115 N Jefferson Street

    Richmond, VA 23220
    • $5,000,000
    • STATUS: Active
    • ON SITE: 160 days
    • MLS #: 1800884
    UPDATED: 63 min ago
    $5,000,000
    • 0
      BEDS
    • 0.31
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Commercial
    Built:
    1925
    County:

    School Ratings & Info

    Description

    This rare offering centrally located in Richmond+GGs flourishing Arts District offers an incredible redevelopment opportunity for a landmark multifamily, creative office/retail, or a mixed use project. With exceptional proximity to neighborhood amenities and a truly walkable neighborhood location in the City+GGs hotel district, this 0.31 acre corner parcel occupies prominent W Grace Street frontage just a few blocks away from the VCU campus, VCU+GGs much anticipated ICA (Institute for Contemporary Art), and one block from public transit access via +G+The Pulse+G- (BRT) on Broad St, Quirk Hotel, Jefferson Hotel, and a growing collection of highly reputed restaurants, breweries, and upscale retail boutiques along the Broad and Grace corridors. Featuring an existing 3-story 38,000 SF building with a beautiful original Mission style fa+-ade and an 11,000 SF footprint, the property+GGs flexible B-4 zoning allows for a variety of new development scenarios which include the ability to capitalize on the basis of the site with a 12- story apartment project+GGor to highlight the building+GGs historicity through a unique mixed use project leveraging federal and state historic tax credits.

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    The data relating to real estate for sale or previously for sale on this web site comes in part from the Internet Data Exchange of Central Virginia Regional Multiple Listing Service (CVR MLS), Chesapeake Bay & Rivers Multiple Listing Service (CBRAR) and Williamsburg Multiple Listing Service (WMLS).The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. © 2018 CVRMLS, WAAR, CBRAR. Data last updated: 2018-06-20T15:58:00.377.
    www.thervalife.com/homes/79857127

    115 N Jefferson Street Richmond, VA 23220

    • Price: $5,000,000
    • Status: Active
    • Updated: 63 min ago
    • MLS #: 1800884
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.31
    Acres
    1925
    Built
    Neighborhood:
    10 - Richmond
    County:
    Richmond
    Area:
    10 - Richmond
    Property Description
    This rare offering centrally located in Richmond+GGs flourishing Arts District offers an incredible redevelopment opportunity for a landmark multifamily, creative office/retail, or a mixed use project. With exceptional proximity to neighborhood amenities and a truly walkable neighborhood location in the City+GGs hotel district, this 0.31 acre corner parcel occupies prominent W Grace Street frontage just a few blocks away from the VCU campus, VCU+GGs much anticipated ICA (Institute for Contemporary Art), and one block from public transit access via +G+The Pulse+G- (BRT) on Broad St, Quirk Hotel, Jefferson Hotel, and a growing collection of highly reputed restaurants, breweries, and upscale retail boutiques along the Broad and Grace corridors. Featuring an existing 3-story 38,000 SF building with a beautiful original Mission style fa+-ade and an 11,000 SF footprint, the property+GGs flexible B-4 zoning allows for a variety of new development scenarios which include the ability to capitalize on the basis of the site with a 12- story apartment project+GGor to highlight the building+GGs historicity through a unique mixed use project leveraging federal and state historic tax credits.
    Exterior Features

    Doors Other Drainage Good Exterior Brick Irrigation None Road Type City Maintained Road Roof Flat Topography Level

    Interior Features

    Disability Equipped YN Yes Elevator YN Yes Heating Cooling Central Air Office Type Office Building Rooms Entered 50 Total Building Sq Ft 33039

    Property Features

    Assessed Total 0 Availability Type Sale Building Condition Average Commercial Space Count 0 Federal Tax Credit Eligibility YN Yes Loan Payoff YN No Multi Family Type Mid/High-Rise Owner Agent YN No Ownership Investment Pct Occupied 100.0000 Possession At Closing Potential Use Development Opportunity: Multi-FamilyOfficeRetail Space Retail Type Retail-Commercial Sewer Sanitary Sewer Tenancy Multiple Total Num Commercial Units 35 Water Source Public Water

    Listing courtesy of One South Realty Group, Llc. Listing information © 2018 CVRMLS, WAAR, CBRAR.


    The data relating to real estate for sale or previously for sale on this web site comes in part from the Internet Data Exchange of Central Virginia Regional Multiple Listing Service (CVR MLS), Chesapeake Bay & Rivers Multiple Listing Service (CBRAR) and Williamsburg Multiple Listing Service (WMLS).The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. © 2018 CVRMLS, WAAR, CBRAR. Data last updated: 2018-06-20T15:58:00.377.
     
    Small & Associates, Inc. Real Estate
    5413 Patterson Ave., Suite 200
    Richmond VA, 23226