Shockoe Bottom Portfolio Sale in OPPORTUNITY ZONE, Eligible for HISTORIC TAX CREDITs and TAX ABATEMENT in one of Richmond's fastest growing neighborhoods at the downtown central business district. 1725, 1726, 1727, 1729, 1731 E. Main St, 11 S. 15th St and 2 S. 18th St consists of 21,335 finished sf 6 brick buildings with 6 Retail spaces and 11 Apartments (9 1-bedroom and 2 2-bedroom units) w/98% occupancy. There is ability to add square footage and value to interiors of individual units (renovated units, new roofs, new HVAC units).Main Street Station transit-oriented development at Richmond's Grand Central Station as Amtrak's $3.8 Billion capital investment creates demand for apts. at transit stations and DBA4 buildings w/ 8 apts. and 4 retail spaces at 1725, 1727/29, 1731 E. Main St and 11 S. 18th St . $2,250,000 -1 building w/ 3 apts., 1 retail l spaces at 1726 E. Main St. $1,300,000 -11 S. 15th St 1-story retail bldg. $475,000 Across from Main Street Station and Farmer's Market, zoned B5 on .41 acres and current cap rate of 5.8% with enormous upside including value-add in 6 Retail and 11 Residential units and opportunities for additional square footage in rear and rooftop patio(s) OPPORTUNITY ZONE, Eligible for HISTORIC TAX CREDITs and TAX ABATEMENTConditions of units range from sophisticated units renting close to the current market rate prices to dated, 1 in need of build-out. Four retail units include fully-equipped kitchens, dining rooms, bars, outdoor patio and basements. All buildings have unfinished space in the basements and opportunities to increase square footage with multi-story addition(s) and/or adding stories to the 2 stand-alone buildings. Rooftop patios are also a possibility with City approval. Apr. 10 Off-street parking spaces are located behind 4 properties on E. Main St. and 18th St. Opportunity Zone Incentives Apply.
