For Sale
Renovated Luxury Apartments
2028 West Cary Street Richmond Virginia 23220
Asking$2,599,000
For Sale
2028 West Cary Street Richmond Virginia 23220
2028 W Cary is an exceptionally rare opportunity to own a luxury renovated/new construction mixed use asset in Richmond’s most sought after “blue-chip” neighborhood, the Fan District. Designed by David Johannas of Johannas Design Group, this award winning project is a stunning and successful example of “historic meets modern” design and construction in an excellent central location with unparalleled access to some of the City’s most desirable amenities. The offering consists of two (2) structures, designed to complement one another. The existing historic structure is a fully renovated 3,100 SF 2- story retail building, tenanted by a local restaurant tenant on the ground floor. On the additional f loor above is one (1) apartment. The historic building is flanked by a dramatic 5,600 SF 3-story modern addition of five (5) unique apartments, completed in 2016 to maximize density across the entire 0.162 acre site.
Walkable to Richmond’s local shopping mecca, Carytown, and recently developed mixed use community, Cary Street Station, 2028 W Cary offers a high profile luxury investment with long term upside for both rent and value appreciation. Apartments include a range of 1-3 bedroom floor plans across both buildings, beautifully executed with high end condo-grade f inishes, multi-level layouts, strategic preservation of historic elements, commercial grade windows and doors, and private balcony/patio space: all of which could recommend the property for condo conversion in the future. A low maintenance luxury asset for an owner-occupant buyer or a boutique multifamily investor, 2028 W Cary offers a “turn-key” investment opportunity with a diversified revenue stream.
ABOUT THE FAN DISTRICT
The density and mixed-use nature of the Fan means cultural, entertainment, and dining options abound. This unique blend is one of the Fan’s most appealing attributes. Located along the Fan’s western border, the Boulevard corridor is home to some of the best of Richmond’s arts and culture. The famed Virginia Museum of Fine Arts (VMFA), the Virginia Museum of History and Culture, the Science Museum of Virginia, and the Children’s Museum are all conveniently located within walking distance of each other.
In addition to museums, the Boulevard and Broad corridor provides numerous entertainment options such as the Bow Tie Theater and The Diamond, home to the Flying Squirrels baseball club (AA Affiliate of the San Francisco Giants). Additionally, fine and performing art centers including the Altria Theatre, Dominion Energy Center/ Carpenter Center, the Institute of Contemporary Art (ICA), and The National are located immediately east of the Fan in the heart of VCU and in the Downtown district.
In keeping with the early 20th century urban design philosophy, almost every location within the Fan is within a short walk of several restaurants and/or markets. Main Street and Robinson Street serve as commercial corridors, offering many restaurants, breweries, coffee shops, and more. Lombardy, Meadow, and Strawberry Street all have plenty of dining establishments and markets.
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.
Ann Schweitzer Riley has become a distinguished figure in commercial real estate, focusing primarily on sales of urban commercial properties, including office spaces, retail locations, multi-family buildings, industrial facilities, and mixed-use developments. With a rich background that spans over a decade, Ann has developed a keen expertise in property sales, investment, and development.
A graduate of UVA, Ann’s journey in real estate began as a residential real estate appraiser in Charlottesville, VA. Her career path led her to roles as a legal assistant and later to Richmond in 2008, where she worked with an affordable housing nonprofit. There, she gained a passion for construction and real estate development. This foundation allowed her to excel as a real estate construction project manager and later as a corporate commercial sales agent.
Today, at One South Commercial, Ann is renowned for her sharp insights in market trends, her strategic approach to property disposition, and her ability to optimize asset value for her clients. Her comprehensive understanding of both residential and commercial real estate markets, combined with her specific expertise in commercial sales, makes her an invaluable partner to property owners and buyers alike.
Ann’s commitment to her clients and her profound market knowledge ensure tailored, effective strategies for those looking to invest in or divest commercial real estate assets.
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
