Retail•Street Retail•For Sale

4 West Broad

4 West Broad Street, Richmond, Virginia 23220

Sale Price $440,000
Sale Type Owner User
Zoning B4
Bldg Type Single Tenant
Year Built 1930
Year Renovated 2015
Stories 1
Gross Bldg 3,680 SqFt
Land Area .06 Acres
Market Richmond
Sub-Market Downtown
Join Richmond's Finest Downtown Dining at Broad/Adams in the Arts and Culture Corridor. 3,680 square feet of mostly open floor space facing Broad Street. The building needs a complete build-out, but has Exposed Brick Walls, Ornate Tin Ceiling, Concrete Floor, Large Storefront Windows, Updated Electrical, Plumbing, 2-zoned HVAC, Rubber Roof, Hood with Exhaust Fan, Sprinklers, HDA men's and women's bathrooms. There is potential for a rooftop patio and/or 2-3 additional stories. Centrally located in Richmond's Broad/Adams triangle in the Arts and Culture Districtr with Max's, Tarrant's, Café 21, galleries, coffee shops and at a mass transit stop between VCU and MCV and 2 blocks to the Institute for Contemporary Art. "The Broad Street corridor, bounded by Belvidere and the Capitol, was established as the City’s Arts district in 2012. The designation came with specific funding for façade improvements, expedited permit review and rebates for re-zoning and application fees. The addition of the Quirk Hotel, an adaptive re-use and art-focused boutique hotel on Broad Street helped boost property values and bring traffic to the neighborhood from residents and travelers alike. One of the recent sales this year in May is the 14-unit Simon Cycle Building, which sold for $2.03 million, or about $135,000 per unit, nearly 10 times its sale price in 2011", CoStar data shows. The property is a 3 blocks from the $1B Coliseum Redevelopment Project. and several other apartment projects as this immediate area becomes more populated and pedestrian-friendly.
  • LOCATED IN RICHMOND ARTS AND CULTURE CORRIDOR BETWEEN VCU AND MCV on MASS TRANSIT STOP
  • VISIBILITY
  • LARGE OPEN FLOORPLAN
  • 2 BLOCKS TO COLISEUM REDEVELOPMENT PROJECT

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Sale Brochure

11/30/2018 3:23:31 PM 12/2/2018 8:23:03 PM

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