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$ 925,000
Est. payment | /mo
3,968 SqFt
$ 925,000
Est. payment | /mo
3,968 SqFt
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 3,968 sqft
Price per Sqft $233
MLS Listing ID 2626778
Style Garden Home
HOA Y/N No
Year Built 1916
Lot Size 6,969 Sqft
Acres 0.16
Property Description
Prime mixed-use investment opportunity located in the heart of Richmond, Virginia. Totaling 3,968 square feet, the property features a fully operational laundromat on the ground floor, providing stable commercial income. Upstairs, two beautifully finished Class A apartments offer modern, high-end living. One unit is a spacious two-bedroom, two-bath layout, while the other is a generous one-bedroom, one-bath unit. Projected NOI for 2026 is $70,000. In addition to the existing improvements, the property includes a buildable lot, presenting a unique development opportunity for additional residential units or a mixed-use concept. Ideally situated in Richmond's Northside, the property is surrounded by a wave of revitalization—including new multifamily developments, restaurants, and small businesses—all contributing to the area's continued growth and appeal. With close proximity to downtown Richmond, Virginia Union University, and easy access to I-64 and I-95, this offering is a rare chance to invest in one of the city's fastest-improving corridors.
Location
State VA
County Richmond City
Area 30 - Richmond
Interior
Cooling Central Air
Exterior
Roof Type Flat
Topography Level
Building
Lot Description Level
Building Description Brick, No Elevators
Story 2
Sewer Public Sewer
Water Public
Architectural Style Garden Home
Level or Stories Two
Structure Type Brick
Others
Tax ID N000-0406-018
Ownership Investment,Owner-User
Listed by One South Commercial LLC
Nearby Locations
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Michael Grider
Agent License ID: 0225209440