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1515 W Broad St 5,600 - 9,656 SF of Office/Retail Space Available in Richmond, VA 23220
HIGHLIGHTS
- 1515 W Broad Street is a 9,656-square-foot, three-level brick building located in an Enterprise Zone affording ample future usage flexibility.
- Situated at the crossroads of The Fan District, Virginia Commonwealth University, and Virginia Union University, providing a diverse consumer base.
- Unique blade signage and expansive storefront windows assert a striking presence on Broad Street with exposure to about 50,000 vehicles per day.
- Featuring 20-foot ceilings with vintage molding, hardwood floors, multiple restrooms, private offices, exposed brick, and dedicated parking spaces.
- Benefits from amazing foot traffic with surrounding national brands like Kroger, Lowe’s, and GameStop, and local spots like The Camel and My Noodle.
SPACE AVAILABILITY (1)
Display Rental Rate as
- SPACE
- SIZE
- CEILING
- TERM
- RENTAL RATE
- RENT TYPE
| Space | Size | Ceiling | Term | Rental Rate | Rent Type | |
| 1st Floor | 5,600-9,656 SF | 20’ | 3-5 Years | $21.00 /SF/YR $1.75 /SF/MO $202,776 /YR $16,898 /MO | Triple Net (NNN) |
1st Floor
1515 W Broad Street comprises three levels with unique finishes throughout, including 20-foot-high ceilings with vintage molding, hardwood floors, industrial-chic beams, and charming exposed brick. The lower level/basement spans 2,198 square feet, featuring a private restroom and an open floor plan that can be customized to meet any need. The 5,462-square-foot first floor makes a lasting first impression with expansive storefront windows illuminating the high-ceilinged space with natural light, three restrooms, private rooms, and a grand staircase leading upstairs. The second level is a mezzanine encompassing 1,996 square feet with multiple private offices. In the rear, there are five dedicated parking spaces and large doors to load products facing the alley. The front of the building features an eye-catching vertical blade sign to maximize exposure, as well as a beautiful mural.
- Lease rate does not include utilities, property expenses or building services
- Partially Built-Out as Standard Retail Space
- Fits 14 - 78 People
- Partitioned Offices
- Finished Ceilings: 20’
- Space is in Excellent Condition
- Central Air Conditioning
- Basement
- DDA Compliant
- Hardwood Floors
- 20' Ceiling Height
- Located in an Enterprise Zone
Rent Types
The rent amount and type that the tenant (lessee) will be responsible to pay to the landlord (lessor) throughout the lease term is negotiated prior to both parties signing a lease agreement. The rent type will vary depending upon the services provided. For example, triple net rents are typically lower than full service rents due to additional expenses the tenant is required to pay in addition to the base rent. Contact the listing broker for a full understanding of any associated costs or additional expenses for each rent type.
1. Full Service: A rental rate that includes normal building standard services as provided by the landlord within a base year rental.
2. Double Net (NN): Tenant pays for only two of the building expenses; the landlord and tenant determine the specific expenses prior to signing the lease agreement.
3. Triple Net (NNN): A lease in which the tenant is responsible for all expenses associated with their proportional share of occupancy of the building.
4. Modified Gross: Modified Gross is a general type of lease rate where typically the tenant will be responsible for their proportional share of one or more of the expenses. The landlord will pay the remaining expenses. See the below list of common Modified Gross rental rate structures: 4. Plus All Utilities: A type of Modified Gross Lease where the tenant is responsible for their proportional share of utilities in addition to the rent. 4. Plus Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of cleaning in addition to the rent. 4. Plus Electric: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical cost in addition to the rent. 4. Plus Electric & Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical and cleaning cost in addition to the rent. 4. Plus Utilities and Char: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the utilities and cleaning cost in addition to the rent. 4. Industrial Gross: A type of Modified Gross lease where the tenant pays one or more of the expenses in addition to the rent. The landlord and tenant determine these prior to signing the lease agreement.
5. Tenant Electric: The landlord pays for all services and the tenant is responsible for their usage of lights and electrical outlets in the space they occupy.
6. Negotiable or Upon Request: Used when the leasing contact does not provide the rent or service type.
7. TBD: To be determined; used for buildings for which no rent or service type is known, commonly utilized when the buildings are not yet built.
MATTERPORT 3D TOUR
1515 W Broad St
PROPERTY FACTS
| Total Space Available | 9,656 SF | Gross Leasable Area | 9,656 SF |
| Min. Divisible | 5,600 SF | Year Built | 1925 |
| Property Type | Retail | Parking Ratio | 0.52/1,000 SF |
| Property Subtype | Storefront |
| Total Space Available | 9,656 SF |
| Min. Divisible | 5,600 SF |
| Property Type | Retail |
| Property Subtype | Storefront |
| Gross Leasable Area | 9,656 SF |
| Year Built | 1925 |
| Parking Ratio | 0.52/1,000 SF |
ABOUT THE PROPERTY
Striking a one-of-a-kind presence with a refreshing contrast to surrounding buildings, this exclusive leasing opportunity is now available for a wide range of businesses to make their mark on Richmond’s bustling Broad Street. 1515 W Broad Street comprises three levels with unique finishes throughout, including 20-foot-high ceilings with vintage molding, hardwood floors, industrial-chic beams, and charming exposed brick. The lower level/basement spans 2,198 square feet, featuring a private restroom and an open floor plan that can be customized to meet any need. The 5,462-square-foot first floor makes a lasting first impression with expansive storefront windows illuminating the high-ceilinged space with natural light, three restrooms, private rooms, and a grand staircase leading upstairs. The second level is a mezzanine encompassing 1,996 square feet with multiple private offices. In the rear, there are five dedicated parking spaces and large doors to load products facing the alley. The front of the building features an eye-catching vertical blade sign to maximize exposure, as well as a beautiful mural, a staple of Richmond culture. Located in an Enterprise Zone, 1515 W Broad Street is capable of accommodating various commercial uses, and the brimming area in which it’s situated is primed to elevate the success of any tenant. The site is well-positioned to serve the students of Virginia Commonwealth University (VCU) and Virginia Union University (VUU), with both colleges less than a mile away and a high density of student apartments within walking distance. 1515 W Broad Street is also at the border of Richmond’s Fan District, a historic neighborhood filled with affluent full-time residents and ample pedestrian activity. Due to the concentration of placemaking areas, the vicinity is home to dozens of restaurants, department stores, bars, and storefront retailers, resulting in immense foot traffic in addition to the thousands of vehicles passing by each day. Set up shop in an iconic Richmond building and take advantage of a sought-after position along one of the city’s main thoroughfares by leasing at 1515 W Broad Street today.
- Mezzanine
- Signage
- Skylights
DEMOGRAPHICS
Demographics
NEARBY MAJOR RETAILERS
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AJB Properties
1515 W Broad St
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