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The Gather Arts District Building 309-315 E Broad St 32,178 SF 100% Leased Office Building Richmond, VA 23219 $7,900,000 ($245.51/SF) 10.29% Cap Rate

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Investment Highlights

  • 100% occupied mixed-use property
  • Located between Virginia Commonwealth Univ (VCU) and Medical College of Virginia (MCV)
  • Beautifully renovated in 2019
  • Keep as income-producing or reposition

Executive Summary

The Gather Arts District Building is a 47,461SF mixed-use building located at 309-317 E. Broad St. in Downtown Richmond, VA. The majority of the building was magnificently renovated in 2019 for Gather, a provider of flexible co-working creative office space with premium amenities. Gather occupies roughly two-thirds of the property while Metro by T-Mobile, Ember Music Hall and SinnerG Tattoo occupy the ground floor retail. The offering presents an opportunity to own and maintain an income-producing asset or eposition for a future redevelopment opportunity.

Property Facts

Sale Type
Investment
Property Type
Office
Property Subtype
Office/Residential
Building Size
32,178 SF
Building Class
B
Year Built/Renovated
1900/2019
Price
$7,900,000
Price Per SF
$245.51
Cap Rate
10.29%
NOI
$813,071
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Typical Floor Size
10,726 SF
Building FAR
2.74
Lot Size
0.27 AC
Zoning
B-4 CENTRA
Parking
2 Spaces (0.06 Spaces per 1,000 SF Leased)

Amenities

  • 24 Hour Access
  • Atrium
  • Controlled Access
  • Concierge
  • Conferencing Facility
  • Property Manager on Site
  • Security System
  • Skylights
  • Wheelchair Accessible
  • Reception
  • Roof Terrace
  • Storage Space
  • Outdoor Seating
  • Air Conditioning
  • Balcony

Major Tenants Click Here to Access

  • Tenant
  • Industry
  • SF Occupied
  • Rent/SF
  • Lease End
  • Information
  • 99,999 SF
  • -
  • -

At Metro by T-Mobile, they believe in the power of connection. They’re all about giving customers reliable wireless service at a fair price so they can stay connected to the people, places, and moments that light up their world. And they do it with unwavering transparency and simplicity. They deliver a customer experience that’s BS-free and crystal-clear. They do that with transparent pricing, with taxes and fees included in the plan price so customers know what to expect every month. They also do it with unlimited talk, text, and data, so they have the freedom to stay connected on T-Mobile's leading 5G network. And they have thousands of stores to make sure there’s one in all neighborhoods. They’ve built a brand that customers have chosen, making them the undisputed leader in prepaid. With Metro, customers score access to the nation’s largest 5G network and the largest selection of free 5G phones in prepaid.

Tenant Industry SF Occupied Rent/SF Lease End
Information 99,999 SF - -
Walk Score®
Walker's Paradise (98)
Bike Score®
Very Bikeable (87)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

Property Taxes

Property Taxes

Parcel Numbers
Multiple
  • W000-0036-003
  • W000-0036-007
Land Assessment
$1,467,000
Improvements Assessment
$4,286,000
Total Assessment
$5,753,000
  • Listing ID: 39249347

  • Date on Market: 1/29/2026

  • Last Updated:

  • Address: 309-315 E Broad St, Richmond, VA 23219

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