1. Virginia
  2. Richmond
  3. 318 W Broad St
$1,010,000

318 W Broad St, Richmond, VA 23220

  • 6,816 sqft
  • Property Icon Commercial Property
  • Property Year Built Icon Built in 1910
  • Property Lot Size Icon3,485sqft lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $148/sqft
  • Property List Date Icon Listed 1 month ago

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.

Listing Status:
Active
Listing Office:
Joyner Fine Properties : (804) 270-9440
Listing Agent:
Bill Phillips : (804) 363-5446
MLS ID:
2516165
  • Heating: Zoned

This listing courtesy of Bill Phillips, Joyner Fine Properties

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

G

George W. Carver Elementary School

1110 W Leigh St, Richmond, VA, 23220

Grades KG-5

0.50 miles away

R

Richmond Alternative

119 W Leigh St, Richmond, VA, 23220

Grades 6-12

0.23 miles away

R

Richmond Alternative

119 W Leigh St, Richmond, VA, 23220

Grades 6-12

0.23 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.