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Historic Mixed-Use Property
For Sale
$725,000

307 E Broad Street, Richmond, VA 23219

CommercialSale, Richmond, VA

Property SizeContact for details
Lot Size0.08 Acres
Days on Market480

Property Features for 307 E Broad Street

General Information

Property type Commercial Sale
Property subtype Other
Subdivision 10 - Richmond
Standard status Active
APN W000-0036-002
Lot size 0.08 Acres

Taxes and HOA fees

Tax Description 0026.40X0136.70 0000.083 AC
Legal Description 0026.40X0136.70 0000.083 AC

Utilities

Sewer type Public Sewer
Water source Public

Building Details

Year built 1940
Floors in Building 3
Listing Agency: Joyner Fine Properties
Listed By: Sean Yoon · License #0225237610
Added: May 1, 2025 Changed: Aug 19 Last Checked: Aug 23 at 4:06PM
MLS# 2512094

Copyright © 2026 Central Virginia Regional Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

Built in 1940, this three-story mixed-use property is positioned for redevelopment on a 0.083-acre parcel. The building is currently in shell condition, offering a flexible starting point for a new interior plan and adaptive reuse strategy. The B-4 Central Business District designation supports dense development, requires at least three stories, and permits unlimited building height. Ground-floor commercial activity is required along major corridors, while upper levels may accommodate office or residential uses.

The property is located at 307 E Broad Street in Richmond’s Arts and Cultural District. It sits within a Richmond Enterprise Zone and CARE Program District, and may qualify for applicable city incentives. Public water and public sewer serve the property. The site is within walking distance of VCU, the Convention Center, Jackson Ward, and Pulse bus rapid transit stations.

Key Highlights

  • Three‑story building constructed in 1940
  • 0.083‑acre parcel at 307 E Broad Street, Richmond, VA 23219
  • B‑4 Central Business District zoning

Property Analytics

Current Use

Merlin Electric & Lightning ... Electrical Service Shoe Tree II Clothing & Fashion Store

Suggested Use

Top Pick Plumbing Service Locksmith (Bike/Boat/Book/etc) Store Auto Parts Store Carpet & Flooring Store Tanning Salon

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

8,028
Businesses Nearby

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 Retail in Richmond, VA

6.9% 2019
7.5% 2020
7% 2021
5.2% 2022
4.2% 2023
4.9% 2024
5.7% 2025
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Mixed-use property - Three-story shell building in B-4 zoning supports commercial activation with upper-level office or residential 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: Three‑story building constructed in 1940; 0.083‑acre parcel at 307 E Broad Street, Richmond, VA 23219; B‑4 Central Business District zoning
More about this property
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