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    OFF-MARKET
    Retail properties & Spaces

    5-7 Broad St, Richmond, VA 23219

    180,000 SF Built 1910
    Property ID
    Property summary
    AI-generated overview

    This exceptional 180,000 square foot flex space, located in Richmond, Virginia's vibrant Arts District near VCU University, presents a unique investment opportunity. Situated at 5-7 East Broad Street, this Class C property offers multiple tenancy options, with a minimum divisible space of 5,867 square feet and a maximum contiguous space of 5,867 square feet. Currently, 11,734 square feet is available for lease. Built in 1910, this building boasts a rich history and is ideally suited for a variety of businesses seeking a blend of retail, office, and industrial space. The property's prime location in the Arts District provides excellent visibility and accessibility, benefiting from the high foot traffic and proximity to Virginia Commonwealth University. The flexible layout allows for customization to meet diverse business needs. This is an exceptional chance to secure space in a thriving, historic area of Richmond, offering a unique blend of character and modern functionality. The property is located in Richmond City County, Virginia, zip code 23219. The building's total square footage is 180,000 square feet. Two spaces are currently available for lease.

    Property profile
    Verified
    Property type Retail properties & Spaces
    Year built 1910
    Total area 180,000 SF
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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