1318 E Cary Street, Richmond, VA 23219

$1,800,000
8,036
SqFt
Sold Price
$1,800,000
List Price
$1,950,000
Days on Market
100
Closing Date
Oct 20, 2021
MLS#
CVR-2121212
Status
CLOSED
Type
Commercial
Year Built
1870
County
Richmond City
Region
10 - Richmond

Property Description

The three-story building offers 8,036 square feet of floor area occupied by two commercial tenants on the first level, and four apartments on the upper levels. The building was constructed in 187 in the traditional architectural style that makes Shockoe Slip one of the most distinctive downtown areas in Richmond. Large six-bay storefront doors and windows, brick corbeled cornice, and segmental arched openings are prominent characteristics of this unique building. The building’s two commercial spaces are currently leased to prominent restaurants--one of which is a national chain. The smaller restaurant occupies 1,265 SF while the larger, national restaurant occupies 1,700 SF. These restaurants enjoy high visibility and high volumes of automobile and foot traffic from residents, students, professionals, and tourists that flock to the area to make this portion of East Cary St such a lively neighborhood. Both commercial spaces are also fully leased until 2024. The four large apartments on the upper levels are 2 bedrooms/ 1 or 2 bath units spanning 800 to 950 SF of floor area. The units on the top floor both have generous lofts and large outdoor roof terraces.

Additional Information

Acres
0.06
Living Area
8,036
Roof
Flat
Cooling
Central Air

Mortgage Calculator

Amount of Loan
Annual Interest Rate
%
Term of Loan
Years

Does not include any taxes or fees.
Please consult a financial professional.
Calculator source: Real Geeks

Listing courtesy of One South Realty Group, LLC. Selling Office: Central Virginia Regional MLS.