UNDER CONTRACT | HOFHEIMER BLDG | 2816 W Broad St Richmond, VA 23230

$2,700,000
Price

Mixed Use
Property Type


Units

0.17 AC
Parcel

14,400 SF
GBA

Under Contract Listing

About This Property

One South Commercial is please to present for sale the historic Hofheimer Building in Richmond’s Scott’s Addition. The Hofheimer Building was built in 1928 and was restored in 2015. It is an iconic property that was recognized by the National Trust for Historic Preservation as one of the leading development projects in the revitalization of Scott’s Addition. According to the Department of Historic Resources it is the only
example of “Exotic Revival-style” architecture in Scott’s Addition.

Award-winning chef Peter Chang operates his 7th restaurant on the ground floor and the remainder of the building is leased to the Hofheimer Event Venue and The HofGarden, a beer garden and restaurant.

While currently configured as 4 leasable commercial spaces, the potential of this building is further enhanced by it’s location along Richmond’s busiest commercial corridor — W Broad St. The development-friendly TOD-1 Transit Oriented zoning allows for a number of commercial uses in the building including office, retail, and coffee shop. The space would also be well-suited for a creative workspace, or lifestyle center. This potential also includes further renovation to include multifamily development. Architectural drawings have been created that show the conversion of the second level into four 3bed/3bath units.

Redevelopment in Scott’s Addition in recent years has transformed this formerly industrial area into one of the most exciting mixed-use neighborhoods in Richmond with distinctive adaptively repurposed multifamily apartments, entertainment venues, and popular commercial uses. Some of Richmond’s highest rated restaurants are also here including Longoven which was named as one of the best new restaurants in the country by Bon Appetit in 2019.

Combined with great accessibility from GRTC’s Pulse Rapid Transit on Broad Street, the Hofheimer Building is a great opportunity for an investor looking for flexible options in one of Richmond’s fasting developing areas.

Additional Information

91
Walkability

49
Transit

Units 4
Parcel ID N0001586026
Road Frontage W Broad
Zoning Desc. TOD-1 Transit Oriented
Prop. Condition Excellent
Construction Date 1928
Renovation Date 2015
Co-broker Fee Yes

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