2523 W Main St - Storefront Retail/Residential FOR SALE


Richmond, VA 23220- Uptown Richmond
$775,000 USD
804-307-4060
2523 W Main St, Richmond, VA for Sale
$775,000 USD
Storefront Retail/Residential - FOR SALE
1/53
null | Request Cap Rate

2523 W Main St
Richmond, VA 23220
Uptown Richmond


HIGHLIGHTS

  • 100% occupied
  • 2,394 SF
  • 2020 Renovation
  • UB zoning
  • Historic Fan District

OVERVIEW

One South Commercial is pleased to present the exclusive listing for 2523 W Main St in the Historic Fan District. This listing presents a rare opportunity to purchase a building with a commercial storefront and a residential unit at 2523 W Main St. The space is currently under a multi-year lease agreement to restaurant Cocky Rooster. A beautiful 2-bedroom apartment is located on the second floor. The building was constructed in 1920 and renovated extensively in 2020. Improvements include a new 5-ton HVAC unit, paint, refinished hardwood flooring, new kitchen, and new windows. This location is excellent for commercial and residential space. It is located in the heart of the Historic Fan District within walking distance to Carytown, Byrd Park, the commercial corridors of Robinson St, Main Street, and the Virginia Museum of Fine Arts. 2523 W Main St is situated in one of the most dynamic neighborhood commercial corridors in Richmond. This listing is surrounded by robust residential areas with favorable demographics to support the mixed-use building. It provides an excellent opportunity for a buyer looking for an investment opportunity in the Historic Fan District.

FOR SALE DETAILS

PRICE

$775,000 USD

PRICE/SF

$324 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Fan District Mixed-Use Building

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1984

SPRINKLERS

-

PARKING SPACES

2

LAND DETAILS

LAND ACRES

0.07 AC

LAND SF

3,030 SF

ZONING

UB

APN/PARCEL ID

W000-1117-003

ASK ABOUT THIS PROPERTY

Justin SleddOne South CommercialMore Info
804-307-4060

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

Justin SleddOne South CommercialMore Info
804-307-4060

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