The Simon Cycle Building
10 West Broad Street Richmond Virginia 23220
$2,595,000
MARK TO MARKET OPPORTUNITY
STRONG COMMERCIAL TENANCY
RECENT CAPITAL INVESTMENT
EXCELLENT SUBMARKET DEMOGRAPHICS
UNBEATABLE MOBILITY
ABOUT THE ARTS DISTRICT – A HUB FOR CREATIVITY & ACTIVITY
Richmond’s downtown is incredibly walkable with a walk score (82) rivaling the US’s major metropolitan areas. The district boasts river access and numerous restaurants, nightclubs, music venues, art galleries, boutiques, and is the Central Business District of the region. Downtown Richmond has the distinction of being home to the only urban Class 3 white water rapids in the United States. It isn’t uncommon to see kayakers and other adventure seeks testing their prowess on the James during the summer. The area also is home to Brown’s Island which hosts numerous concerts and events throughout the year that bring in people from all over the region.
The Arts District is the heart and home to RVA’s arts and culture bringing together the best elements of Richmond creativity and cultural institutions like art galleries, coworking spaces and social clubs, theatres and more. Downtown’s Arts District is centered around Broad Street as its core and connects several neighborhoods and all the elements of a thriving downtown: cultural institutions, urban living and amenities. With a wide range of shops and restaurants and a distinctive identity of eclectic expression, the Arts District is a destination for visitors and residents alike.
Ryan’s practice at One South Commercial focuses on investment and development site sales throughout Virginia. He brings a detailed, solutions-oriented approach to each transaction and has successfully represented a wide array of buyers and sellers on deals ranging from $1 million to $35 million. A Richmond native with a background in institutional real estate management, Ryan leverages a wide network of industry contacts and his experience “under the hood” to advise One South Commercial’s clients on everything from local sub-markets to national capital markets, and is ready and able to tackle anything in between.
Tom Rosman has been brokering investment real estate since the early 1990’s in the Richmond, VA, metro area. He has brought hundreds of transactions to a successful conclusion, including large apartment complexes, apartment buildings in historic neighborhoods, office buildings, retail properties, mixed use buildings, and numerous historic adaptive reuse properties.
Tom was one of the first brokers to recognize the transformative changes occurring in many of Richmond’s most architecturally significant but ignored neighborhoods. Having helped place many of the warehouses and other commercial structures in the hands of Richmond’s development community, Tom’s belief in what a property should be was never compromised by the condition it was in.
DISCLAIMER: This offering memorandum is intended as a reference for prospective purchasers in the evaluation of the property and its suitability for investment. Neither One South Commercial nor Seller make any representations or warranties with respect to the accuracy or completeness of the materials contained in the offering memorandum. Prospective purchasers should evaluate the property independently and rely solely on such independent evaluation in determining whether to purchase the property. The offering memorandum, pricing, and terms therein are subject to change or withdrawal at the discretion of Seller and One South Commercial, as Seller’s exclusive representative. *Information provided deemed reliable but not guaranteed
