1726 E Main Street

    Richmond, VA 23223
    • $950,000
    • STATUS: Active
    • ON SITE: 647 days
    • ID#: 1739260
    UPDATED: 40 min ago
    $950,000
    • 0
      BEDS
    • 0.65
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Commercial
    Built:
    1914
    County:

    School Ratings & Info

    Description

    1726 E. Main St corner brick building with 1st floor retail, outdoor patio and 2nd floor 3 1-bedroom apartments. The retail space is vacant at this time and allows for value-add and/or owner-occupant opportunity as the 17th St Farmer's Market and bikeshare is completed and restaurants offer outdoor seating. The vibrant pedestrian-friendly vision of Shockoe Bottom is coming alive as tourists, downtown employess and residents fill restaurants and other businesses.Full Portfolio 21,340sf Shockoe Bottom Portfolio includes 6 Brick Buildings with 50% occupancy, ability to add square footage and/or add value to interiors of individual units and increase rents. Located at Richmond' s state of the art Main Street Station and Farmer's Market, zoned B5 on .41 acres and current cap rate of 6% with enormous upside in 6 Retail and 11 Residential units - located in OPPORTUNITY ZONE, eligible for HISTORIC TAX CREDITS and TAX ABATEMENT

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    All or a portion of the multiple Listing information is provided by the Central Virginia Regional Multiple Listing Service, LLC, from a copyrighted compilation of Listings. All CVR MLS information provided is deemed reliable but is not guaranteed accurate. The compilation of Listings and each individual Listing are © 2019 Central Virginia Regional Multiple Listing Service, LLC. All rights reserved.The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated: 2019-08-17T10:57:08.367.
    www.abbittrealty.com/homes/78602678

    1726 E Main Street Richmond, VA 23223

    • Price: $950,000
    • Status: Active
    • Updated: 40 min ago
    • ID#: 1739260
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.65
    Acres
    1914
    Built
    Neighborhood:
    10 - Richmond
    County:
    Richmond City
    Area:
    10 - Richmond
    Property Description
    1726 E. Main St corner brick building with 1st floor retail, outdoor patio and 2nd floor 3 1-bedroom apartments. The retail space is vacant at this time and allows for value-add and/or owner-occupant opportunity as the 17th St Farmer's Market and bikeshare is completed and restaurants offer outdoor seating. The vibrant pedestrian-friendly vision of Shockoe Bottom is coming alive as tourists, downtown employess and residents fill restaurants and other businesses.Full Portfolio 21,340sf Shockoe Bottom Portfolio includes 6 Brick Buildings with 50% occupancy, ability to add square footage and/or add value to interiors of individual units and increase rents. Located at Richmond' s state of the art Main Street Station and Farmer's Market, zoned B5 on .41 acres and current cap rate of 6% with enormous upside in 6 Retail and 11 Residential units - located in OPPORTUNITY ZONE, eligible for HISTORIC TAX CREDITS and TAX ABATEMENT
    Exterior Features

    Doors 10 Ft. - 15 Ft. Doors Drainage Good Exterior Brick Fence Condition N/A Fence Type None Irrigation None Lot Dimensions 50X49 Num Levels 2.00 Road Type City Maintained Road Roof Composition Storage YN Yes Topography Level

    Interior Features

    Disability Equipped YN Yes Elevator YN No Heating Cooling 3 Or More ZonesCentral AirGas A/CHeat Pump Rentable Sq Ft 7260 Rooms Entered 8 Total Building Sq Ft 7260

    Property Features

    Assessed Improved 359000 Assessed Land 76000 Assessed Total 435000 Assessed Year 2017 Availability Type Sale Building Condition Good Enterprise Zone YN No Federal Tax Credit Eligibility YN Yes Owner Agent YN No Ownership InvestmentOwner-User Pct Occupied 95.0000 Possession At Closing Potential Use Retail 1st Level And Residential 2nd Level Sale Terms ConventionalRehab Loan Sewer Sanitary Sewer Tenancy Multiple Water Source None Year Blt Desc Actual Zoning B5

    Listing courtesy of Joyner Fine Properties. Listing information © 2019 CVRMLS and CBRAR.


    All or a portion of the multiple Listing information is provided by the Central Virginia Regional Multiple Listing Service, LLC, from a copyrighted compilation of Listings. All CVR MLS information provided is deemed reliable but is not guaranteed accurate. The compilation of Listings and each individual Listing are © 2019 Central Virginia Regional Multiple Listing Service, LLC. All rights reserved.The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated: 2019-08-17T10:57:08.367.
     
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