1731 East Main Street, Richmond, VA 23223

$2,250,000
List Price
$2,250,000
Price Change
▼ $1,550,000 1545092389
Days on Market
414
MLS#
1807362
Status
ACTIVE
Type
Commercial
Year Built
1845
County
Richmond City
Region
10 - Richmond

Property Description

This is a portfolio listing that can be purchased together or in 3 sales: -Full Portfolio 19,000sf Shockoe Bottom Portfolio includes 6 Brick Buildings with 95% occupancy, ability to add square footage or just add value to interiors of individual units and increase rents (renovated units, new roofs). -4 buildings w/ 8 apts. and 4 retail spaces at 1725, 1727/29, 1731 E. Main St and 11 S. 18th St . $2,250,000 -1 building w/ 3 apts., 1 retail l spaces at 726 E. Main St. $950,000 -11 S. 15th St 1-story retail bldg. $475,000 apr. 600 feet from Richmond' s state of the art Main Street Station and Farmer's Market, zoned B5 on .41 acres and current cap rate of 5.8% with enormous upside including value-add in 6 Retail and 11 Residential units and opportunities for additional square footage in rear and rooftop patio(s) utilizing OPPORTUNITY ZONE CREDITS, HISTORIC TAX CREDITs, TAX ABATEMENT, and possible SELLER-FINANCING

Additional Information

Acres
0.41
Lot Size
17,859
Roof
Composition, Metal, Rubber

Mortgage Calculator

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Calculator source: Real Geeks

Listing courtesy of Joyner Fine Properties.

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