Skip to main content

Mixed-Use

Urban Richmond Mixed-Use Opportunity - Retail and Multifamily

228 W Broad St, Richmond, VA 23220

Listing Price: $950,000

Cap Rate
5.79%
Number of Units
1
Occupancy
100.0%
Price/Unit
$950,000
Price/Gross SF
$184.82
Gross SF
5,140

Investment Overview

Fully leased Mixed-Use asset located in Richmond's Arts District. Turn of the century charm on prominent corner of Jackson Ward. Trade area full of great amenities such as creative offices, dress shops, coffee shops, Quirk Hotel, upscale bars & restaurants, roof top venues and more.

Location is near downtown CBD and proximate to VCU Medical Center and the VCU Academic Campus.

The asset is brick construction, three-story mixed-use building with one leased art gallery and three one-bedroom apartments. Tenant parking in rear. Street parking. The property has been under rented and allows the resetting of rents on all units.

Investment Highlights

  • Urban High Street location in Richmond's Art's District. Located between the Main VCU academic campus and VCU Medical Center in CBD.
  • 100% leased. Upstairs tenants are residential tenants with opportunity to reset rents in near term.
  • Room to grow rents in hot rental environment. Urban core location.

Exclusively Listed By

Financing By

Mixed-Use

Urban Richmond Mixed-Use Opportunity - Retail and Multifamily

Listing Price: $950,000

Cap Rate
5.79%
Number of Units
1
Occupancy
100.0%
Price/Unit
$950,000
Price/Gross SF
$184.82
Gross SF
5,140

Investment Highlights

  • Urban High Street location in Richmond's Art's District. Located between the Main VCU academic campus and VCU Medical Center in CBD.
  • 100% leased. Upstairs tenants are residential tenants with opportunity to reset rents in near term.
  • Room to grow rents in hot rental environment. Urban core location.

Investment Overview

Fully leased Mixed-Use asset located in Richmond's Arts District. Turn of the century charm on prominent corner of Jackson Ward. Trade area full of great amenities such as creative offices, dress shops, coffee shops, Quirk Hotel, upscale bars & restaurants, roof top venues and more. Location is near downtown CBD and proximate to VCU Medical Center and the VCU Academic Campus. The asset is brick construction, three-story mixed-use building with one leased art gallery and three one-bedroom apartments. Tenant parking in rear. Street parking. The property has been under rented and allows the resetting of rents on all units.

Exclusively Listed By

Financing By

MM Texture Background
MM Textured Background Lower