Mixed-Use Opportunity | Shockoe Bottom - 3 Bedroom Units
1705 East Main Street Richmond Virginia 23223
$1,400,000
One South Commercial is pleased to bring to market 1705 E Main Street a mixed-use opportunity in the heart of Richmond’s Shockoe Bottom neighborhood. The property consists of four 3 bedroom/ 2 bathroom apartments and a 2,500 SF office/ retail space on the ground floor. All four apartments boast hardwood floors, large bedrooms and private balconies. The commercial space provides ample opportunity for an owner occupant to placer their business in this highly visible central location while collecting income from the apartments above. 1705 E Main Street stands as a strong property for some looking to expand their Richmond real estate portfolio or enter the market with a splash!
ABOUT SHOCKE BOTTOM
Shockoe Bottom is one of Richmond’s oldest and most historic neighborhoods. Today, as a center for lively businesses and entertainment venues, Shockoe Bottom is home to some of Richmond’s most wellknown shops and restaurants. In addition, Shockoe Bottom is also a popular residential area for those who choose an urban lifestyle where they can combine the best aspects of city-living. Richmond’s iconic Main Street Station and the 17th St Farmers Market are famous landmarks in this neighborhood. The central business district, VCU Medical Center, and VA Bio+Tech Park are also within walking distance of this neighborhood. This proximity to some of the region’s largest employers and institutions makes Shockoe Bottom a popular residential area for students and young professionals. This demand can be seen in the number of new and renovated multifamily residential units that have been constructed in the past 20 years. Former tobacco warehouses have been converted to join new construction in providing some of the City’s most distinctive urban apartments. Historically the hub for Richmond’s shipping and commerce, the area played a major role in trade throughout the 18th and 19th centuries. Until the end of the American Civil War in 1865, this commerce included the human trade as Shockoe Bottom was the second largest slave trading center in the U.S. In 2007, a 15- foot, half-ton bronze sculpture named the Richmond Slavery Reconciliation Statue was unveiled as part of the Richmond Slave Trail to raise awareness and increase informational accuracy about Richmond’s role in the slave trade. This memorial sits not far from the former slave market in Shockoe Bottom.
Tom Rosman has been brokering investment real estate since the early 1990’s in the Richmond, VA, metro area. He has brought hundreds of transactions to a successful conclusion, including large apartment complexes, apartment buildings in historic neighborhoods, office buildings, retail properties, mixed use buildings, and numerous historic adaptive reuse properties.
Tom was one of the first brokers to recognize the transformative changes occurring in many of Richmond’s most architecturally significant but ignored neighborhoods. Having helped place many of the warehouses and other commercial structures in the hands of Richmond’s development community, Tom’s belief in what a property should be was never compromised by the condition it was in.
Isaac is a Virginia native who grew up in a small community in the Northern Shenandoah Valley. From this rural setting, he attended the University of Virginia and earned a degree from the Woodrow Wilson School of Politics. After graduation, he entered the uniquely demanding world of politics working as a consultant at both the state and national levels. He now brings the same approach that generated a number of successes on the campaign trail to multifamily and investment brokerage. With the same infectious energy, Isaac actively focuses his effort to help clients plant or expand their roots within the greater Richmond community and beyond.
DISCLAIMER: This offering memorandum is intended as a reference for prospective purchasers in the evaluation of the property and its suitability for investment. Neither One South Commercial nor Seller make any representations or warranties with respect to the accuracy or completeness of the materials contained in the offering memorandum. Prospective purchasers should evaluate the property independently and rely solely on such independent evaluation in determining whether to purchase the property. The offering memorandum, pricing, and terms therein are subject to change or withdrawal at the discretion of Seller and One South Commercial, as Seller’s exclusive representative. *Information provided deemed reliable but not guaranteed
