND QUEEN
ESSEX
CULPEPER
ALLEGHANY
ISLE OFWIGHT
ACCOMACK
SURRY
PRINCEGEORGE
CHARLESCITY JAMES
CITY
GLOUCESTER
MATHEWS NORTHAMPTON
YORK
NEW KENT
KING WILLIAM
LANCASTER
NORTHUMERLAND
WESTMORELAND
KINGGEORGE
CAROLINE
SPOTSYLVANIA
MADISON
GREENE
ORANGE
LOUISA
RAPPAHANNOCK
STAFFORD
PRINCEWILLIAM
FAIRFAX
ARLINGTON
LOUDOUN
CLARKE
FREDERICK
WARREN
FAUQUIER
SHENANDOAH
ROCKINGHAMPAGE
ALBEMARLE
AUGUSTA
BATH
NELSON
BUCKINGHAM
FLUVANNA
POWHATAN
ROCKBRIDGE
BOTETOURT
CRAIG
ROANOKE
MONTGOMERY
FLOYD
GILES
FRANKLIN
PITTSYLVANIA
HALIFAX
BLAND
PULASKI
CARROLL
PATRICK
GRAYSON
SMYTH
TAZEWELL
BUCHANAN
DICKENSON
RUSSELL
WASHINGTON
SCOTT
WYTHE
HENRY
CAMPBELL
APPOMATTOX
PRINCEEDWARD
NOTTOWAY
BRUNSWICK
HENRICO
W E S T V A .
W E S T V A .
M A R Y L A N D
N O R T H C A R O L I N A
T E N N E S S E E
K E N T U C K Y
W A S H I N G T O N , D . C .
James R.
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York R.
Rappahannock R.
0 20 10
Scale in Miles
5
BEST CITY FOR COMMUTERS4#DIGITAL
CITY1#
RICHMOND’S ECONOMIC INDICATORS ARE STRONG .
*
25 CITIES WHERE MILLENNIALS ARE MOVING – Times (June 2017)
#2UP AND COMING TECH CITIES– Realtor (2017)
TOP 10BEST PLACE TO LIVE IN THE UNITED STATES– US News & World Report (February 2017)
#24
$80 .1 B 2 .1%GROSS METRO PRODUCT JOB GROWTH
***
3
**
2016 4.1%
Richmond USA
2017 3.7%
4.7%
3.9%
UNEMPLOYMENT RATES
* www .forbes .com/places/va/richmond/** 2016 numbers
Strong job growth and low unemployment make Richmond attractive to businesses .
4
RICHMOND’S LOW COST OF LIVING AND VIBRANT WORKFORCE CREATE ABUNDANT OPPORTUNITIES FOR BUSINESSES TO FLOURISH* .
All Occupations
Registered Nurses
$23.61
$32.18
Richmond USA
Management Analysts
Retail Salespersons
Cooks, Fast Food
$39.80
$12.32
$8.71
$44.19
$13.07
$9.89
$23.86
$34.70
AVERAGE HOURLY WAGE
* www .forbes .com/places/va/richmond/
1,283,100METRO POPULATION
107,290MEDIAN HOUSEHOLD INCOME
247,000MEDIAN HOME PRICES
3COST OF LIVING
below national average
5
minutes to destination
DRIVE TIMES
19Richmond International Airport
Short PumpTown Center
18 Port of Richmond
19
DowntownRichmond
7
1312
Lewis GinterBotanical Garden
Kings Dominion
Virginia Museum of Fine Arts
13
24
5
5
#2CHEAT SHEET’S LIST OF TOP 10 BEST CRAFT BEER VACATION DESTINATIONS IN AMERICA
CarytownRetail District
RichmondRaceway
Science Museum of Virginia
SCOTT’S ADDITIONSUBMARKET
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26
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2830
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6
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8
1
4
33
14
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13
12
23
24
21
1718
19
20
3522
34
1
229
3
FOOD1 . The Dairy Bar3 . Branners Pass6 . Urban Farmhouse Market & Cafe7 . Gelati Celesti Ice Cream9 . Boulevard Burger and Brew10 . Moore Street Cafe11 . Ironclad Coffee13 . Fat Dragon14 . Buzz and Ned’s Barbecue15 . Longoven16 . En Su Boca17 . Peter Chang19 . Perch21 . Dog Wagon Plus22 . Lunch & Supper23 . Aloi24 . Lemon Cuisine of India25 . Don’t Look Back - Triple29 . Tazza Kitchen30 . ZZQ31 . Smohk34 . King Of Pops37 . Stella’s Grocery
ENTERTAINMENT8 . Movieland32 . The Circuit Arcade Bar38 . Bingo39 . River City Roll40 . Tang & Biscuit
DRINK2 . Väsen Brewing Company4 . Reservoir Distillery5 . Isley Brewing Company12 . Buskey Cider18 . The Hof Garden20 . Three Notch’d Brewery26 . The Veil Brewing Company28 . Ardent Craft Ales33 . Blue Bee Cider35 . Black Heath Meadery36 . Courthouse Creek Cider
ATTRACTIONS IN SCOTT’S ADDITION
6
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03. OUR TEAM
7
RUSSELL G. WYATT
Vice President/ PartnerT 804-433-1817F 804-346-5901E rwyatt@commonwealthcommercial .com
BENJAMIN L. BRUNI
Sales & Leasing AssociateT 804-793-0046F 804-346-5901E bbruni@commonwealthcommercial .com
Practice Areas
›› Landlord Representation Services
›› Tenant/Buyer Representation Services
›› Fee Development Services
›› Investment Sales
Practice Areas
›› Office and Industrial Landlord
Representation
›› Office and Industrial Tenant/Buyer
Representation
›› Investment Sales
Commercial real estate owners, buyers, tenants and investors realize the value of an expert on their team . Since 1996, discerning professionals have turned to Commonwealth Commercial for the highest levels of both insight and service in the office, industrial, retail, multi-family, senior living, hospitality, rural and urban land, and investment markets .
Supported by proprietary systems that provide consistent, proactive solutions, the Commonwealth team delivers a broad range of services to support the needs of large institutional, regional and local clients . Our clients value the entrepreneurial, hands-on approach that is fostered by our culture of accountability, communication and responsiveness .
If your commercial real estate program could benefit from a full-service, skilled advisor, we invite you to explore the advantage of adding Commonwealth Commercial to your team .
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