37.532833 -77.427895

1731 E Main Street Richmond, VA 23223

234104520 37.532833 -77.427895 150 /listing/234104520-150120851/1731-e-main-street-richmond-va-23223 False 0 3800000.0 19000 101 1807362 False
  • $3,800,000
  • 19,000 sqft
  • 0.41 lot
  • Est payment $20399.22/mo

Property & Neighborhood Info

Courtesy Of Joyner Fine Properties

Commercial in Richmond

Shockoe Bottom Portfolio Sale in OPPORTUNITY ZONE, Eligible for HISTORIC TAX CREDITs and TAX ABATEMENT 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/98% 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 Grand Central Station as Amtrak's $3.8 Billion capital investment creates demand for apts. at transit stations and DBA $3,950,000 -4 buildings w/ 8 apts. and 4 retail spaces at 1725, 1727/29, 1731 E. Main St and 11 S. 18th St . $2,250,000 -1 building w/ 3 apts., 1 retail l spaces at 1726 E. Main St. $1,300,000 -11 S. 15th St 1-story retail bldg. $475,000 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 and rooftop patio(s) OPPORTUNITY ZONE, Eligible for HISTORIC TAX CREDITs and TAX ABATEMENT

Courtesy Of Joyner Fine Properties
  1. 19,000 Sq. Ft.
  2. 0.41 Lot

Main Features

  • Listing Status: Active
  • Year Built: 1845
  • County: Richmond City
  • MLS Number:1807362

Additional Features

  • Cooling:
    • Central Air
  • Fence:
    • None
  • Heating:
    • Heat Pump
  • Lease Option:
    • N
  • Possession:
    • Close Of Escrow
  • Road Frontage:
    • City Street
  • Roof:
    • Composition
    • Metal
    • Rubber
  • Sewer:
    • Sanitary
  • Terms:
    • Conventional
    • Rehab Financing
  • Water:
    • Public
  • Building Square Feet:
    • 19000
  • Gross Income:
    • 2510000
  • Legal Description:
    • 9023.04x0079.08 IRG0000.000
  • Listing Key:
    • 306815783
  • Parcel Number:
    • E000-0109-014
  • Topography:
    • Level
Neighborhood info courtesy of Homes.com © 2020

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Ronald May
Ronald May
Broker
No Address Provided 10179 Chamberlayne Rd Mechanicsville VA 23116
37.532833 -77.427895

1731 E Main Street Richmond, VA 23223

234104520 37.532833 -77.427895 150 /listing/234104520-150120851/1731-e-main-street-richmond-va-23223 False 0 3800000.0 19000 101 1807362 False
  • $3,800,000
  • 19,000 sqft
  • 0.41 lot
  • Est payment $20399.22/mo