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- LoopNet Team
109 E Broad St
Richmond, VA 23219
AUCTION - DOWNTOWN RVA MIXED USE BUILDING · Multifamily Property For Sale
·
8 Units
INVESTMENT HIGHLIGHTS
- 10,010 ± Square Foot, Three Story Mixed-Use Building - First Floor Commercial Space, Second & Third Floor Residential/Office Space
- 22’ of Frontage Along E. Broad St. - 0.066 ± AC Lot -Zoned B-4 – CVR MLS Area 10 - Built in 1915 - Full Basement - Wood Floors - Assessed @ $496,000
- Easy Access to I-95, I-64, & Downtown Expressway - Nearby Downtown Business District, Richmond Convention Center, Richmond Coliseum, MCV & More!
- Value-Add Redevelopment Opportunity in Downtown Richmond - Federal & State Tax Credits Potentially Available - Within Richmond Enterprise Zone
- $17/SF - $20/SF Potential Income for First Floor Commercial Space After Renovation - $1,000 - $1,500 in Potential Apartment Income After Renovation
- Immediate Proximity to Downtown RVA’s Restaurants, Shopping & Hotels - Quirk Hotel Richmond, The Jefferson, Graduate Richmond, Wong Gonzalez & More!
PROPERTY FACTS
| No. Units | 8 | Lot Size | 0.06 AC |
| Property Type | Multifamily | Building Size | 7,500 SF |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built/Renovated | 1915/2022 |
| Building Class | B | ||
| Zoning | B-4 CENTRA | ||
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 0.06 AC |
| Building Size | 7,500 SF |
| No. Stories | 2 |
| Year Built/Renovated | 1915/2022 |
| Zoning | B-4 CENTRA |
AMENITIES
UNIT AMENITIES
- Microwave
- Washer/Dryer
- Kitchen
- Oven
- Tub/Shower
SITE AMENITIES
- 24 Hour Access
- Gated
ABOUT 109 E BROAD ST , RICHMOND, VA 23219
Commercial Real Estate Auction - Only Auction Only - Auction Ends 4/28/20 @ 3:00 PM - Three Story Mixed-Use Building - First Floor Commercial - Second & Third Floor Apartments - Enterprise Zone - Possible Federal & State Tax Credits - Highly Visible, Central Location with 22’ of Frontage Along E. Broad St. - 0.066 ± AC Lot -Zoned B-4 – CVR MLS Area 10 - Built in 1915 - Full basement - Hardwood Floors - Assessed @ $496,000 – Taxes: $5,778 - $17/SF - $20/SF in Potential Rental Income for First Floor Commercial Space After Renovation - $1,000 - $1,500 in Potential Monthly Rental Income, Depending on Unit Mix, Finishes & Layout, for Second & Third Floor Apartment Units After Renovation - Easy Access to I-95, I-64, & Downtown Expressway - Immediate Proximity to Downtown RVA’s Restaurants, Shopping & Hotels, including Quirk Hotel Richmond, The Jefferson, Graduate Richmond, Barcode, Perly’s, Wong Gonzalez, Rappahannock Restaurant & More - Nearby Downtown Business District, Greater Richmond Convention Center, Richmond Coliseum, MCV Campus, The National & Virginia State Capitol
PROPERTY TAXES
| Parcel Number | W000-0064-005 | Improvements Assessment | $1,318,000 |
| Land Assessment | $232,000 | Total Assessment | $1,550,000 |
PROPERTY TAXES
