Address Not Available By Request

    Richmond, VA 23223
    • $3,950,000
    • STATUS: Active
    • ON SITE: 767 days
    • MLS #: 1807362
    UPDATED: 170 min ago
    $3,950,000
    • 0
      BEDS
    • 0.41
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Commercial
    Built:
    1845
    County:

    School Ratings & Info

    Description

    Shockoe Bottom Portfolio Sale in OPPORTUNITY ZONE, Eligible for HISTORIC TAX CREDITs and TAX ABATEMENT 1725, 1726, 1727, 1729, 1731 E. Main St, 11 S. 15th St and 2 S. 18th St consists of 21,335 finished sf 6 brick buildings with 6 Retail spaces and 11 Apartments (9 1-bedroom and 2 2-bedroom units) w/98% occupancy. There is ability to add square footage and value to interiors of individual units (renovated units, new roofs, new HVAC units).Main Street Station transit-oriented development at Richmond's Grand Central Station as Amtrak's $3.8 Billion capital investment creates demand for apts. at transit stations and DBA $3,950,000 -4 buildings w/ 8 apts. and 4 retail spaces at 1725, 1727/29, 1731 E. Main St and 11 S. 18th St . $2,250,000 -1 building w/ 3 apts., 1 retail l spaces at 1726 E. Main St. $1,300,000 -11 S. 15th St 1-story retail bldg. $475,000 Across from Main Street Station and Farmer's Market, zoned B5 on .41 acres and current cap rate of 5.8% with enormous upside including value-add in 6 Retail and 11 Residential units and opportunities for additional square footage in rear and rooftop patio(s) OPPORTUNITY ZONE, Eligible for HISTORIC TAX CREDITs and TAX ABATEMENT

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    All or a portion of the multiple Listing information is provided by the Central Virginia Regional Multiple Listing Service, LLC, from a copyrighted compilation of Listings. All CVR MLS information provided is deemed reliable but is not guaranteed accurate. The compilation of Listings and each individual Listing are © 2020 Central Virginia Regional Multiple Listing Service, LLC. All rights reserved.The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated: 2020-04-09T23:57:13.28.
    www.exithomesearch.com/homes/81265346

    Address Not Available By Request Richmond, VA 23223

    • Price: $3,950,000
    • Status: Active
    • Updated: 170 min ago
    • MLS #: 1807362
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.41
    Acres
    1845
    Built
    Neighborhood:
    10 - Richmond
    County:
    Richmond City
    Area:
    10 - Richmond
    Property Description
    Shockoe Bottom Portfolio Sale in OPPORTUNITY ZONE, Eligible for HISTORIC TAX CREDITs and TAX ABATEMENT 1725, 1726, 1727, 1729, 1731 E. Main St, 11 S. 15th St and 2 S. 18th St consists of 21,335 finished sf 6 brick buildings with 6 Retail spaces and 11 Apartments (9 1-bedroom and 2 2-bedroom units) w/98% occupancy. There is ability to add square footage and value to interiors of individual units (renovated units, new roofs, new HVAC units).Main Street Station transit-oriented development at Richmond's Grand Central Station as Amtrak's $3.8 Billion capital investment creates demand for apts. at transit stations and DBA $3,950,000 -4 buildings w/ 8 apts. and 4 retail spaces at 1725, 1727/29, 1731 E. Main St and 11 S. 18th St . $2,250,000 -1 building w/ 3 apts., 1 retail l spaces at 1726 E. Main St. $1,300,000 -11 S. 15th St 1-story retail bldg. $475,000 Across from Main Street Station and Farmer's Market, zoned B5 on .41 acres and current cap rate of 5.8% with enormous upside including value-add in 6 Retail and 11 Residential units and opportunities for additional square footage in rear and rooftop patio(s) OPPORTUNITY ZONE, Eligible for HISTORIC TAX CREDITs and TAX ABATEMENT
    Exterior Features

    Fencing None Road Frontage Type City Street Roof CompositionMetalRubber Topography Level

    Interior Features

    Basement YN No Building Area Total 19000 Cooling Central Air Cooling YN Yes Heating Heat Pump Heating YN Yes

    Property Features

    Leasable Area 19000 Listing Terms ConventionalRehab Financing Property Condition Good Condition Sewer Sanitary Tax Lot .41 Water Source Public Zoning Description B5

    Listing courtesy of Joyner Fine Properties. Listing information © 2020 CVRMLS and CBRAR.


    All or a portion of the multiple Listing information is provided by the Central Virginia Regional Multiple Listing Service, LLC, from a copyrighted compilation of Listings. All CVR MLS information provided is deemed reliable but is not guaranteed accurate. The compilation of Listings and each individual Listing are © 2020 Central Virginia Regional Multiple Listing Service, LLC. All rights reserved.The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated: 2020-04-09T23:57:13.28.
     
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