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    801 Broad St Richmond, VA 23230

    Sponsored
    For Sale
    $3,200,000

    Prime Richmond location, high-traffic area.

    Property size:
    6,400 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional mixed-use property, located at 801 W Broad Street in Richmond, Virginia, presents a unique investment or owner-user opportunity. The 6,400 square foot building, constructed in 1920 and renovated in 2015, sits on a 3,000 square foot lot (APN: W000-0361-025) and is zoned B4. Currently configured as a restaurant on the first floor and two apartments on the second floor, plus basement storage, this three-unit building offers significant versatility. The existing restaurant tenant will relocate with the sale, including all equipment, supplies, and inventory. The apartments feature three and four bedrooms, two bathrooms, and full-sized stackable washer/dryers. The basement boasts approximately 10-foot ceilings, concrete floors, exposed brick walls, and potential for an open floor plan. This corner location benefits from high visibility and pedestrian traffic, situated on a transit line and near established national retail tenants such as Chipotle, Panera, and Cava. The property enjoys a prominent position within a vibrant area of Richmond, a half-mile from I-95 and I-64 access, experiencing 16,130 vehicles passing daily. The building's location within an Enterprise Zone offers additional potential advantages. The asking price is $3,200,000. Currently vacant, this property is ready for immediate occupancy or redevelopment. Detailed floor plans and equipment lists are available.

    Property Features for 801 Broad St

    General Information

    Property type
    Restaurants
    Square Feet
    6,400 SF

    Building Details

    Year Built/Renovated
    1920/2015
    Units
    3

    HighLights

    • Corner mixed‑use property in Richmond, VA, near Chipotle, Panera, and Cava.
    • Investment or owner‑user opportunity; existing restaurant tenant will relocate with equipment and inventory.
    • High‑visibility location with 16,130 vehicles per day (VPD).
    • Transit‑oriented location on a transit line with high pedestrian traffic.
    • Located in an Enterprise Zone.
    Property Profile Location Intelligence

    Current Use by Public Records

    Aladdin Express Mediterranean Restaurant

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Richmond
    County
    Henrico
    State
    Virginia
    Longitude
    -77.4874049
    Latitude
    37.5803608

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    FAQs

    What type of property is this?
    Restaurant - Prime Richmond location, high-traffic area.
    Where is this restaurant located?
    The property is located at 801 Broad St Richmond, VA.
    What is the asking price?
    The asking price for this property is $3,200,000.
    What are key features of this property?
    This property features: Corner mixed-use property in Richmond, VA, near Chipotle, Panera, and Cava.; Investment or owner-user opportunity; existing restaurant tenant will relocate with equipment and inventory.; High-visibility location with 16,130 vehicles per day (VPD).
    Request Owner's contact information
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    Richmond, VA 23230
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    801 Broad St Richmond, VA 23230
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