PhilRussell
MLS#2512094
STATUSActive
PROPERTY TYPECommercial - Business
Property Description
Prime Redevelopment Opportunity in Downtown Richmond Located in the heart of Richmond's vibrant Arts and Cultural District, 307 East Broad Street offers a rare opportunity to redevelop a historic three-story retail building in the City's B-4 Central Business District. This 6,630-square-foot structure sits on a 0.083-acre parcel and is ready for transformation-ideal for a mix of retail, office, and residential uses. Originally built in 1940, the building is offering creative flexibility for developers or owner-users. Although currently in shell condition, the property is a blank canvas for high-impact adaptive reuse or modern mixed-use redevelopment. Zoned B-4, this property allows for unlimited building height, a minimum three-story requirement, and encourages dense, transit-oriented development. Ground-floor commercial use is required on major corridors like Broad Street, aligning perfectly with retail, dining, gallery, or boutique concepts-while upper floors can support residential or office uses. Located within both a Richmond Enterprise Zone and a CARE Program District, this property may qualify for city incentives. RVA Facade improvement program: https://www.rva.gov/planning-development-review/facade-improvement-program This is a strategic location within walking distance to VCU, the Convention Center, Jackson Ward, and Bus Rapid Transit (Pulse) stations-ideal for businesses and residents alike seeking access, culture, and visibility in one of Richmond's most dynamic corridors.
Property Features
Property Type: Commercial - Business
Lot Size: 0.08 Acres
Stories: 3.0
Year Built: 1940
Feature Descriptions
Building Features: Single-Tenant
Days on Site: 305
Parcel#: W000-0036-002
Sewer: Public Sewer
Water: Public
Listed By / Shown By
Listed By
Agency Name: Joyner Fine Properties
Shown By
Agent Name: Phil Russell
Agent Phone: Cell: (804) 495-9914
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307 E Broad Street | MLS# 2512094
This commercial property located at 307 E Broad Street, Richmond, VA 23219 is currently listed for sale by Joyner Fine Properties, with an asking price of $725,000. Search Richmond real estate on www.philrussellrealtor.com today.