219 Broad StRichmond, VA 23219

Property Details for 219 Broad St

Year built

1929

Construction

STONE

Lot size

0.93 AC

Property size (Sq ft)

223,945 SF

Zone code

B-4 CENTRAL BUSINESS

Property type

Residential income properties

Property subtype

High-rise multifamily apartments

APN

W-000-0049-008

APU

W0000049008

Description

This exceptional retail or restaurant opportunity is located in the historic Deco at CNB Building, a stunning example of Art Deco architecture in downtown Richmond, Virginia. Designed by John Eberson in the 1920s, this landmark building boasts unique architectural details including a soaring three-story hall with expansive windows, a richly ornamented coffered ceiling, and patterned terrazzo floors. The property offers multiple suites within a 236,938 square foot building, with two total suites available. Currently, 12,925 square feet of space is vacant, divisible into units ranging from a minimum of 6,025 square feet to a maximum contiguous space of 6,900 square feet. Situated at 219 E Broad St, Richmond, VA 23219, this location provides unparalleled visibility and accessibility. The building is in the heart of Richmond's central business district, offering convenient access to major transportation arteries including Downtown Expressway, I-95, and I-64. This is a rare chance to secure a unique and highly desirable commercial space in a landmark building, minutes from Richmond's vibrant neighborhoods. The building is a three-story structure located in Richmond County.

• CAP approach

  CAP return

  Valuation

  6%

  $61,290,004

  6.5%

  $56,575,388

  7%

  $52,534,292

• Comparable approach

  Method

  Valuation

  Relative Method

  $57,971,636

  Geo Method

  $57,971,636

• Alternative Use

  Use

  Valuation

  Residential

  $56,575,388

  Hospitality

  $51,822,752

  Educational

  $43,115,920

  Medical

  $44,598,744

  Retail

  $67,069,212

Location Insight

City

Richmond

County

Richmond City

State

Virginia

Latitude

37.5437

Longitude

-77.44

CBSA code

40060

CBSA name

RICHMOND, VA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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