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$ 6,850,000
Est. payment /mo
New
1311 W Broad ST Richmond, VA 23220
30,165 SqFt
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 30,165 sqft
Price per Sqft $227
MLS Listing ID 2529763
HOA Y/N No
Year Built 1920
Lot Size 0.330 Acres
Acres 0.33
Property Description
CORE-QUALITY ASSET WITH UPSIDE IN DOWNTOWN'S HOTTEST SUBMARKET! Iron House Apartments is a market rate multifamily asset with value-add upside in the ever-expanding Virginia Commonwealth University submarket. VCU enrollment continues to grow and demand for quality housing is as strong as it has ever been across all demographics. As Downtown Richmond evolves, the market will reward owners who prioritize entrepreneurial marketing tactics, provide integrated technologies, and offer retail amenities like fast casual dining. The current owners have spared no expense maintaining Iron House, so the new owner will be able to focus on income-generating strategies. The property is directly across the street from VCU's indoor arena, the Siegel Center, a block from the VCU bookstore, and an easy walk or bike ride to the primary academic campus, Monroe Park, and its dining, recreational, and social offerings. With a Walk Score of 96, Iron House is a ‘Walker's Paradise' community, where daily errands do not require a car. Kroger, the area's only major supermarket, is only a block west of the property.
Location
State VA
County Richmond City
Area 10 - Richmond
Interior
Cooling Central Air
Exterior
Roof Type Flat
Topography Level
Handicap Access Accessibility Features
Building
Lot Description Level
Building Description Brick, Elevator(s),Multi-Tenant
Story 2
Sewer Public Sewer
Water Public
Level or Stories Two
Structure Type Brick
Others
Tax ID W000-0615-024
Ownership Investment
Listed by One South Commercial LLC