Listed by Sperity Real Estate Ventures
$1,800,000
2614 W Cary St
Details
Property Type Retail, Office
Sub Type Restaurant, Creative Office
Square Footage 7,808
Cap Rate 5.80%
Occupancy 100%
Tenancy Multi
Lease Type Modified
Class B
Buildings 1
Stories 2
Acreage 0.160
Zoning B-6
Investment Type Net Lease
Prime Investment | 5.8% Cap Rate | Established Tenants
Marketing description
Fully Renovated Mixed-Use Investment | Established Tenants | 5.8% Cap Rate
Investment highlights
- 5.8% Cap Rate with established tenant base generating $122,878+ projected 2026 income
- 100% occupied with complementary businesses: restaurant and specialty fitness facility
- Fully renovated building (2016-2018): electrical, plumbing, HVAC systems completely replaced
- Prime West Cary Street location with excellent visibility and high foot traffic
- Lease terms through 2029 with 1% annual escalations and renewal options
- Recent roof improvements (2024) - minimal capital expenditure requirements
- List Price: $1,800,000
- Building Size: 7,808 SF (approximate)
- Current Occupancy: 100%
- Projected 2026 Income: $122,878 with built-in annual growth
- Major building systems recently renovated - reduced maintenance risk
- Two-story structure with flexible commercial layouts
- Striking street-facing facade with excellent visibility
- Large storefront windows providing natural light
- Loading capabilities with exterior access
- Located in high-traffic commercial corridor
- Bustling West Cary Street with strong pedestrian and vehicle traffic
- Surrounded by prime residential neighborhoods supporting local businesses
- Proximity to downtown Richmond and VCUWalk Score: 96 (Walker's Paradise) | Bike Score: 82 (Very Bikeable)
- Established commercial district with diverse business mix
Listing Contacts
Listed by Sperity Real Estate Ventures
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