$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

Beds

Baths

Half Baths

Sqr Footage

Acres

Built

0

0

0

19,000

0.41

1845

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

Elementary School

Middle School

High School

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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



Direct Link:

https://www.rvagoodlife.com/property/11-1807362-Not-Disclosed-Richmond-VA-23223

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
804-593-0597
804-588-5765