2343 W Broad St

Cushman & Wakefield | Thalhimer is pleased to present for sale a multi-tenant retail opportunity with future development potential in the heart of downtown Richmond. The 8,110 SF asset is comprised of two single tenant, net leased buildings situated on ±0.4 acres with a 24-space, rare off-street parking lot at the corner of West Broad Street and North Davis Avenue. An additional ±0.3 acre parking lot behind the buildings provides for another 32 spaces. Richmond staple Sally Bell’s Kitchen and Hustler Hollywood are subject to NNN leases with annual escalations with a combined WALT of 5.2 years. The Properties are advantageously positioned between two of the cities most popular neighborhoods – Scott’s Addition and the Fan District, surrounded by over 8,400 apartment units and centrally positioned in the path of the city’s commercial growth. R-48 and B-5 Zoning allow for a multitude of future development opportunities while in-place rents provide stable and increasing cash flow in the near term. Excellent demographics, a rapidly growing immediate trade area and rare undeveloped lots make for a uniquely rare opportunity in one of the most highly sought after Richmond submarkets.