$2,250,000 Not Disclosed Richmond, VA

MLS: 1807362   Type: Commercial   County: Richmond City   City: Richmond   Area: 10 - Richmond   Zip: 23223  

Mortgage $10,563 /mo



Half Baths

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This is a portfolio listing that can be purchased together or in 3 sales: -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). -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 -11 S. 15th St 1-story retail bldg. $475,000 apr. 600 feet from 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

3/5/2018 Listed $4,025,000
6/8/2018 6% - $3,800,000
12/17/2018 41% - $2,250,000

Leasable Area 19000
MLS Area 10 - Richmond
Property Condition Good Condition
Property Type Commercial Sale
Zoning Description B5

Interior Features

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

Exterior Features

Fencing None
Lot Features Level
Lot Size Acres 0.41
Road Frontage Type City Street
Roof Composition, Metal, Rubber
Sewer Sanitary
Topography Level
Total Parking 10

Property Schools

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Gallery (32 photos)

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Property vs Zip Code Avg (23223)

Price 2.25M Avg 990K

Sqr Feet 19,000 Avg 8,881

Cost / Sqr Ft $118 Avg $112

Acres 0.41 Avg 0.4

Visits 40 Avg 42

Days on Site 413 Avg 487

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

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Location & Address

Magee Group @ Keller Williams
15871 City View Dr, Ste. 120
Midlothian, VA