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1109 Franklin St Richmond, VA 23220

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For Sale
Contact for pricing

Prime Richmond location, high ROI potential.

Property size:
8,008 SF

Property Features for 1109 Franklin St

General Information

Property type
Multifamily properties
Square Feet
8,008 SF
Class
B
Lot Size
8,712 SF

Building Details

Buildings
2
Stories
3

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Listing Contact
Nathan Shor
Nathan Shor

Listing Agency: @S.L. Nusbaum Realty Co Richmond Listing Agent: Nathan Shor

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

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Overview

This exceptional mixed-use investment opportunity presents two three-story buildings totaling 8,008 square feet situated on a 0.2-acre lot at 1109 & 1111 W Franklin St in Richmond, Virginia, 23220. The property, classified as Class B, is currently configured as an apartment building, executive office space, and a single-family rental portfolio, offering diverse income streams. The asking price is $1,295,000, translating to $161.71 per square foot. The buildings boast a newly installed roof and offer convenient onsite parking. Zoned R-6, this property presents significant potential for redevelopment or expansion. Its prime location near Virginia Commonwealth University (VCU) ensures high occupancy rates and strong rental demand. The property's historic character may qualify for potential historic tax credits, further enhancing its investment appeal. This is a rare chance to acquire a well-located, versatile property with substantial upside in a thriving urban market. The dual-building structure provides flexibility for various uses and future development plans. Serious investors should act quickly to capitalize on this unique opportunity.
Property Profile Location Intelligence

Current Use by Public Records

Beth Ahabah Museum ... Museum Beth Ahabah Online ... Cemetery

Suggested Use

Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Grocery & Convenience Store Skin Care Clinic

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

  • Map
  • Local Demand
City
Richmond
County
Richmond City
State
Virginia
Longitude
-77.4552171
Latitude
37.55090153

FAQs

What type of property is this?
Multifamily property - Prime Richmond location, high ROI potential.
Where is this multifamily property located?
The property is located at 1109 Franklin St Richmond, VA.
What is the asking price?
The asking price for this property is $1,295,000.
What are key features of this property?
This property features: Prime VCU location.; Potential historic tax credits.; Onsite parking.
(804) 320-7600 Call to check price and availability
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