206 Broad St Richmond, VA 23219-1736
This exceptional mixed-use commercial property, located at 206 W Broad Street in Richmond, Virginia, presents a unique investment opportunity. The building encompasses a substantial 5,543 square feet and offers a versatile blend of office and multi-family residential space. Its strategic location in Richmond ensures high visibility and accessibility, making it ideal for a variety of businesses and tenants. The property's layout allows for flexible configurations, catering to diverse operational needs. The building's current configuration is suited for both commercial office use and multi-family residential occupancy, providing a strong foundation for immediate income generation and long-term growth. The asking price of $1,200,000 reflects the property's significant potential for return on investment. This is a rare chance to acquire a well-situated mixed-use property in a thriving urban environment. The property sits on a lot with no acreage, making it a compact and efficient investment. Serious inquiries are encouraged to explore the full potential of this remarkable opportunity. Detailed financial information and property plans are available upon request. Don't miss this chance to secure a valuable asset in a dynamic and growing market. This property is being offered as-is.
-
New York Fashions Clothing & Fashion Store
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2020Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
B-4 CENTRAL BUSINESS · Richmond, VACosts & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.