Fully Occupied Mixed-Use Investment Opportunity at VCU

Highlights:

• Prime VCU Location
• Mixed-Use Opportunity
• 6,132 SF 100% Occupied
• 4 Apartments and Restaurant with 4-Years on Lease
• Full Renovation in 2015

Description:

Mixed-Use Investment Opportunity, positioned at VCU's most prominent and innovative hub, and centrally located in a vibrant, pedestrian-oriented location, walking distance to campus, shops, restaurants and mass transit. The building was completely renovated in 2015, blending historic charm with modern upgrades, making for comfortable and durable living spaces, that feature large windows, tall ceilings, granite countertops, stainless-steel appliances, exposed brick and beautiful hardwood floors throughout. There is opportunity to add value and increase rental income, as this location continues to grow. The commercial restaurant space is in excellent condition and equipped with a 15' stainless hood, exhaust system, gas stove, large walk-in refrigerator, grease trap, and sprinkler system. The restaurant lease has 4 years remaining and the property is sold 'As Is" Seller will consider financing with reasonable terms.

Located at the "Gateway to Richmond", just off I-64 within steps of the VCU campus, in a vibrant, pedestrian-oriented location, located within walking distance to VCU Campus at the Costar Center for Arts, a 212,000-square-foot innovation hub currently under construction, with studios, galleries, performance centers, and collaborative workspaces, fostering a marketplace of diversity and innovation, at VCU's Institute for Contemporary Arts, and with a view of the VCU Engineering Building.

Dominion Energy

Restaurant

Documents: