Log In/Sign Up
Your email has been sent.
402 1/2 N 2nd St 2,700 SF 100% Leased Retail Building Richmond, VA 23219 $1,262,090 CAD ($467.44 CAD/SF) 8.10% Cap Rate
Investment Highlights
- 8.1% Cap Rate
- Minutes from MCV and the Greater Richmond Convention Center
- 255-unit apartment development across the street
- Income-producing property featuring a leased apartment and occupied café. Great for an investment or owner/user potential!
- Convenient access to I-95, I-64 and regional transportation corridors
Executive Summary
2nd Gen Fully-Equipped Bakery/Coffee Shop with Sidewalk Seating, Studio & Apartment. Retail Space (Ground Floor): ±1,750 SF, Retail Basement: ±1,695 SF and Apartment: ±975 SF. Apartment highlights include 2 bed/1 bath configuration with washer/dryer included. There is a small room that could be used as an office or a very large walk-in closet.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
2,700 SF
Building Class
C
Year Built
1910
Price
$1,262,090 CAD
Price Per SF
$467.44 CAD
Cap Rate
8.10%
NOI
$102,229 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Building FAR
1.49
Lot Size
0.04 AC
Opportunity Zone
Yes
Zoning
B-4 - Central Business District
Frontage
19’ on 2nd St
Amenities
- Air Conditioning
Very walkable
80/100
Moderately drivable
60/100
Good public transit
70/100
Moderately bikeable
60/100
Nearby Major Retailers
Property Taxes
| Parcel Number | N000-0061-019 | Improvements Assessment | $380,327 CAD |
| Land Assessment | $147,590 CAD | Total Assessment | $527,916 CAD |
Property Taxes
Parcel Number
N000-0061-019
Land Assessment
$147,590 CAD
Improvements Assessment
$380,327 CAD
Total Assessment
$527,916 CAD
1 of 16
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
Presented by
402 1/2 N 2nd St
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.