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29464558
29464559

309-317 E. Broad Street, Richmond, VA 23219

DA
VA VA 0225094359, FL FL BK3274104
S.L. Nusbaum Realty Co
NS
VA 0225205935
@S.L. Nusbaum Realty Co Richmond
CW
0225251866
S.L. Nusbaum
Listed by S.L. Nusbaum Realty Co, @S.L. Nusbaum Realty Co Richmond, S.L. Nusbaum
$7,900,000
127 days on market
Updated 3 days ago

The Gather Arts District Building

Details
Property Type Mixed Use
Sub Type Downtown Arts District, creative (+1)
Square Footage 47,461
Cap Rate 10.29%
NOI $813,071
Occupancy 100%
Price per SqFt $166
Class B
Year Built 1930
Year Renovated 2019
Buildings 1
Stories 3
Acreage 0.320
Zoning B-4 (CBD)
Investment Type Stabilized
Ownership Fee Simple

Mixed Use | 10.29% CAP | Downtown

Marketing description

The Gather Arts District Building is a 47,461 SF mixed-use building located at 309-317 E. Broad St. in Downtown Richmond, VA. The majority of the building was magnificently renovated in 2019 for Gather, a provider of flexible co-working creative office space with premium amenities. Gather occupies roughly two-thirds of the property while Metro by T-Mobile, Ember Music Hall and SinnerG Tattoo occupy the ground floor retail.

The offering presents an opportunity to own and maintain an income-producing asset or reposition for a future redevelopment opportunity.

Investment highlights

  • 100% occupied mixed-use property.

  • Beautifully renovated in 2019.

  • Located between Virginia Commonwealth

    University and Medical College of Virginia.

  • Walking distance to the Virginia State Capitol.

  • Keep as income-producing or reposition.

Listing Contacts

DA
VA VA 0225094359, FL FL BK3274104
S.L. Nusbaum Realty Co
NS
VA 0225205935
@S.L. Nusbaum Realty Co Richmond
CW
0225251866
S.L. Nusbaum
Listed by S.L. Nusbaum Realty Co, @S.L. Nusbaum Realty Co Richmond, S.L. Nusbaum

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$813,071.00
$67,755.92/mo

Valuation Metrics

0
DSCR
10.29%
Cap Rate
10.29%
ROI

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Additional Information

Name
Doug Aronson
License
VA 0225094359
Brokerage Phone
7572826510
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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