1725, 1726, 1727, 1729, 1731 E Main St, 11 S 15th St and 4-8 S 18th St, Richmond, VA 23223

Shockoe Bottom Portfolio Sale in OPPORTUNITY ZONE -one of Richmond's fastest growing neighborhoods at the downtown central business district. 1725, 1726, 1727, 1729, 1731 E. Main St, 11 S. 15th St and 2 S. 18th St consists of 21,335 finished sf 6 brick buildings with 6 Retail spaces and 11 Apartments (9 1-bedroom and 2 2-bedroom units) w/100% occupancy. There is ability to add square footage and value to interiors of individual units (renovated units, new roofs, new HVAC units).Main Street Station transit-oriented development at Richmond's Penn Station as Amtrak's $3.8 Billion capital investment creates demand for apts. at transit stations and Richmond's Downtown Business Area, across from Main Street Station and Farmer's Market, zoned B5 on .41 acres and current cap rate of 5.8% with enormous upside including value-add in 6 Retail and 11 Residential units and opportunities for additional square footage in rear lot and rooftop patio(s) Conditions of some units allow for opportunities to add value, while others were recently renovated to upscale, depending on tenant lease term. Three retail units are restaurants with fully-equipped kitchens, dining rooms, bars.s. 10 Off-street parking spaces are located behind 4 properties on E. Main St. and 18th St, where surface area exits for redevelopment of 4S 18th St property. Opportunity Zone Incentives Apply.  « show less

Shockoe Bottom Portfolio Sale in OPPORTUNITY ZONE -one of Richmond's fastest growing neighborhoods at the downtown central business district....  show more »