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Four-Story 211-Unit Apartment Community
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4008 W Broad St, Richmond, VA 23230

New four-story mixed-use apartment community under construction with first-floor commercial space and a targeted tenant mix.

Property Size1,022 SF
Days on Market1319

Property Features for 4008 W Broad St

General Information

Standard status Active
Size 1,022 SF
Property subtype RETAIL

Space & Availability

Floor Ground
Space Use Office
Condition Turnkey

Additional Details

Road Access Yes

Building Details

Stories 4
Tenancy Multi
Abandoned No
Listing Agency: Divaris Real Estate - Richmond
Listed By: Loretta Cataldi · License #VA 0225053592
Source: Moodyscre
Added: Dec 19, 2022 Changed: Jul 30 Last Checked: Jul 30 at 3:41AM

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 Divaris Real Estate - Richmond

Investment Insights

Based on property information with market context.

New construction is underway for a four-story, 211-unit mixed-use apartment community located along W Broad St in Richmond. The development includes first-floor commercial space designed to support compatible street-level users.

The property is currently under construction and positioned for visibility along Broad Street. It is also described as being adjacent to Scott’s Addition. The landlord is seeking qualified deal partners for coffee operations, along with retail, office, and service users.

For tenants and operators, the project’s mix is intended to combine multi-family living with active ground-floor commercial space, creating a single address for both residential and street-facing concepts.

Key Highlights

  • Four‑story mixed‑use development currently under construction
  • 211‑unit apartment community
  • First‑floor commercial space included

Property Analytics

Current Use

Robert & Delilah Apartment Building Belmont on Broad Apartment Building Belmont on Broad Apartments Apartment Building

Suggested Use

Top Pick Nail Salon (Bike/Boat/Book/etc) Store Daycare Center Catering Service Pet Grooming Service Bakery

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Multi-tenant
Tenancy
Yes
Paved road access
NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

1,959
Businesses Nearby

Demographics for 23230, VA

8,263
Population
5,066
Households
1.6
Avg Household Size
35
Median Age
52%
College-Educated
89%
High-School Grad
4.3 sq mi
ZIP Area
1,922
Density / Sq Mi
$71,189
Median Household Income
$55,121
Median Earnings
$1,608
Median Rent
$343,500
Median Home Value

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - New four-story mixed-use apartment community under construction with first-floor commercial space and a targeted tenant mix.
Where is this apartment building located?
The property is located at 4008 W Broad St Richmond, VA.
What are key features of this property?
This property features: Four‑story mixed‑use development currently under construction; 211‑unit apartment community; First‑floor commercial space included
(804) 335-0232 Call to check price and availability
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