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BEDS0
BATHS
SQUARE FEET2,394
MLS#2624541
STATUSActive
PROPERTY TYPEMulti Unit - Multiple
Property Description
This listing presents a rare opportunity to purchase a building with a commercial storefront and a residential unit at 2523 W Main St. The space is currently under a multi-year lease agreement to restaurant Cocky Rooster - expiring in March 10, 2030 (commercial tenant has one more five year option). The commercial tenant is responsible for their share of taxes, insurance, utilities and maintenance. A beautiful 2-bedroom apartment is located on the second floor. The building was constructed in 1920 and renovated extensively in 2020. Improvements include a new 5-ton HVAC unit, paint, refinished hardwood flooring, new kitchen, and new windows. This location is excellent for commercial and residential space. It is located in the heart of the Historic Fan District within walking distance to Carytown, Byrd Park, the commercial corridors of Robinson St, Main Street, and the Virginia Museum of Fine Arts. 2523 W Main St is situated in one of the most dynamic neighborhood commercial corridors in Richmond. This listing is surrounded by robust residential areas with favorable demographics to support the mixed-use building. It provides an excellent opportunity for a buyer looking for an investment opportunity in the Historic Fan District.
Property Features
Property Type: Multi Unit - Multiple
Home Style: Two Story
Lot Size: 0.07 Acres
Roof Type: Built-Up, Slate
Stories: 2.0
Taxes: $6,612
Year Built: 1920
Feature Descriptions
Days on Site: 3
Exterior: Brick
Parcel#: W000-1117-003
Sewer: Public Sewer
Units: 2
Water: Public
Local Schools
High School: Thomas Jefferson
Middle School: Albert Hill
Elementary School: Fox
Listed By / Shown By
Listed By
Agency Name: One South Commercial LLC
Shown By
Agent Name: Treva Thomas
Agent Phone: (804) 334-4735
Agency Title: Joyner Fine Properties
Estimate Your Payment
Estimated Payment
$ 4,695.86 per month $3,918.82 Principal & Interest $551.00 Property Tax $226.04 Homeowner's InsuranceChange Payment Information
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2523 W Main Street | MLS# 2624541
This multi-family property located at 2523 W Main Street, Richmond, VA 23220 is currently listed for sale with an asking price of $775,000. Search Richmond real estate on www.trevathomasrealestate.com today.