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2523 W Main ST Richmond, VA 23220
2,394 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Active
Purchase Type For Sale
Square Footage 2,394 sqft
Price per Sqft $323
MLS Listing ID 2624541
Style Two Story
Construction Status Approximate
HOA Y/N No
Year Built 1920
Annual Tax Amount $6,612
Tax Year 2025
Lot Size 3,005 Sqft
Acres 0.069
Property Sub-Type Duplex
Property Description
This listing presents a rare opportunity to purchase a building with a commercial storefront and a residential unit at 2523 W Main St. The
space is currently under a multi-year lease agreement to restaurant Cocky Rooster - expiring in March 10, 2030 (commercial tenant has one more five year option). The commercial tenant is responsible for their share of taxes, insurance, utilities and maintenance. A beautiful 2-bedroom apartment is located on the second floor. The building was constructed in 1920 and renovated extensively in 2020. Improvements include a new 5-ton HVAC unit, paint, refinished hardwood flooring, new kitchen, and new windows. This location is excellent for commercial and residential space. It is located in the heart of the Historic Fan District within walking distance to Carytown, Byrd Park, the commercial corridors of Robinson St, Main Street, and the Virginia Museum of Fine Arts. 2523 W Main St is situated in one of the most dynamic neighborhood commercial corridors in Richmond. This listing is surrounded by robust residential areas with favorable demographics to support the mixed-use building. It provides an excellent opportunity for a buyer looking for an investment opportunity in the Historic Fan District.
space is currently under a multi-year lease agreement to restaurant Cocky Rooster - expiring in March 10, 2030 (commercial tenant has one more five year option). The commercial tenant is responsible for their share of taxes, insurance, utilities and maintenance. A beautiful 2-bedroom apartment is located on the second floor. The building was constructed in 1920 and renovated extensively in 2020. Improvements include a new 5-ton HVAC unit, paint, refinished hardwood flooring, new kitchen, and new windows. This location is excellent for commercial and residential space. It is located in the heart of the Historic Fan District within walking distance to Carytown, Byrd Park, the commercial corridors of Robinson St, Main Street, and the Virginia Museum of Fine Arts. 2523 W Main St is situated in one of the most dynamic neighborhood commercial corridors in Richmond. This listing is surrounded by robust residential areas with favorable demographics to support the mixed-use building. It provides an excellent opportunity for a buyer looking for an investment opportunity in the Historic Fan District.
Location
State VA
County Richmond City
Area 10 - Richmond
Exterior
Roof Type Built-Up,Slate
Garage No
Building
Story 2
Sewer Public Sewer
Water Public
Architectural Style Two Story
Level or Stories Two
Structure Type Brick
Construction Status Approximate
Schools
Elementary Schools Fox
Middle Schools Albert Hill
High Schools Thomas Jefferson
Others
Tax ID W000-1117-003
Ownership Individuals
Listed by One South Commercial LLC