Downtown Richmond Redevelopment
For Sale
$725,000
307 E Broad Street, Richmond, VA 23219
Historic building in Richmond's Arts District ready for redevelopment.
Property Size6,630 SF
Lot Size0.08 Acres
Price / SF$109.35
Days on Market483
Property Features for 307 E Broad Street
General Information
Standard status
Active
Size
6,630 SF
Lot size
0.08 Acres
Property subtype
General Commercial
Amenities
3
Building Details
Year Built
1940
Listing Agency:
Joyner Fine Properties
(804) 355-4000
Listed By:
Joyner Fine Properties · License #0225237610
(804) 355-4000
Source:
Xome
Added: Apr 28, 2025
Changed: Aug 23
Last Checked: Aug 23 at 9:46AM
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 Joyner Fine Properties
Investment Insights
Based on property information with market context.
Located in the heart of Richmond’s vibrant Arts and Cultural District, the property at 307 East Broad Street presents a redevelopment opportunity. This three-story retail building, originally built in 1940, offers creative flexibility for developers or owner-users. The 6,630-square-foot structure is situated on a 0.083-acre parcel in the City’s B-4 Central Business District. The property is currently in shell condition, providing a blank canvas for adaptive reuse or modern mixed-use redevelopment. The B-4 zoning allows for unlimited building height and requires a minimum of three stories, encouraging dense, transit-oriented development. Ground-floor commercial use is mandated on major corridors like Broad Street, making it suitable for retail, dining, gallery, or boutique concepts, while upper floors can accommodate residential or office uses. The property is located within a Richmond Enterprise Zone and a CARE Program District, potentially qualifying it for city incentives. Its strategic location is within walking distance to VCU, the Convention Center, Jackson Ward, and Bus Rapid Transit (Pulse) stations. The location has a bike score of 91, walk score of 94, and transit score of 52.
Key Highlights
- Prime redevelopment opportunity in Richmond's Arts and Cultural District.
- Zoned B‑4: unlimited building height, minimum three stories, dense transit‑oriented development encouraged.
- Strategic location: walking distance to VCU, Convention Center, Jackson Ward, and Pulse stations.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
8,028
Businesses Nearby
Explore this area
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Historic building in Richmond's Arts District ready for redevelopment.
Where is this mixed-use property located?
The property is located at 307 E Broad Street Richmond, VA.
What is the asking price?
The asking price for this property is $725,000.
What are key features of this property?
This property features: Prime redevelopment opportunity in Richmond's Arts and Cultural District.; Zoned B‑4: unlimited building height, minimum three stories, dense transit‑oriented development encouraged.; Strategic location: walking distance to VCU, Convention Center, Jackson Ward, and Pulse stations.
