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Mixed-Use

Richmond Mixed-Use Opportunity - Retail and Multifamily

404 W Broad Street, Richmond, VA 23220

Listing Price: $900,000

Cap Rate
5.90%
Number of Units
5
Occupancy
75.0%
Price/Unit
$180,000
Price/Gross SF
$155.20
Gross SF
5,799

Investment Overview

Discover an exceptional investment opportunity in the heart of Richmond’s highly sought after Broad Street corridor. This 5,799 SF mixed-use property features four residential apartment units and a 2,266 SF ground-floor retail space, offering strong income potential and flexibility for a variety of uses.

Located just steps from VCU and surrounded by Richmond’s vibrant dining, retail, and arts scene, the property benefits from excellent visibility, heavy foot traffic, and steady rental demand.

Investment Highlights

  • Great location near new CoStar innovation center academic campus of VCU on corner of W Broad St and Belvidere. Asset is located in the Arts & Entertainment District home of art galleries, hotels, etc
  • Located on Pulse high speed rapid transit bus system.
  • The building features four residential units and one ground floor retail space, delivering diversified income streams that enhance overall investment value.

Exclusively Listed By

Broker of Record

  • Jim McGuckin

    Vice President/Regional Manager

    (201) 742-6100

    License(s) VA: 2082114

    Virginia

Mixed-Use

Richmond Mixed-Use Opportunity - Retail and Multifamily

Listing Price: $900,000

Cap Rate
5.90%
Number of Units
5
Occupancy
75.0%
Price/Unit
$180,000
Price/Gross SF
$155.20
Gross SF
5,799

Investment Highlights

  • Great location near new CoStar innovation center academic campus of VCU on corner of W Broad St and Belvidere. Asset is located in the Arts & Entertainment District home of art galleries, hotels, etc
  • Located on Pulse high speed rapid transit bus system.
  • The building features four residential units and one ground floor retail space, delivering diversified income streams that enhance overall investment value.

Investment Overview

Discover an exceptional investment opportunity in the heart of Richmond’s highly sought after Broad Street corridor. This 5,799 SF mixed-use property features four residential apartment units and a 2,266 SF ground-floor retail space, offering strong income potential and flexibility for a variety of uses. Located just steps from VCU and surrounded by Richmond’s vibrant dining, retail, and arts scene, the property benefits from excellent visibility, heavy foot traffic, and steady rental demand.

Exclusively Listed By

Broker of Record

  • Jim McGuckin

    Vice President/Regional Manager

    (201) 742-6100

    License(s): VA: 2082114

    Virginia

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