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801 W Broad St 2 Unit Apartment Building $2,350,000 ($1,175,000/Unit) Richmond, VA 23220
Investment Highlights
- High-Visibility Location at VCU
- Access to Mass Transit
- Restaurant Equipment and Furniture Conveys
- National Retail Anchors
- Mixed-Uses
- Full Basement with Bathroom and Utiliites
Executive Summary
Well-Appointed Corner Commercial Mixed-Use Property at VCU. There are 3 levels and flat roof for a rooftop patio, including a restaurant with 2 handicapped accessible bathrooms on the 1st level, 2 large apartments, suitable for short-term apt units, office or retail spaces on the 2nd level and a large basement. This property will be vacant when sold. The Restaurant equipment, fixtures and furniture conveys with the sale. The restaurant is fully outfitted with walk-in refrigerator, hood, exhaust, ovens, fryers, mixer, prep tables and more. 2-story building with full basement and rooftop patio access, located next to Panera, Chipotle, CAVA and other national retail anchor restaurants, while the VCU campus surrounds this property.
Financial Summary (Pro Forma - 2026) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$12,608
|
$1.97
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$12,608
|
$1.97
|
| Taxes |
$1,049
|
$0.16
|
| Operating Expenses |
$325
|
$0.05
|
| Total Expenses |
$1,374
|
$0.21
|
| Net Operating Income |
$11,234
|
$1.76
|
Financial Summary (Pro Forma - 2026)
| Gross Rental Income | |
|---|---|
| Annual | $12,608 |
| Annual Per SF | $1.97 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $12,608 |
| Annual Per SF | $1.97 |
| Taxes | |
|---|---|
| Annual | $1,049 |
| Annual Per SF | $0.16 |
| Operating Expenses | |
|---|---|
| Annual | $325 |
| Annual Per SF | $0.05 |
| Total Expenses | |
|---|---|
| Annual | $1,374 |
| Annual Per SF | $0.21 |
| Net Operating Income | |
|---|---|
| Annual | $11,234 |
| Annual Per SF | $1.76 |
Property Facts
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Moderately walkable
70/100
Moderately drivable
60/100
Good public transit
60/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | W000-0361-025 | Total Assessment | $1,049,000 |
| Land Assessment | $422,000 | Annual Taxes | $1,049 ($0.16/SF) |
| Improvements Assessment | $627,000 | Tax Year | 2026 Payable 2026 |
Property Taxes
Parcel Number
W000-0361-025
Land Assessment
$422,000
Improvements Assessment
$627,000
Total Assessment
$1,049,000
Annual Taxes
$1,049 ($0.16/SF)
Tax Year
2026 Payable 2026
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Contact the Sale Advisor
801 W Broad St