402 N 2Nd St, Richmond, VA 23219
- Retail space
- 1,968 SF
- 0.06 lot acres
Current Use by Public Records
- Winner Beauty Products / Hair Salon / Nail Salon
- Saadia's Juicebox & Yoga Bar / Cafe & Coffee Shop
- K8 Vapes / (Bike/Boat/Book/etc) Store
- Buna Kurs Ethiopian Cafe / Cafe & Coffee Shop
- Johnson's Beauty Academy / Vocational School / Training Center
Property Details for 402 N 2Nd St
- Year built
- 1986
- Construction
- TYPE NOT SPECIFIED
- Lot size
- 0.06 lot acres
- Zone code
- B-4 CENTRAL BUSINESS
- Property type
- Retail space
- APN
- N-000-0061-020
- APU
- N0000061020
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Dec 9, 2022 | — | 402 N 2nd Street LLC | Harvey C Johnson JR | Gift Deed · related | — |
Description
This exceptional mixed-use property, located at 402 1/2 N 2nd St in Richmond, Virginia (zip code 23219), presents a compelling investment opportunity with a strong rental history and a desirable 7.00% cap rate. The 2,700 square foot building is zoned B-4 and sits on a 0.042-acre lot. The property features a fully equipped, second-generation bakery/coffee shop storefront complete with sidewalk seating, adding immediate income potential. Above the retail space is a studio apartment, providing additional rental income streams. The building also includes a basement, offering versatile storage or expansion possibilities. Its prime location in the vibrant Jackson Ward neighborhood places it in close proximity to the Convention Center and VCU Hospital, ensuring high foot traffic and strong tenant demand. This property is ideal for both investors seeking a stable, high-yield investment and owner-occupants looking to establish their business in a thriving urban setting. The building's existing setup as a bakery/coffee shop and apartment provides a turnkey operation, minimizing initial setup costs and maximizing immediate returns. This is a rare opportunity to acquire a well-maintained, income-producing property in a highly sought-after location.
Value Estimations
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Location Insight
- Map
- Local Demand
- City
- Richmond
- County
- Richmond City
- State
- Virginia
- Longitude
- -77.4394
- Latitude
- 37.5457
- CBSA code
- 40060
- CBSA name
- RICHMOND, VA METROPOLITAN STATISTICAL AREA
