$475,000 Not Disclosed Richmond, VA

MLS: 1737828   Type: Commercial   County: Richmond City   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

Area 10 - Richmond
Heating Cooling Central Air
Originating MLS Central Virginia Regional MLS
Property Type Commercial
Retail Type Convenience Store, Free-Standing Building, Restaurant, Street Retail
Total Number of Commercial Units 1
Zoning B4

Interior Features

Disability Equipped Yn Yes
Elevator No
Num Levels 1.00
Rentable Sq Ft 1440
Sprinklered None
Storage Yn Yes
Total Building Sq Ft 1440

Exterior Features

Building Class C
Doors 10 Ft. Doors
Drainage Good
Exterior Brick
Fence Condition N/A
Irrigation None
Lot .07
Potential Use B5 zoning: community business allows for retail, office, studio, service uses - could add rooftop patio
Road Type City Maintained Road
Roof Metal
Sewer Sanitary Sewer
Topography Level
Water Source Public Water

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Property vs Zip Code Avg (23219)

Price 475K Avg 363K

Visits 19 Avg 20

Days on Site 485 Avg 262

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

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Movement Realty Professionals

Midlothian, VA