For Sale
Fan District Mixed-Use Building
2523 West Main Street Richmond Virginia 23220
Asking$775,000
For Sale
2523 West Main Street Richmond Virginia 23220
One South Commercial is pleased to present the exclusive listing for 2523 W Main St in the Historic Fan District.
This listing presents a rare opportunity to purchase a building with a commercial storefront and a residential unit at 2523 W Main St. The space is currently under a multi-year lease agreement to restaurant Cocky Rooster. A beautiful 2-bedroom apartment is located on the second floor. The building was constructed in 1920 and renovated extensively in 2020. Improvements include a new 5-ton HVAC unit, paint, refinished hardwood flooring, new kitchen, and new windows.
This location is excellent for commercial and residential space. It is located in the heart of the Historic Fan District within walking distance to Carytown, Byrd Park, the commercial corridors of Robinson St, Main Street, and the Virginia Museum of Fine Arts. 2523 W Main St is situated in one of the most dynamic neighborhood commercial corridors in Richmond. This listing is surrounded by robust residential areas with favorable demographics to support the mixed-use building. It provides an excellent opportunity for a buyer looking for an investment opportunity in the Historic Fan District.
ABOUT THE FAN DISTRICT
The Fan District is located on the western edge of downtown and VCU’s Monroe Park campus. The Fan is one of Richmond’s most striking and engaging urban neighborhoods.
The Fan was largely developed in the early 1900’s and remains one of the city’s most walkable and pedestrian friendly places to live. The density and mixed-use nature of the Fan means cultural, entertainment, and dining options are located within the residential district and this unique blend is one of the Fan’s most appealing attributes.
In keeping with the early 20th century urban design philosophy, almost every location within the Fan is a short and reasonable walk of several restaurants and markets. Main Street and Robinson Streets serve as commercial corridors housing many restaurants, breweries, coffee shops, and more. Lombardy, Meadow, and Strawberry Streets all have a high instances of dining establishments and markets.
The Fan’s strategic location means that the best of the city is never far away. The Boulevard corridor is home to 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. In addition to museums, the Boulevard and Broad St corridor provides numerous entertainment options
such as Bow Tie Theater, the historic Byrd Theatre, and CarMax Park, home to the Flying Squirrels baseball club (AA Affiliate of the San Francisco Giants).
Justin is a seasoned commercial real estate expert with over 15 years worth of experience. Having a widespread knowledge of the Richmond real estate market, Justin is comfortable handling many types of transactions, but his primary practice areas are multifamily and investment sales. Justin possesses a commanding knowledge of Richmond’s rental market, providing his clients with in-depth analysis of the competitive landscape and value-added solutions. Justin is a Richmond native and a graduate of Virginia Commonwealth University.
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
