Business for Sale in Richmond, VA

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Business
  • Location: Richmond, VA 23220

Description

Mixed-Use asset with one suite and three apartments one levels two and three. Stabilized rent roll. Art Gallery tenant is entering over twenty four of tenancy. Room to push rents to market on apartment renewals and commercial lease has 5% increases year over year. Great location in VCU submarket. Excellent condition with recent renovation of apartment one. Investment Highlights: • Stabilized asset with good current tenants and building condition. • Great location in Richmond's Downtown Art's District; A downtown area with shops, bars, restaurants, hotels, art galleries, offices and walk-up apartments. Adjacent to new VCU/CoStar Arts Bldg. • Management has opportunity to push rents from current levels to market. • Proximate to VCU Medical Center and Central Business District.

Market Context

This mixed use in Richmond, VA is listed for sale. It is offered at an approximate 5.7% capitalization rate, a key benchmark for income-producing mixed use assets. It has been on the market for 68 days. Compare it against other mixed use listings for sale in Richmond, VA — <a href="/search/sale/mixed-use/virginia/richmond">view the full market</a>.

Contact

Explore this market

Similar Business for Sale in Richmond, VA