For Sale
1.668 acres / 36,953 SF Industrial Building in the Heart of Downtown Ashland
107 Henry Clay Road Ashland Virginia 23005
Asking$1,600,000 / $43.30 per square foot
For Sale
107 Henry Clay Road Ashland Virginia 23005
107 Henry Clay Road is a 36,953 square foot industrial building on 1.668 acres in the center of downtown Ashland. The parcel is zoned B-1 and served by public water and sewer, and the building will be delivered vacant.
Ashland sits at the north end of Greater Richmond, the region that captured nearly half of Virginia’s population growth from 2020 to 2023. The town itself is younger than the state and growing faster.
DOWNTOWN ASHLAND: Inside both the Main Street and Arts & Cultural Districts, with BPOL tax relief for qualifying arts uses and rolling Town revitalization grants, a short walk from shops, restaurants and Town Hall.
GRANDFATHERED LIGHT INDUSTRIAL USE: Two one-story masonry and steel buildings with dock-high and drive-in loading, three-phase power and on-site parking, suited to an owner-user, flex or maker space.
REDEVELOPMENT OPPORTUNITY: 8-1 already allows apartments over ground-floor commercial by right, and the Town’s plan calls for mixed-use infill here, next to a growing college campus.
ABOUT ASHLAND, VA
The “Center of the Universe,” a historic railroad and college town 15 miles north of Richmond. Incorporated in 1858, Ashland grew around the rail line that still runs through its historic district, with locally owned shops, restaurants and arts venues on either side. Randolph-Macon College, founded in 1830, sits at the edge of downtown. Wide sidewalks, bike racks and the new Fall Line Trail make the town easy to walk and ride.
Ryan’s practice at One South Commercial focuses on investment and development site sales throughout Virginia. He brings a detailed, solutions-oriented approach to each transaction and has successfully represented a wide array of buyers and sellers on deals ranging from $1 million to $35 million. A Richmond native with a background in institutional real estate management, Ryan leverages a wide network of industry contacts and his experience “under the hood” to advise One South Commercial’s clients on everything from local sub-markets to national capital markets, and is ready and able to tackle anything in between.
Tom Rosman has been brokering investment real estate since the early 1990’s in the Richmond, VA, metro area. He has brought hundreds of transactions to a successful conclusion, including large apartment complexes, apartment buildings in historic neighborhoods, office buildings, retail properties, mixed use buildings, and numerous historic adaptive reuse properties.
Tom was one of the first brokers to recognize the transformative changes occurring in many of Richmond’s most architecturally significant but ignored neighborhoods. Having helped place many of the warehouses and other commercial structures in the hands of Richmond’s development community, Tom’s belief in what a property should be was never compromised by the condition it was in.
DISCLAIMER: This offering memorandum is intended as a reference for prospective purchasers in the evaluation of the property and its suitability for investment. Neither One South Commercial nor Seller make any representations or warranties with respect to the accuracy or completeness of the materials contained in the offering memorandum. Prospective purchasers should evaluate the property independently and rely solely on such independent evaluation in determining whether to purchase the property. The offering memorandum, pricing, and terms therein are subject to change or withdrawal at the discretion of Seller and One South Commercial, as Seller’s exclusive representative. *Information provided deemed reliable but not guaranteed
