MLS#2516165
STATUSPending
PROPERTY TYPECommercial - Business
Property Description
This exceptional turnkey investment property is fully leased with one commercial ground floor tenant and two apartments above having gross income of $77,936 in 2024. Well located in the heart of the Arts District and fully renovated, this solid income producing investment has 3,408 sf of commercial space with lease term running through 4/30/25 along with 1,300 sf one bedroom and 575 sf studio apartments. Each with their own washer and dryer, the apartments are well appointed with granite countertops and hardwood floors. Capital expense upgrades include both a new HVAC unit and sewer line replacement in 2023. Please allow 24 hour showing notice due to tenants in place.
Property Features
Property Type: Commercial - Business
Heating: Zoned
Lot Size: 0.08 Acres
Roof Type: Flat, Rubber
Stories: 2.0
Year Built: 1910
Feature Descriptions
Building Features: Multi-Tenant, No Elevators
Days on Site: 266
Exterior: Brick
Lot: Level
Lot Dimensions: 24.05 x 142.80
Parcel#: N000-0180-027
Sewer: Public Sewer
Topography: Level
Water: Public
Listed By / Shown By
Listed By
Agency Name: Joyner Fine Properties
Shown By
Agent Name: The Affendikis Group
Agent Phone: (804) 938-3539
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318 W Broad Street | MLS# 2516165
This commercial property located at 318 W Broad Street, Richmond, VA 23220 is currently listed for sale by Joyner Fine Properties, with an asking price of $985,000. Search Richmond real estate on www.theaffendikisgroup.com today.