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505 Main St Richmond, VA 23219

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For Sale
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Prime Richmond location, multifamily & office space.

Property size:
3,954 SF

Property Features for 505 Main St

General Information

Property type
Multifamily properties
Square Feet
3,954 SF
Class
B

Building Details

Stories
2

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Listing Contact
Robert Marshall
Robert Marshall

Listing Agency: Taylor Long Properties Listing Agent: Robert Marshall

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

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Property Insight Report

Overview

This exceptional mixed-use property at 505 E Main St, Richmond, VA 23219 presents a unique investment opportunity. The building, classified as a Class B property, boasts a total of 3,954 square feet spread across two stories. The property includes a 1,318 square foot apartment currently generating a monthly rental income of $1,500, providing immediate cash flow. In addition to the residential component, there is 2,634 square feet of office space, ideal for an owner-occupant or for lease to generate additional income. The property features two dedicated parking spaces, a valuable asset in a bustling urban environment. This property is being sold "As-Is," allowing for flexibility and potential for renovation or customization to suit the buyer's specific needs. Located in the heart of Richmond, this mixed-use building offers excellent visibility and accessibility, making it an attractive proposition for investors seeking a blend of residential and commercial income streams. The property's strong rental income and versatile layout make it a compelling investment opportunity in a thriving Virginia market. The convenient location and existing income stream make this a truly attractive proposition.
Property Profile Insight Report Location Intelligence

Current Use by Public Records

Mc Cabe Nicole ... Law Firm Marshall & Marshall Law Firm Crown Vending Coffee ... Big Box & Wholesale Store

Suggested Use

Real Estate Agency Spa & Massage Center Restaurant Hair Salon Dental Office Nail Salon Building Supply Gym & Fitness Center Auto Repair Shop Pharmacy

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

Location Insight

  • Map
  • Local Demand
City
Richmond
County
Richmond
State
Virginia
Longitude
-77.4398058
Latitude
37.5400694

FAQs

What type of property is this?
Multifamily property - Prime Richmond location, multifamily & office space.
Where is this multifamily property located?
The property is located at 505 Main St 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: 3,954 square foot building.; 1,318 square foot apartment generating $1,500 monthly rent.; 2,634 square foot office space.
(804) 864-9788 Call to check price and availability
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