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Renovated Historic Mixed Use 221 E Clay St 4,090 SF Vacant Retail Building Richmond, VA 23219 $1,050,000 ($256.72/SF)
Investment Highlights
- Potential for up to 4 units
- Right across from Richmond Convention Center
- Dual ground floor storefront/concept potential
- Fully renovated corner mixed-use
- Potential for short term rental
Executive Summary
Currently operated as a duplex, the building could be reconfigured to function as a triplex or quadplex, including the potential for two separate commercial suites on the ground floor and two residential units on the second floor. Benefiting from extensive street frontage along both E. Clay Street and N. 3rd Street, the property enjoys exceptional visibility and accessibility. A standout corner storefront anchors the building and presents an outstanding opportunity for retail, restaurant, office, gallery, or other creative commercial uses in one of Richmond’s most active and rapidly evolving urban districts.
The property’s second-floor residential unit currently operates as a high-performing Airbnb, with all personal property in that unit conveying with the sale, providing immediate income potential for a new owner. Ideal for an owner-user seeking rental income to offset occupancy costs or an investor looking to maximize returns through a more optimized unit mix, the property offers multiple avenues for value creation. Additional upside exists through the potential development of a small courtyard, creating a unique destination atmosphere or creative enclave that complements the building’s historic charm and prominent location. Further enhancing the investment appeal, the property is situated within an Enterprise Zone, CARE District, and Opportunity Zone, providing access to a variety of potential economic development incentives and tax advantages. Well maintained and thoughtfully renovated, 221 E Clay Street represents a rare opportunity to acquire a flexible mixed-use asset in one of Richmond’s most sought-after neighborhoods.
Property Facts
Amenities
- Bus Line
Space Availability
- Space
- Size
- Space Use
- Position
- Available
This 2,045 SF ground floor commercial space offers a compelling blend of historic character, use flexibility, and excellent visibility right across—directly across from the Convention Center. Position your business at one of downtown Richmond’s most prominent corners with this exceptional 2,045 SF retail/office opportunity located at 221 E. Clay Street, directly across from the Greater Richmond Convention Center in the heart of Jackson Ward. This beautifully restored historic storefront has been fully renovated while preserving the character that makes Richmond’s historic commercial buildings so desirable. Soaring ceilings, abundant natural light, and entrances on both E. Clay Street and N. 3rd Street create an inviting, highly visible presence with exceptional accessibility and exposure. A rare feature of the space is its ability to accommodate dual concepts or storefronts, allowing users to create complementary retail experiences, separate customer-facing and operational areas, or multiple business concepts under one roof. The flexible floor plan is well suited for a wide variety of uses, including a design studio, café, boutique retailer, creative office, gallery, or other experience-driven concept seeking an inspiring urban setting. Surrounded by downtown’s growing residential population, major employers, government offices, and a steady stream of visitors attending conventions and events, the location benefits from consistent pedestrian activity throughout the year. Combining timeless architectural character with modern renovations and unmatched corner visibility, 221 E. Clay Street presents a rare opportunity to establish a distinctive presence in one of Richmond’s most dynamic and evolving neighborhoods.
| Space | Size | Space Use | Position | Available |
| 1st Fl | 2,045 SF | Office/Retail | - | Now |
1st Fl
| Size |
| 2,045 SF |
| Space Use |
| Office/Retail |
| Position |
| - |
| Available |
| Now |
1st Fl
| Size | 2,045 SF |
| Space Use | Office/Retail |
| Position | - |
| Available | Now |
This 2,045 SF ground floor commercial space offers a compelling blend of historic character, use flexibility, and excellent visibility right across—directly across from the Convention Center. Position your business at one of downtown Richmond’s most prominent corners with this exceptional 2,045 SF retail/office opportunity located at 221 E. Clay Street, directly across from the Greater Richmond Convention Center in the heart of Jackson Ward. This beautifully restored historic storefront has been fully renovated while preserving the character that makes Richmond’s historic commercial buildings so desirable. Soaring ceilings, abundant natural light, and entrances on both E. Clay Street and N. 3rd Street create an inviting, highly visible presence with exceptional accessibility and exposure. A rare feature of the space is its ability to accommodate dual concepts or storefronts, allowing users to create complementary retail experiences, separate customer-facing and operational areas, or multiple business concepts under one roof. The flexible floor plan is well suited for a wide variety of uses, including a design studio, café, boutique retailer, creative office, gallery, or other experience-driven concept seeking an inspiring urban setting. Surrounded by downtown’s growing residential population, major employers, government offices, and a steady stream of visitors attending conventions and events, the location benefits from consistent pedestrian activity throughout the year. Combining timeless architectural character with modern renovations and unmatched corner visibility, 221 E. Clay Street presents a rare opportunity to establish a distinctive presence in one of Richmond’s most dynamic and evolving neighborhoods.
Nearby Major Retailers
Property Taxes
| Parcel Number | N000-0038-011 | Improvements Assessment | $648,000 |
| Land Assessment | $127,000 | Total Assessment | $775,000 |
Property Taxes
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Renovated Historic Mixed Use | 221 E Clay St
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