PhilRussell
MLS#2529763
STATUSPending
PROPERTY TYPECommercial - Business
Property Description
CORE-QUALITY ASSET WITH UPSIDE IN DOWNTOWN'S HOTTEST SUBMARKET! Iron House Apartments is a market rate multifamily asset with value-add upside in the ever-expanding Virginia Commonwealth University submarket. VCU enrollment continues to grow and demand for quality housing is as strong as it has ever been across all demographics. As Downtown Richmond evolves, the market will reward owners who prioritize entrepreneurial marketing tactics, provide integrated technologies, and offer retail amenities like fast casual dining. The current owners have spared no expense maintaining Iron House, so the new owner will be able to focus on income-generating strategies. The property is directly across the street from VCU's indoor arena, the Siegel Center, a block from the VCU bookstore, and an easy walk or bike ride to the primary academic campus, Monroe Park, and its dining, recreational, and social offerings. With a Walk Score of 96, Iron House is a ?Walker's Paradise' community, where daily errands do not require a car. Kroger, the area's only major supermarket, is only a block west of the property.
Property Features
Property Type: Commercial - Business
Cooling: Central Air
Lot Size: 0.33 Acres
Roof Type: Flat
Stories: 2.0
Year Built: 1920
Feature Descriptions
Accessibility: Accessibility Features
Building Features: Elevator(s), Multi-Tenant
Days on Site: 130
Exterior: Brick
Lot: Level
Parcel#: W000-0615-024
Sewer: Public Sewer
Topography: Level
Water: Public
Listed By / Shown By
Listed By
Agency Name: One South Commercial LLC
Shown By
Agent Name: Phil Russell
Agent Phone: Cell: (804) 495-9914
Agency Title: Joyner Fine Properties
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1311 W Broad Street | MLS# 2529763
This commercial property located at 1311 W Broad Street, Richmond, VA 23220 is currently listed for sale with an asking price of $6,850,000. Search Richmond real estate on www.philrussellrealtor.com today.