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- LoopNet Team
109 E Broad St
Richmond, VA 23219
AUCTION - DOWNTOWN RVA MIXED USE BUILDING · Retail Property For Sale
Investment Highlights
- 10,010 ± Square Foot, Three Story Mixed-Use Building - First Floor Commercial Space, Second & Third Floor Residential/Office Space
- 22’ of Frontage Along E. Broad St. - 0.066 ± AC Lot -Zoned B-4 – CVR MLS Area 10 - Built in 1915 - Full Basement - Wood Floors - Assessed @ $496,000
- Easy Access to I-95, I-64, & Downtown Expressway - Nearby Downtown Business District, Richmond Convention Center, Richmond Coliseum, MCV & More!
- Value-Add Redevelopment Opportunity in Downtown Richmond - Federal & State Tax Credits Potentially Available - Within Richmond Enterprise Zone
- $17/SF - $20/SF Potential Income for First Floor Commercial Space After Renovation - $1,000 - $1,500 in Potential Apartment Income After Renovation
- Immediate Proximity to Downtown RVA’s Restaurants, Shopping & Hotels - Quirk Hotel Richmond, The Jefferson, Graduate Richmond, Wong Gonzalez & More!
PROPERTY FACTS
Amenities
- Bus Line
- Signage
- Tenant Controlled HVAC
- Storage Space
About 109 E Broad St , Richmond, VA 23219
Commercial Real Estate Auction - Only Auction Only - Auction Ends 4/28/20 @ 3:00 PM - Three Story Mixed-Use Building - First Floor Commercial - Second & Third Floor Apartments - Enterprise Zone - Possible Federal & State Tax Credits - Highly Visible, Central Location with 22’ of Frontage Along E. Broad St. - 0.066 ± AC Lot -Zoned B-4 – CVR MLS Area 10 - Built in 1915 - Full basement - Hardwood Floors - Assessed @ $496,000 – Taxes: $5,778 - $17/SF - $20/SF in Potential Rental Income for First Floor Commercial Space After Renovation - $1,000 - $1,500 in Potential Monthly Rental Income, Depending on Unit Mix, Finishes & Layout, for Second & Third Floor Apartment Units After Renovation - Easy Access to I-95, I-64, & Downtown Expressway - Immediate Proximity to Downtown RVA’s Restaurants, Shopping & Hotels, including Quirk Hotel Richmond, The Jefferson, Graduate Richmond, Barcode, Perly’s, Wong Gonzalez, Rappahannock Restaurant & More - Nearby Downtown Business District, Greater Richmond Convention Center, Richmond Coliseum, MCV Campus, The National & Virginia State Capitol
PROPERTY TAXES
| Parcel Number | W000-0064-005 | Improvements Assessment | $1,260,000 |
| Land Assessment | $232,000 | Total Assessment | $1,492,000 |
PROPERTY TAXES
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