2021 North Ave - Freestanding FOR SALE


Richmond, VA 23222- Southern Barton Heights
$799,950 USD
804-266-8831
2021 North Ave, Richmond, VA for Sale
$799,950 USD
Freestanding - FOR SALE
1/50
null | Request Cap Rate

2021 North Ave
Richmond, VA 23222
Southern Barton Heights


HIGHLIGHTS

  • Diverse income streams
  • Turnkey residential units
  • Development potential
  • Strategic location
  • Strong cash flow & appreciation

OVERVIEW

One South Commercial is pleased to present the exclusive listing for 2021 North Avenue, a prime mixed-use investment opportunity located in the heart of Richmond, Virginia. Totaling 3,968 square feet, the property features a fully operational laundromat on the ground floor, providing stable commercial income. Upstairs, two beautifully finished Class A apartments offer modern, high-end living. One unit is a spacious two-bedroom, two-bath layout, while the other is a generous one-bedroom, one-bath unit. In 2024, the short-term net rental income from the Airbnb exceeded $46,000, highlighting the property’s strong cash flow potential. In addition to the existing improvements, the property includes a buildable lot, presenting a unique development opportunity for additional residential units or a mixed-use concept. Ideally situated in Richmond’s Northside, the property is surrounded by a wave of revitalization—including new multifamily developments, restaurants, and small businesses—all contributing to the area’s continued growth and appeal. With close proximity to downtown Richmond, Virginia Union University, and easy access to I-64 and I-95, this offering is a rare chance to invest in one of the city’s fastest-improving corridors. -Fully operational laundromat plus two high-end residential units -One 2BR/2BA and one 1BR/1BA - ideal for short or long term rental strategies -Includes a buildable lot -Located in Richmond's revitalizing Northside -Well-positioned for both immediate income and long-term appreciation

FOR SALE DETAILS

PRICE

$799,950 USD

PRICE/SF

$202 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1916

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.16 AC

LAND SF

6,970 SF

ZONING

R-6

APN/PARCEL ID

N000-0406-018

ASK ABOUT THIS PROPERTY

Chris CorradaOne South CommercialMore Info
804-266-8831

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Chris CorradaOne South CommercialMore Info
804-266-8831

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.