Richmond, VA 23220 318 W Broad Street
$1,010,000
4 more
Presented By: Bill Phillips with Joyner Fine Properties.
- MLS# 2516165
- 06/09/2025
- SQFT • 6,816
SQFT • 6,816Home Details
This exceptional turnkey investment property is fully leased with one commercial ground floor tenant and two apartments above having gross income of $77,936 in 2024. Well located in the heart of the Arts District and fully renovated, this solid income producing investment has 3,408 sf of commercial space with lease term running through 4/30/25 along with 1,300 sf one bedroom and 575 sf studio apartments. Each with their own washer and dryer, the apartments are well appointed with granite countertops and hardwood floors. Capital expense upgrades include both a new HVAC unit and sewer line replacement in 2023.
Please allow 24 hour showing notice due to tenants in place.
Presented By: Bill Phillips with Joyner Fine Properties.
Interior Features for 318 W Broad Street
Bathrooms
Half Baths0
Total Baths
Other Interior Features
Air Conditioning Y/NNo
Basement (Y/N)No
Fireplace Y/NNo
Heating Y/NYes
Total Stories2
General for 318 W Broad Street
Additional Parcels Y/NNo
Attached Garage No
Building FeaturesMultiTenant, NoElevators
Carport Y/NNo
Construction MaterialsBrick
CountyRichmond City
Directions3 blocks east of Bevidere on the north side of W Broad St
Electric On Property Y/NNo
Full Baths
Garage Y/NNo
HOANo
HeatingZoned
Home Warranty Y/NNo
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
LevelsTwo
Lot Size UnitsAcres
MLS Area10 - Richmond
MobileHomeRemainsYNNo
New ConstructionNo
OwnershipInvestment, Owner-User
PossessionCloseOfEscrow
Possible UseRetail
Property Attached Y/NNo
Property ConditionVeryGoodCondition
Property TypeCommercialSale
Rent Control Y/NNo
RoofFlat, Rubber
Senior Community Y/NNo
SewerPublicSewer
Standard StatusActive
StatusActive
Stories2
Tax Assessed Value890000
TopographyLevel
Year Built1910
Year Built DetailsActual
Exterior for 318 W Broad Street
Building Area Total6816.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot Dimensions24.05 x 142.80
Lot FeaturesLevel
Lot Size Acres0.08
Lot Size Area0.08
Open Parking Y/NNo
Road Frontage TypeCityStreet
SpaNo
Water SourcePublic
Waterfront Y/NNo
Additional Details
Price History
Thomas Scott Winston, IV
Associate