MARK TO MARKET OPPORTUNITY
EXCELLENT COST BASIS
MULTIPLE VIABLE BUSINESS PLAN
EXCELLENT SUBMARKET DEMOGRAPHICS
LOOSENED SHORT TERM RENTAL REGS
Cigar Lofts
American Heritage Apartments
1877 Lofts
Exchange Place
Shockoe Commons
Cobblestone Commons
Railroad YMCA Lofts
The Lofts at Shockoe Slip
The Corner Lofts
Flats at 14th
ABOUT SHOCKOE SLIP/DOWNTOWN RICHMOND
DOWNTOWN RICHMOND THE EPITOME OF LIVE. WORK. PLAY.
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.
SHOCKOE SLIP & BOTTOM – WHERE HISTORY MEETS STYLE
Cobblestone streets, 18th century store fronts, brick sidewalks shaded by trees gracefully arching over the road – historical Shockoe Slip and Shockoe Bottom take you back in time to the beginnings of our county. Full of chic boutique shops and cafés, Shockoe has something for everyone. With multiple museums, the Canal Walk and boat tours, the mural tours Shockoe has plenty to keep anyone busy. Recently Hollywood has taken notice of the preserved historical character of the district and now it’s not uncommon to see a film crew or celebrity in town filming the latest historical drama.
10 South 14th Street, Richmond, VA, USA
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.
Born and raised on a Virginia farm just outside the City of Richmond, Lory Markham has always been fascinated by settlement patterns and how urban growth happens. Her professional history, market knowledge, and passion for making places better equip her to work toward the continued growth of Richmond.
Lory graduated summa cum laude from Hollins University and earned her MA in Urban and Environmental Planning at the University of Virginia’s School of Architecture. After two years at the Richmond Regional Planning District Commission, she continued her public service at the City of Richmond. As Principal Planner for the City of Richmond, Lory served as Secretary to the city’s Planning Commission and managed the review of all development projects in the City that needed special approval. Her contributions to development in the City were recognized in her selection as a “Top 40 Under 40” by Style Weekly.
After over a decade of experience in with the City of Richmond, Lory started a planning consulting company, Markham Planning, and joined One South Commercial as a commercial agent. Her extensive knowledge of the Richmond market, zoning and development review process, historic tax credits, and neighborhood development has made her a prominent figure in the Richmond real estate market. And her focus remains in making places better and maximizing their potential.
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