3012 West Broad Street Richmond, Virginia 23230
Mixed Use Property in Scott's Addition

The owners currently have their business on the first floor and live in the renovated apartment on the third floor. They have invested significantly in the building repairs and improvements, HVAC, and apartment renovations. The second floor houses a few small, short-term commercial tenants with room to grow. The new zoning for this section of Broad Street (TOD-1) offers opportunities for higher density mixed-use properties like this one. There are 3 dedicated parking spaces in the back of the property.

The building is narrow enough that there are no load-bearing walls inside the building. First floor ceilings are about 14’ high behind the drop ceiling. Enterprise Zone Incentives and Historic Tax Credits are available on this property!

Property Details
Property Address3012 W. Broad St. Richmond VA 23230
Asking Price$900,000
Property TypeMixed Use
Lot Size0.07 AC
Building Size5630 SF

Parking Spaces3

Number of Stories3

LoopNet URLhttp://www.loopnet.com/Listing/3012-W-Broad-St-Richmond-VA/11125074/

Location Overview

The Broad Street corridor is developing rapidly. This location provides easy walkability to all of Scott's Addition's and the Museum District's restaurants, businesses, and housing. The new owner or tenants can take advantage of incredible visibility to Broad Street traffic and the new Pulse bus line. New Whole Foods grocery store in Sauer Center on West Broad Street - projected to be complete by Fall 2018 - is less than less than one mile from the property.

"Scott’s Addition is the City of Richmond’s fastest growing neighborhood, home of an eclectic mix of apartments, homes, restaurants, breweries, shops and more tucked away in the NW corner of W Broad St and North Boulevard. With over 1,000 new residential units and a growing number of amenities, the neighborhood is quickly becoming one of the most sought after areas in the region." -- via Scott's Addition Boulevard Association

Sale Highlights

  • New roof, gutters, insulation - May 2015
  • Replaced supply plumbing on 1st and 2nd floors - May 2015
  • Foundation repair - September 2015
  • HVAC replaced first floor - November 2015
  • HVAC replaced second floor, 2-zone - February 2016
  • Ductless mini-split HVAC added third floor - June 2016
  • New building electrical service panel - November 2016
  • 3rd floor apartment added (plumbing, gas, electrical, sheetrock/framing, mechanical, insulation, carpentry, appliances) - December 2015 - April 2017
  • 2nd floor electric work and ceiling/fire separation - April 2017
  • 4 exterior doors replaced - June 2016
  • LoopNet Listing - http://www.loopnet.com/Listing/3012-W-Broad-St-Richmond-VA/11125074/

Exterior, Entry & Third Floor
Second Floor Offices/Studios
First Floor Offices/Studios
Interested? Get in touch.
Mixed Use Building For Sale
3012 W. Broad St.
Richmond, VA 23230
View property on LoopNet

Nathan Hughes, Principal
215 East Grace Street, Suite 100
Richmond, Virginia 23219
Directions to 3012 W. Broad St.
From Downtown/VCU: Broad Street west, past Boulevard. The building is on your right next to Merchant's Tire & Auto.