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Property profile

5-7 Broad St Richmond, VA 23219

OFF-MARKET
Retail properties & Spaces
180,000 SF Built 1910
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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

Location

5-7 Broad St Richmond, VA 23219
Richmond metro
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Value estimations

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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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