309-315 E Broad St - Office/Residential FOR SALE


Richmond, VA 23219- City Center Richmond
$7,900,000 USD
757-287-1490
309-315 E Broad St, Richmond, VA for Sale
$7,900,000 USD
Office/Residential - FOR SALE
1/52
null | 10.29% Cap Rate

309-315 E Broad St
Richmond, VA 23219
City Center Richmond


HIGHLIGHTS

  • 100% occupied mixed-use property
  • Beautifully renovated in 2019
  • Located between Virginia Commonwealth Univ (VCU) and Medical College of Virginia (MCV)
  • Keep as income-producing or reposition

OVERVIEW

The Gather Arts District Building is a 47,461SF mixed-use building located at 309-317 E. Broad St. in Downtown Richmond, VA. The majority of the building was magnificently renovated in 2019 for Gather, a provider of flexible co-working creative office space with premium amenities. Gather occupies roughly two-thirds of the property while Metro by T-Mobile, Ember Music Hall and SinnerG Tattoo occupy the ground floor retail. The offering presents an opportunity to own and maintain an income-producing asset or eposition for a future redevelopment opportunity.

FOR SALE DETAILS

PRICE

$7,900,000 USD

PRICE/SF

$246 USD /SF

CAP RATE

10.29%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

The Gather Arts District Building

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Office/Residential

ADD'L SUBTYPES

Storefront, Loft/Creative Space

TOTAL BUILDING SIZE

-

STORIES

3

BUILDING CLASS

B

YEAR BUILT

1900

SPRINKLERS

-

PARKING SPACES

2

LAND DETAILS

LAND ACRES

0.27 AC

LAND SF

11,761 SF

ZONING

B-4 CENTRA

APN/PARCEL ID

W000-0036-003,W000-0036-007

ASK ABOUT THIS PROPERTY

Doug AronsonS.L. Nusbaum Realty Co.More Info
757-287-1490

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

Doug AronsonS.L. Nusbaum Realty Co.More Info
757-287-1490

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