PRICE IMPROVEMENT | 2501 W Main St Richmond, VA 23220
About This Property
ONE SOUTH COMMERCIAL is honored to be the exclusive listing brokerage for 2501 W Main St — a mixed use building located in the Fan District of Richmond, VA. This listing presents a rare opportunity to purchase a building with a commercial storefront with a residential unit on W Main St.
The space is currently under a multi-year lease agreement to Benny Ventano’s Pizza. An apartment is located on the second floor and accessed by a private entrance on S Davis St. A detached garage at the rear of the main building provides additional rental income for the property.
The building was constructed in 1910 and renovated extensively in 2011. Improvements to the commercial space include new HVAC, hardwood floors, tile, windows, front doors, and paint. Similarly, improvements to the apartment include new floors, upgraded bathroom, installed galley kitchen, new ceiling, windows, and paint.
This location is excellent for a commercial or residential space as it is located in the heart of the Fan District and within walking distance to Carytown, Byrd Park, the commercial corridors of Robinson St and Main Street, and the Virginia Museum of Fine Arts. Unsurprisingly, 2501 W Main has historically been fully leased for both the commercial and residential units.
2501 W Main St is situated in one of the most dynamic neighborhood commercial corridors in Richmond. This listing, surrounded by robust residential areas with favorable demographics to support a mixed use building, provides a great opportunity for a buyer looking for an investment opportunity in Richmond’s Fan District.
|Leasable Area||3142 sq. ft.|
|Road Frontage||W Main St|
|Zoning Desc.||UB Urban Business|