1731 E E Main Street, Richmond, VA 23223

$2,250,000
19,000
SqFt
List Price
$2,250,000
Days on Market
596
MLS#
CVR-1807362
Status
ACTIVE
Type
Commercial
Year Built
1845
County
Richmond City
Region
10 - Richmond

Property Description

1725, 1727, 1729, 1731 E. Main St and 2 S. 18th St consists of 4 buildings with 4 Retail spaces and 11 Apartments (9 1-bedroom and 2 2-bedroom) w/100% occupancy. This is part of a portfolio listing that can be purchased together or in 3 sales: -Full Portfolio 21,335 finished sf includes 6 Brick Buildings with 95% occupancy, ability to add square footage and/or add value to interiors of individual units (renovated units, new roofs).$3,650,000 -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 1726 E. Main St. $950,000 -11 S. 15th St 1-story retail bldg. $475,000 Across from 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) OPPORTUNITY ZONE, Eligible for HISTORIC TAX CREDITs and TAX ABATEMENT

Additional Information

Acres
0.41
Living Area
19,000
Roof
Composition, Metal, Rubber
Cooling
Central Air
Heating
Heat Pump

Mortgage Calculator

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Calculator source: Real Geeks

Listing courtesy of Joyner Fine Properties.

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