Historic Mixed-Use
New
For Sale
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123 East Broad Street, Richmond, VA 23219
Renovated historic asset combines residential income, commercial tenancy, and dedicated off-street parking in downtown Richmond.
Property SizeContact for details
Days on Market5
Property Features for 123 East Broad Street
General Information
Standard status
Active
Property subtype
Retail, Multifamily, Mixed Use
Listing Agency:
One South Commercial
Listed By:
Tom Rosman · License #VA 0225030879
(804) 266-8831
Source:
Crexi
Added: Sep 8
Changed: Sep 11
Last Checked: Sep 12 at 4:56AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of One South Commercial
Investment Insights
Based on property information with market context.
Constructed in 1910 and renovated in 2007, this 22,406-square-foot mixed-use building includes eight apartments above a 6,941-square-foot commercial space. The residences comprise two one-bedroom units with dens and six two-bedroom, two-bath apartments, with modern finishes, central air conditioning, and in-unit washers and dryers.
The first floor and basement are occupied by Jefferson Loan Office under a lease extending through 2031, with two additional five-year renewal options. The lease includes reimbursement of the tenant’s proportionate share of real estate taxes and qualifying building operating costs. The offering also includes the adjacent 3,365-square-foot parcel at 216 N 2nd Street, which provides eight off-street parking spaces. The property is located at 123 East Broad Street in downtown Richmond’s Broad Street Arts District.
The first floor and basement are occupied by Jefferson Loan Office under a lease extending through 2031, with two additional five-year renewal options. The lease includes reimbursement of the tenant’s proportionate share of real estate taxes and qualifying building operating costs. The offering also includes the adjacent 3,365-square-foot parcel at 216 N 2nd Street, which provides eight off-street parking spaces. The property is located at 123 East Broad Street in downtown Richmond’s Broad Street Arts District.
Key Highlights
- 22,406‑square‑foot mixed‑use building constructed in 1910 and renovated in 2007
- Eight apartments: two 1BD with den residences and six 2BD/2BA apartments
- 6,941‑square‑foot commercial space occupied by Jefferson Loan Office
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
203
Businesses Nearby
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Business Placement
Demographics for 23219, VA
5,307
Population
3,488
Households
1.5
Avg Household Size
29
Median Age
62%
College-Educated
91%
High-School Grad
1.3 sq mi
ZIP Area
4,082
Density / Sq Mi
$62,533
Median Household Income
$46,509
Median Earnings
$1,439
Median Rent
$287,500
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Renovated historic asset combines residential income, commercial tenancy, and dedicated off-street parking in downtown Richmond.
Where is this mixed-use property located?
The property is located at 123 East Broad Street Richmond, VA.
What is the asking price?
The asking price for this property is $2,750,000.
What are key features of this property?
This property features: 22,406‑square‑foot mixed‑use building constructed in 1910 and renovated in 2007; Eight apartments: two 1BD with den residences and six 2BD/2BA apartments; 6,941‑square‑foot commercial space occupied by Jefferson Loan Office
