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108 N 7th Street

Richmond, VA 23219
  • $639,900
  • STATUS: Active
  • ON SITE: 5 Days
  • MLS #: 2501663
New On Site 5 Days Ago
UPDATED: 30 min ago
$639,900
  • 0
    BEDS
  • 0.06
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1917
County:

School Ratings & Info

Description

An exceptional opportunity to own a fully renovated mixed-use property, strategically located, versatile investment opportunity with strong income potential. Perfect for an owner-user or investor. This 2,520 SF building, excluding the unfinished basement, features a first-floor retail/office space (1260 SF) and two residential apartment units on the second floor. The front apartment Unit #1 (550 SF) is currently vacant, while the back apartment Unit #2 (600 SF) is leased $1,200 per month, w/ the tenant vacating 4/30/25. The area is supported by a strong mix of commercial office buildings and residential apartments, consistent foot traffic & visibility. Blocks away from restaurants, bars, and cafs. 10-minute walk, to VCU Hospital, Brown's Island, Belle Isle's scenic riverfront walking paths, and the highly anticipated outdoor concert amphitheater currently under development. 5 minute drive to VCU Campus. Built in 1917, full renovation 2016, including structural upgrades from the joists up. Roof membrane replaced in 2017, seam sealing completed in 2022. 2020 property underwent building-wide waterproofing, including the 3 permanent dehumidifiers, and sump pump. Retail HVAC blower replaced in Feb 2024 for improved climate control. The property is equipped with 4 electrical metersone for each unit and a separate house meter servicing shared utilities such as hot water & dehumidifiers. Luxury plank vinyl flooring on the first level, floor outlets for added convenience, & fresh paint throughout. Recent exterior improvements include a new mortar brick back patio and wall, a fresh coat of exterior paint, a new awning at the front entrance, and a newly installed metal roof over the back patio. The main roof was also re-sealed, with 4 TPO vents added for improved ventilation. Property includes dedicated rear parking for two vehicles with direct access to the building's back entrance. All apartment appliances convey, including washer, dryer, dishwasher, refrigerator, as well as 3 affixed dehumidifiers & 2 portable units.

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Central Virginia Regional MLS logo All or a portion of the multiple Listing information is provided by the Central Virginia Regional Multiple Listing Service, LLC, from a copyrighted compilation of Listings. All CVR MLS information provided is deemed reliable but is not guaranteed accurate. The compilation of Listings and each individual Listing are © 2025 Central Virginia Regional Multiple Listing Service, LLC. All rights reserved.The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated: 2025-02-10T17:57:21.957.
www.kevincurriegroup.com/homes/160011345
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108 N 7th Street Richmond, VA 23219

  • Price: $639,900
  • Status: Active
  • On Site: 5 Days
  • Updated: 30 min ago
  • MLS #: 2501663
0
Beds
0
Baths
0
½ Baths
0.06
Acres
1917
Built
Neighborhood:
10 - Richmond
County:
Richmond City
Area:
10 - Richmond
Property Description
An exceptional opportunity to own a fully renovated mixed-use property, strategically located, versatile investment opportunity with strong income potential. Perfect for an owner-user or investor. This 2,520 SF building, excluding the unfinished basement, features a first-floor retail/office space (1260 SF) and two residential apartment units on the second floor. The front apartment Unit #1 (550 SF) is currently vacant, while the back apartment Unit #2 (600 SF) is leased $1,200 per month, w/ the tenant vacating 4/30/25. The area is supported by a strong mix of commercial office buildings and residential apartments, consistent foot traffic & visibility. Blocks away from restaurants, bars, and cafs. 10-minute walk, to VCU Hospital, Brown's Island, Belle Isle's scenic riverfront walking paths, and the highly anticipated outdoor concert amphitheater currently under development. 5 minute drive to VCU Campus. Built in 1917, full renovation 2016, including structural upgrades from the joists up. Roof membrane replaced in 2017, seam sealing completed in 2022. 2020 property underwent building-wide waterproofing, including the 3 permanent dehumidifiers, and sump pump. Retail HVAC blower replaced in Feb 2024 for improved climate control. The property is equipped with 4 electrical metersone for each unit and a separate house meter servicing shared utilities such as hot water & dehumidifiers. Luxury plank vinyl flooring on the first level, floor outlets for added convenience, & fresh paint throughout. Recent exterior improvements include a new mortar brick back patio and wall, a fresh coat of exterior paint, a new awning at the front entrance, and a newly installed metal roof over the back patio. The main roof was also re-sealed, with 4 TPO vents added for improved ventilation. Property includes dedicated rear parking for two vehicles with direct access to the building's back entrance. All apartment appliances convey, including washer, dryer, dishwasher, refrigerator, as well as 3 affixed dehumidifiers & 2 portable units.
Exterior Features

Construction Materials Brick Levels Two Lot Features Level Parking Total 2 Road Frontage Type City Street Roof Flat Topography Level

Interior Features

Basement YN No Building Area Total 2520 Cooling Central Air Cooling YN Yes Heating Electric Forced Air Individual Other Wall Furnace Heating YN Yes

Property Features

Accessibility Features Accessibility Features Covered Spaces 0 Lease Considered YN No Ownership Investment Owner- User Possible Use Retail Property Condition Good Condition Sewer Public Sewer Tax Lot 0 Water Source Public Year Built Details Actual Zoning Description B4

Central Virginia Regional MLS logo Listing provided by Liz Moore & Associates: (804) 594-5870. Listing information © 2025 CVRMLS and CBRAR.


Central Virginia Regional MLS logo All or a portion of the multiple Listing information is provided by the Central Virginia Regional Multiple Listing Service, LLC, from a copyrighted compilation of Listings. All CVR MLS information provided is deemed reliable but is not guaranteed accurate. The compilation of Listings and each individual Listing are © 2025 Central Virginia Regional Multiple Listing Service, LLC. All rights reserved.The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated: 2025-02-10T17:57:21.957.
 
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Kevin Currie Group | Hometown Realty
3027 W. Cary St.
Richmond VA, 23221