$475,000 Not Disclosed Richmond, VA

MLS: 1737828   Type: Commercial   County: Richmond   City: Richmond   Area: 10 - Richmond   Zip: 23219     Stories: 1

Mortgage $2,230 /mo



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This is a portfolio listing that can be purchased together or in 3 individual sales: - Single-story vacant and renovated retail bldg.1440 sf brick building with full basement and flat roof (perfect for rooftop patio), Opportunity to add 2 levels and a rooftop deck. 11 S. 15th St $475,000 -4 buildings w/ 8 apts. and 4 retail spaces at 1725, 1727/29, 1731 E. Main St and 11 S. 18th St . $2,250,000 -1 building w/ 3 apts., 1 retail l spaces at 726 E. Main St. $950,000 -Full Portfolio 19,000sf Shockoe Bottom Portfolio includes 6 Brick Buildings with 95% occupancy, ability to add square footage or just add value to interiors of individual units and increase rents (renovated units, new roofs) Located at Richmond' s state of the art Main Street Station and Farmer's Market, zoned B5 on .41 acres and current cap rate of 5.8% with enormous upside including value-add in 6 Retail and 11 Residential units and opportunities for additional square footage in rear and rooftop patio(s) utilizing OPPORTUNITY ZONE CREDITS, HISTORIC TAX CREDITs, TAX ABATEMENT, and possible SELLER-FINANCING

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Price History

10/25/2017 Listed $425,000

Leasable Area 1440
MLS Area 10 - Richmond
Possible Use Office
Property Condition Good Condition
Property Type Commercial Sale
Zoning Description B4

Interior Features

Air Conditioning Y/N Yes
Cooling Central A/C
Total Baths 0

Exterior Features

Lot Features Level
Road Frontage Type City Street
Roof Metal
Sewer Sanitary
Topography Level

Property Schools

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Property vs Zip Code Avg (23219)

Price 475K Avg 461K

Sqr Feet 1,440 Avg 1,898

Cost / Sqr Ft $330 Avg $243

Visits 31 Avg 26

Days on Site 543 Avg 298

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Listing Provided Courtesy Of: Susan A Haas with Joyner Fine Properties.

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Location & Address

Barbara Thomas

Midlothian, VA