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1839 W Broad St
5,953 SF of Retail Space Available in Richmond, VA 23220
Highlights
- Join Whole Foods and other major tenants in two block area. Major office tenants include CarMax and Virginia Commonwealth university.
- The property also benefits from recent zoning appeals and the granting of TOD -1 designation zoning to neighbors which has no parking requirements an
- Urban High Street Retail location in the heart of Richmond's historic Fan District. Adjacent to Scott's Addition and The new Diamond District. Triple
- Original bank of windows on upper level intact and soaring ceiling over existing ceiling.
- Have option to purchase this property.
Space Availability (1)
Display Rental Rate as
- Space
- Size
- Term
- Rental Rate
- Rent Type
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor | 5,953 SF | Negotiable | $13.00 /SF/YR $1.08 /SF/MO $77,389 /YR $6,449 /MO | Triple Net (NNN) |
1st Floor
Urban High Street Retail location in the heart of Richmond's historic Fan District. Adjacent to Scott's Addition and The new Diamond District. • Have option to purchase this property. • State, Federal and. Local government assistance available through tax credits. State and Federal historic tax credits are available. Also, the property is located within an opportunity zone for federal tax opportunities. In addition, city credits are available through the Enterprise Zone Credit program. • The property also benefits from recent zoning appeals and the granting of TOD -1 designation zoning to neighbors which has no parking requirements and allows for construction of an 11-story tower. • Original bank of windows on upper level intact and soaring ceiling over existing ceiling. • Join Whole Foods and other major tenants in two block area. Major office tenants include CarMax and Virginia Commonwealth university.
- Lease rate does not include utilities, property expenses or building services
Rent Types
The rent amount and type that the tenant (lessee) will be responsible to pay to the landlord (lessor) throughout the lease term is negotiated prior to both parties signing a lease agreement. The rent type will vary depending upon the services provided. For example, triple net rents are typically lower than full service rents due to additional expenses the tenant is required to pay in addition to the base rent. Contact the listing broker for a full understanding of any associated costs or additional expenses for each rent type.
1. Full Service: A rental rate that includes normal building standard services as provided by the landlord within a base year rental.
2. Double Net (NN): Tenant pays for only two of the building expenses; the landlord and tenant determine the specific expenses prior to signing the lease agreement.
3. Triple Net (NNN): A lease in which the tenant is responsible for all expenses associated with their proportional share of occupancy of the building.
4. Modified Gross: Modified Gross is a general type of lease rate where typically the tenant will be responsible for their proportional share of one or more of the expenses. The landlord will pay the remaining expenses. See the below list of common Modified Gross rental rate structures: 4. Plus All Utilities: A type of Modified Gross Lease where the tenant is responsible for their proportional share of utilities in addition to the rent. 4. Plus Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of cleaning in addition to the rent. 4. Plus Electric: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical cost in addition to the rent. 4. Plus Electric & Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical and cleaning cost in addition to the rent. 4. Plus Utilities and Char: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the utilities and cleaning cost in addition to the rent. 4. Industrial Gross: A type of Modified Gross lease where the tenant pays one or more of the expenses in addition to the rent. The landlord and tenant determine these prior to signing the lease agreement.
5. Tenant Electric: The landlord pays for all services and the tenant is responsible for their usage of lights and electrical outlets in the space they occupy.
6. Negotiable or Upon Request: Used when the leasing contact does not provide the rent or service type.
7. TBD: To be determined; used for buildings for which no rent or service type is known, commonly utilized when the buildings are not yet built.
PROPERTY FACTS FOR 1839 W Broad St , Richmond, VA 23220
| Property Type | Retail | Year Built/Renovated | 1938/2012 |
| Property Subtype | Storefront | Parking Ratio | 1.01/1,000 SF |
| Gross Leasable Area | 5,953 SF |
| Property Type | Retail |
| Property Subtype | Storefront |
| Gross Leasable Area | 5,953 SF |
| Year Built/Renovated | 1938/2012 |
| Parking Ratio | 1.01/1,000 SF |
About the Property
Urban High Street Retail location in the heart of Richmond's historic Fan District. Adjacent to Scott's Addition and The new Diamond District. Triple Net $13/sf/year. • Have option to purchase this property. • State, Federal and. Local government assistance available through tax credits. State and Federal historic tax credits are available. Also, the property is located within an opportunity zone for federal tax opportunities. In addition, city credits are available through the Enterprise Zone Credit program. • The property also benefits from recent zoning appeals and the granting of TOD -1 designation zoning to neighbors which has no parking requirements and allows for construction of an 11-story tower. • Original bank of windows on upper level intact and soaring ceiling over existing ceiling. • Join Whole Foods and other major tenants in two block area. Major office tenants include CarMax and Virginia Commonwealth university.
- Banking
- Bus Line
- Security System
- Signalized Intersection
- Skylights
- Air Conditioning
- Smoke Detector
Nearby Major Retailers
Presented by
Pasternak Holdings LLC
1839 W Broad St
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