2824 E Broad St
Richmond, VA 23223
Retail Property For Sale

Totally renovated mixed use building in Richmond’s Historic Church Hill District 1 Commercial space consists of an established Pizza Restaurant with a strong customer base. The space is approximately 1200 square feet on the ground floor and approximately 1000 square feet of space in the basement for storage and refrigeration. The 3 Luxury, condo grade two bedroom apartments offer hardwood floors, granite countertops in the kitchens and new windows throughout. The units have tremendous light, large rooms and high ceilings. 2824 East Broad Street offers an investor a very stable rental history, a successful restaurant tenant on the ground floor, and three beautiful apartments that are light and airy. Each one has outdoor space. The Church Hill neighborhood is garnering national recognition for it’s vibrant food scene as numerous publications have come out with articles about the restaurants, bakeries, and cafes in the area. With its stately pre- civil war homes as the centerpiece, the neighborhood is one of the most sought after areas to live in the Richmond vicinity. Close to VCU Health Systems, the Central Business District, the State Capital and numerous state office, the Federal Court House, and the City of Richmond’s government center; the building is extremely well situated. Tenants love its charm, location, quality and size. It makes for a strong rental demand. The building was built in 1914 and totally renovated in 2010 with new roofs, HVAC, electrical, plumbing, bathrooms, kitchens, windows, walls, etc. The owner has been a good steward of the property and it has been very well maintained. A new buyer will be purchasing a building in an area that is experiencing strong rent increases. The Richmond Metro Area was in the top 5 of apartment markets in the US for rental increases in 2017. Church Hill is one of the top sub markets in the city.