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804-220-0714
The Hogan Group Real Estate
318 W Broad Street, Richmond, VA 23220
- $890,000
- Sold Price
- $890,000
- List Price
- $985,000
- Days on Market
- 220
- Closing Date
- Mar 18, 2026
- MLS#
- CVR-2516165
- Status
- CLOSED
- Type
- Commercial
- Year Built
- 1910
- County
- Richmond City
- Region
- 10 - Richmond
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.
Additional Information
- Acres
- 0.08
- Roof
- Flat, Rubber
- Heating
- Zoned
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Listing courtesy of Joyner Fine Properties. Selling Office: 1st Class Real Estate Premier Homes.
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