318 W Broad St
$1,010,000
318 W Broad St, Richmond, VA 23220
6,816 sqft
Building Size
0.079 acres
Lot Area
Details:
Highlights:
- 6,816 SF, 3 unit investment Zoned B-4 mixed use
- Excellent VCU area and business location
- 100% occupancy with strong rental history
- Recent rent escalation on commercial lease
- Well-maintained with capital building upgrades
Description:
This exceptional turnkey investment property is fully leased with one commercial ground floor tenant and two apartments above having gross income of $77,936 in 2024. Well located in the heart of the Arts District and fully renovated, this solid income producing investment has 3,408 sf of commercial space with lease term running through 4/30/25 along with 1,300 sf one bedroom and 575 sf studio apartments. Each with their own washer and dryer, the apartments are well appointed with granite countertops and hardwood floors. Capital expense upgrades include both a new HVAC unit and sewer line replacement in 2023.
Fully renovated Jackson Ward mixed use property in the heart of the Arts District. Proximate to the Institute for Contemporary Arts, Quirk Hotel, Rite Aid, Lift Coffee and others.
Documents:
| Title | ||
|---|---|---|
| 318_W_Broad_St_Brochure.pdf |
Location
Gallery
