Welcome to a unique investment opportunity across the Richmond metro area. This mixed-use real estate portfolio (originally 21 properties) is now a total of 5 properties, featuring 7 rental units. 4 Single Family and one mixed use (Laundromat w/ attached Triplex). This portfolio is a strategic investment that offers both immediate rental income and significant long-term potential providing multiple revenue streams. Historically high occupancy rates and steady rental and retail income make this portfolio a reliable cash flow generator. These properties have room for appreciation, allowing investors to capture additional value over time through property improvements and rent increases. Don't miss out on this exceptional investment opportunity and secure your place in Richmond's thriving real estate market. Properties can be sold individually, in groups or all together.
NEW PRICE ADJUSTMENT A generational re-imagine and re-purpose development opportunity within the vibrant Fan District. Potential Historic Tax Credits. The 800 block to the 1100 block of West Franklin Street was once known as Richmond s 5th Avenue, lined with Second Empire, Queen Anne, Jacobean, Romanesque and Colonial Revival styles architecture. This location is a part of the western portal to the original RPI, now VCU. This offering is 2- Fan Row Homes, totaling a combined area of approximately 8,008 sq. ft. (~4,000 s.f. each) plus ~3,916 sq. ft. of full, unfinished basement. New roof, Off-street parking spaces. Consider the possibilities: Multi-Family Development, Office, Mixed Use, Single Family renovation and resale.
The property sits on the prominent corner of 5th and E Cary Street in Richmond s Monroe Ward, adjacent to the Central Business District. Built in 1844, this is one of the oldest structures in Richmond. The buildings are constructed of brick with a stucco overlay. The main building consists of 6,348 square feet over three floors. With high ceilings, beautiful winding staircases, large rooms, huge windows, and many original architectural features, the space would make perfect offices for attorneys, financial planners, family offices, architectural firms, or any creative type of use. The two-story carriage house adds another 1,650 square feet and could be used for a separate business or Airbnb, bringing in rent to the owner. This is a truly unique building that would be a great statement for any business or investor.
5 contiguous lots in Historic Jackson Ward. The properties are in an up and coming area of Jackson Ward close to the Saint Lukes Building, which has been a wonderful success in the revitalization of the area. These lots are located on 1st st. between Charity and Federal Street are close to VCU, VUU and the CBD and offer the potential for a high profile apartment or mixed use development. Jackson Ward is projected to be reconnected and revitalized in the Cities 2030 plans and is sure to be a success and add to the rebirth of the Downtown Richmond area.
Welcome to 424 E Grace Street in Richmond, VA, a stunning historical building dating back to 1928. With the recent signing of a lucrative ten-year NNN lease covering both the first floor and basement, 424 E Grace emerges as a prime investment opportunity for both seasoned investors and prospective owner-occupants alike. Boasting a fully outfitted and easily accessible second floor, tailored to suit the needs of a new office tenant, this property stands ready to accommodate various business ventures. Its existing finishes coupled with favorable B-4 zoning present a multitude of avenues for maximizing returns, including several redevelopment possibilities. Moreover, it is primed for immediate occupancy by an owner-user, with minimal build-out requirements. Spanning nearly 11,000 square feet and strategically situated on a corner lot, the location remains an enticing prospect for retail or office purposes. With a range of highly reputed restaurants and cafes just steps away, the location of 424 E Grace Street is a bustling area one block south of Richmond s iconic Broad St. Enjoy the convenience of being on the doorstep of popular establishments like Lillie Pearl, Wong Gonzales, Secret Sandwich Society, Rappahannock, and Buttermilk & Honey. The property is also walking distance to performing arts centers such as, The National and Dominion Energy Center. East Grace Street has undergone a transformation in recent years, with a wave of new development that has transformed the area into a vibrant and bustling neighborhood. The property sits prominently at the corner of N 5th St and E Grace St, making it a highly visible location with a stately architectural profile and glass line. The street is considered to be very walkable, with a range of amenities within easy reach.
This site is ready for development and has a wide variety of uses by right. It is in the City's CARE area and Enterprise Zone as well as an Opportunity Zone.
Originally constructed in 1920, this 3 story former warehouse property was redeveloped as creative office by one of the building s founding office tenants, CRT/Tanaka, a local public relations firm since acquired by international public relations and marketing firm, Padilla. With approximately 40,000 SF of renovated creative office spanning across 3 floors, the building s flexible layout, preservation of original historic warehouse features, and unique modern improvements offer a highly functional and dynamic blend of collaborative, meeting, and private workspaces. The property s large 13,000 SF floor plates are conveniently traversed by both elevator and stairwell access, easily accommodating the building s two long term stable tenants which include both local developer and property management firm, Genesis Properties, as well as Padilla. Padilla s occupancy spans across the 1st and 3rd floors, loosely integrated via a large dramatic 3rd floor atrium which opens to the 1st floor. Genesis Properties occupies the building s 2nd floor, a space seamlessly demised around the building s atrium opening.
OWNER USER OR DEVELOPMENT OPPORTUNITY 3801 Hull St is a perfect opportunity for an owner user or small scale developer to plant their own flag in the Broad Rock Heights neighborhood. Located right at the corner of McGuire Drive and busy Hull St, this 0.1 acre lot is zoned B-3 and allows for 3 stories by right. This great value-add opportunity offers visibility and accessibility in an enterprise zone as well as the chance to land bank in an emerging market in South Richmond!
