Active Listing

2824 E Broad St
Richmond, VA 23223

$1050000

Mixed Use
Property Type


Units

.052 AC
Parcel

5,819 SF
GBA

Property Summary

2824 E Broad is a fully leased historic mixed use property with a prominent corner location in Richmond’s oldest neighborhood, Church Hill.  This unique 4-unit property includes a ground floor commercial space and three (3) apartments. The 1,200 SF ground floor retail commercial space is occupied by a long-time established neighborhood pizza restaurant. The commercial space also has direct access to approximately 1,000 SF of basement space utilized  for storage and refrigeration. The three (3) renovated apartments, located at both the rear ground floor of the building and on the 2nd 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 Street offers an investor a very stable rental history, a successful restaurant tenant on the ground floor, 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 it has been 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.

PROPERTY DETAILS

Units 4
Parcel ID E000-0530-017
Const. Materials Wood
Zoning Desc. R-6
Construction Date 1914
Co-broker Fee Yes

78
Walkability

0
Transit

PROPERTY PHOTOS

PROPERTY LOCATION

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