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Luxury Mixed-Use Asset in Richmond
For Sale
$2,599,000

2028 W Cary Street, Richmond, VA 23220

Rare, renovated mixed-use property in Richmond's sought-after Fan District.

Property SizeContact for details
Days on Market128

Property Features for 2028 W Cary Street

General Information

Standard status Active

Amenities

Three Or More
yes
3
no
6
Central Air
Multi-Tenant, No Elevators
Flat
Public Sewer
Level
Public
0.162
Acres
Other
City Street

Building Details

Year Built 2015
Stories 3
Listing Agency: One South Commercial LLC
Listed By: 804 Real Estate, LLC · License #0225268571
Source: 804realestate.idxbroker
Added: Apr 24 Changed: Aug 28 Last Checked: Aug 29 at 5:46AM

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 One South Commercial LLC

Investment Insights

Based on property information with market context.

Located in Richmond's Fan District, 2028 W Cary Street presents a rare opportunity to own a renovated mixed-use asset. This award-winning project, designed by David Johannas of Johannas Design Group, blends historic and modern design. The property is situated in a central location with access to amenities, walkable to Carytown and the Cary Street Station mixed-use community. It offers a luxury investment with potential for rent and value appreciation. The apartments feature one- to three-bedroom floor plans with condo-grade finishes, multi-level layouts, preserved historic elements, commercial-grade windows and doors, and private balcony or patio space. The property may be suitable for condo conversion in the future. This low-maintenance asset is suitable for an owner-occupant or multifamily investor, offering a turn-key investment with a diversified revenue stream. The location has a bike score of 65, making it bikeable, a walk score of 71, indicating it is very walkable, and a transit score of 40, suggesting some transit options are available.

Key Highlights

  • Luxury renovated/new construction mixed‑use asset in the Fan District.
  • Award‑winning "historic meets modern" design by David Johannas.
  • Excellent central location walkable to Carytown and Cary Street Station.

Property Analytics

Current Use

Lucky Whale Restaurant

Suggested Use

Top Pick Auto Parts Store (Bike/Boat/Book/etc) Store Plumbing Service Veterinary Clinic Storage Facility HVAC Service

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

Location Intelligence

Trade Area within ½ mile

1,656
Businesses Nearby

Demographics for 23220, VA

36,942
Population
16,561
Households
2.2
Avg Household Size
27
Median Age
59%
College-Educated
94%
High-School Grad
4.8 sq mi
ZIP Area
7,696
Density / Sq Mi
$56,681
Median Household Income
$33,249
Median Earnings
$1,354
Median Rent
$468,900
Median Home Value

Market

Vacancy Rate% for Multifamily in South region

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

What type of property is this?
Mixed-use property - Rare, renovated mixed-use property in Richmond's sought-after Fan District.
Where is this mixed-use property located?
The property is located at 2028 W Cary Street Richmond, VA.
What is the asking price?
The asking price for this property is $2,599,000.
What are key features of this property?
This property features: Luxury renovated/new construction mixed‑use asset in the Fan District.; Award‑winning "historic meets modern" design by David Johannas.; Excellent central location walkable to Carytown and Cary Street Station.
More about this property
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