1731 E Main Street, Richmond, VA 23223

$3,950,000
19,000
SqFt
List Price
$3,950,000
Price Change
▲ $1,700,000 1577932232
Days on Market
716
MLS#
CVR-1807362
Status
ACTIVE
Type
Commercial
Year Built
1845
County
Richmond City
Region
10 - Richmond

Property Description

Shockoe Bottom Portfolio Sale in OPPORTUNITY ZONE, Eligible for HISTORIC TAX CREDITs and TAX ABATEMENT 1725, 1726, 1727, 1729, 1731 E. Main St, 11 S. 15th St and 2 S. 18th St consists of 21,335 finished sf 6 brick buildings with 6 Retail spaces and 11 Apartments (9 1-bedroom and 2 2-bedroom units) w/98% occupancy. There is ability to add square footage and value to interiors of individual units (renovated units, new roofs, new HVAC units).Main Street Station transit-oriented development at Richmond's Grand Central Station as Amtrak's $3.8 Billion capital investment creates demand for apts. at transit stations and DBA $3,950,000 -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. $1,300,000 -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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