Mark Joyner
Team Leader GoRVAhomes/GoNNKhomes
REALTOR®, President Napier ERA
Property Description
Prime mixed-use investment opportunity located in the heart of Richmond, Virginia. Totaling 3,968 square feet, the property features a fully operational laundromat on the ground floor, providing stable commercial income. Upstairs, two beautifully finished Class A apartments offer modern, high-end living. One unit is a spacious two-bedroom, two-bath layout, while the other is a generous one-bedroom, one-bath unit. Projected NOI for 2026 is $70,000. In addition to the existing improvements, the property includes a buildable lot, presenting a unique development opportunity for additional residential units or a mixed-use concept. The property is in a Virginia Enterprise Zone, HUBZone and Richmond CARE Zone Ideally situated in Richmond's Northside, the property is surrounded by a wave of revitalization, including new multifamily developments, restaurants, and small businesses, all contributing to the area's continued growth and appeal. With close proximity to downtown Richmond, Virginia Union University, and easy access to I-64 and I-95, this offering is a rare chance to invest in one of the city's fastest-improving corridors.
Property Features
Property Type: Commercial - Business
Cooling: Central Air
Home Style: Garden Home
Lot Size: 0.16 Acres
Roof Type: Flat
Stories: 2.0
Year Built: 1916
Feature Descriptions
Building Features: No Elevators
Days on Site: 17
Exterior: Brick
Lot: Level
Parcel#: N000-0406-018
Sewer: Public Sewer
Topography: Level
Water: Public
Listed By / Shown By
Listed By
Agency Name: One South Commercial LLC
Shown By
Agent Name: Mark Joyner
Agent Phone: (804) 337-7800
Agency Title: Napier Realtors ERA
Mark Joyner
Office: (804) 794-4531
Cell: (804) 337-7800
Email Me
West End Office
Main Phone: (804) 747-7653
100 Eastshore Drive
Suite 105
Glen Allen, VA 23059
100 Eastshore Drive
Suite 105
Glen Allen, VA 23059
Listed By: One South Commercial LLC
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