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29557474
29557495

2028 W Cary St, Richmond, VA 23220

TR
VA 0225030879
One South Commercial
AS
VA 0225211714
One South Commercial
IW
VA 0225250413
One South Commercial
Listed by One South Commercial
$2,599,000
122 days on market
Updated 57 days ago

Renovated Luxury Apartments

Details
APN W0000898032
Property Type Mixed Use, Multifamily (+1)
Sub Type Apartment Building, Restaurant
Units 7
Tenancy Multi
Year Renovated 1915
Buildings 2
Stories 3
Zoning R-63

6 Apartments + 1 Commercial Space

Marketing description

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.

Investment highlights

  • 1,470 SF commercial space

  • Outdoor patio seating

  • Off street parking available

  • Full service NNN restaurant lease with 3.5 years remaining

  • 7 units total

    • 1 commercial space

    • 6 residential units

    • 2 buildings

Listing Contacts

TR
VA 0225030879
One South Commercial
AS
VA 0225211714
One South Commercial
IW
VA 0225250413
One South Commercial
Listed by One South Commercial

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