Property Summary
18 W Broad is a “turn-key” investment opportunity located in the heart of Richmond’s Arts District. This beautifully renovated 3-story historic mixed use building, located at the corner of W Broad St and N Adams next to Richmond’s beloved Maggie Walker monument, is a true gem of the City’s architectural heritage. Built in 1920, 18 W Broad St comprises a total of six (6) units: four (4) residential units located on the 2nd and 3rd floors, accessible via dual stairwells, one (1) residential unit located on the ground floor, and one (1) ground floor retail commercial space. The building seamlessly blends its unique historicity with modern amenities as well as offers a diverse cash flow opportunity along one of Richmond’s most critical and vibrant corridors. The five (5) apartment units have primarily performed as short term rentals over the last few years while the 2,500 SF retail storefront offers an elegant high visibility presence for either a retail or creative office user at a prominent corner of the N Adams / W Broad triangle. Four (4) out of the five (5) apartment units have been newly renovated and include all furnishings for residents and tenants alike seeking a unique urban living experience.
Whether you’re seeking a unique live/work asset, an owner occupant opportunity for your business, or an asset with multiple investment strategies, this property offers excellent long-term income-growth potential.
Learn more about the rich history of the former Dixie Theater at 18 W Broad.
INVESTMENT HIGHLIGHTS
- Five (5) renovated apartments
- One (1) bright, airy commercial space – perfect for owner occupant or tenant
- New roof
PROPERTY DETAILS
| Units | 6 |
|---|---|
| Parcel ID | N0000076057 |
| Zoning Desc. | B-4 |
| Construction Date | 1920 |
| Co-broker Fee | Yes |