2824 E Broad is a high profile historic, mixed-use property with a prominent corner location in Richmond’s oldest neighborhood, Church Hill. This unique 4-unit property offers an incredible restaurant owner occupant opportunity with three (3) apartments. The 1,200 SF ground floor retail commercial space features an efficient floor plan that is ideal for a neighborhood eatery or as a takeout location. The space features hardwood floors, a beautiful corner storefront, and a partial basement which can be utilized for storage and refrigeration.
The three (3) renovated apartments, located at both the rear ground floor of the building and on the second floor, offer hardwood floors, granite countertops, and stainless-steel appliances in the kitchens, new windows throughout, and washer/dryer in each unit. The units have tremendous light, large rooms, and high ceilings throughout. 2824 E. Broad St offers an investor a very stable rental history, an iconic ground floor commercial space, and three beautiful apartments that are light and airy, each with private outdoor space.
Built in 1914, this building was totally renovated in 2010 with new roofs, HVAC, electrical, plumbing, bathrooms, kitchens, windows, walls, and more. The current owner has been an excellent steward of the property and is very well maintained. A new buyer will be purchasing an investment in an area that continues to experience very robust rental growth and enjoys a highly desirable, walkable, destination-worthy location.
- 4-unit property
- 1,200 SF ground floor retail commercial space
- 1,000 SF of basement space
- Renovated in 2010
- Very stable rent history