1627 W Main St - Storefront Retail/Residential FOR SALE


Richmond, VA 23220- Uptown Richmond
$1,250,000 USD
804-728-1553
1627 W Main St, Richmond, VA for Sale
$1,250,000 USD
Storefront Retail/Residential - FOR SALE
1/11
null | 4.48% Cap Rate

1627 W Main St
Richmond, VA 23220
Uptown Richmond


HIGHLIGHTS

  • Up to 20,000 VPD traverse the Main St Corridor
  • Multi generational restaurant space with superlative pedigree
  • Exposed brick, high end buildout

OVERVIEW

Welcome to 1627 W Main St, a historic mixed-use property nestled in the heart of Richmond's vibrant Fan District. Built in 1900, this two-story brick building offers a unique blend of commercial and residential opportunities. Property Highlights: Size: Approximately 1,919 square feet of built-out restaurant space. Plus one three bed/two bath apartment and one single bed/bath apartment. Zoning: Designated as B-1/UB. Location: Situated on a 0.06-acre lot with 35 feet of frontage on W Main St, providing excellent visibility and accessibility. Interior Features: Commercial Space: The ground floor has housed one of Richmond’s premier restaurant destinations for the past 12 years. This lease would be re-negotiated as part of a sale. Residential Units: Large windows and plenty of light along with the convenience and charm of Fan living ensure that these units are rented quickly. Both units are currently occupied. Neighborhood Amenities: Proximity to VCU: Just minutes away from Virginia Commonwealth University, making it attractive to students and faculty. Cultural Attractions: Close to the Museum District, offering easy access to Richmond's rich cultural scene. Dining and Entertainment: Surrounded by a diverse array of restaurants, cafes, and shops, providing a lively urban experience. Investment Potential: Fan real estate continues to be in high demand with very few properties trading annually. Owning a piece of Richmond’s history in the Fan District is a rare opportunity indeed. Additional Information: Year Built: 1900 Building Class: C Tenancy: Multiple Building FAR: 0.80

FOR SALE DETAILS

PRICE

$1,250,000 USD

PRICE/SF

$227 USD /SF

CAP RATE

4.48%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1900

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.07 AC

LAND SF

3,049 SF

ZONING

B-1

APN/PARCEL ID

W000-0658-001

ASK ABOUT THIS PROPERTY

Jason SavedoffFilament Business AdvisorsMore Info
804-728-1553

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Jason SavedoffFilament Business AdvisorsMore Info
804-728-1553

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.