VA
Richmond City
Richmond
23220
2614 W Cary Street
2614 W Cary Street, Richmond, VA 23220
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Listing Type
Commercial/Industrial
Listing Status
active
50
$1,800,000

Home Details for 2614 W Cary Street

Price
$1,800,000
Type
Commercial Sale
Bedrooms
0
Bathrooms
Square feet
NaN
Year built
1900
Lot size acres
0.1643
County
Richmond City
Total rooms
8
Garage
Days on site
2
MLS Listing#
2526765
Property Description

**PRIME INVESTMENT OPPORTUNITY - 5.8% CAP RATE** Fully renovated mixed-use building on high-traffic West Cary Street. Turn-key investment with established cash flow and built-in growth. **FINANCIAL HIGHLIGHTS:** - $1,800,000 asking price - 5.8% cap rate - 7,808 SF approx. - 100% occupied - $122,878 projected 2026 income - 1% annual escalations through 2029 **TENANTS:** TBT El Gallo (Mexican restaurant) and Tequila & Deadlifts (boutique fitness) provide complementary businesses with dedicated customer bases. Both have leases through 2029 with renewal options. **PROPERTY FEATURES:** Complete renovation 2016-2018 included electrical, plumbing, HVAC replacement. Recent roof improvements 2024. Two-story structure with flexible layouts, excellent street visibility, large windows, outdoor patios, loading access. **LOCATION:** West Cary Street offers strong pedestrian/vehicle traffic. Prime residential neighborhoods nearby support local businesses. Walk Score 96. Proximity to downtown Richmond. **INVESTMENT BENEFITS:** Passive income opportunity with minimal future CapEx due to recent renovations. Established tenant relationships provide predictable cash flow. Mixed lease structure reduces risk. Richmond's growing economy and millennial population support continued demand for restaurant/fitness concepts. Property positioned for stable returns with appreciation potential in dynamic commercial corridor.

Property Features
  • Cooling Information
    • Central Air
  • Water Features
    • Public
Listing Courtesy: Sperity Real Estate Ventures - 804-349-1000
Presented by: Nathan Hughes
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 Copyright © 2025 Central Virginia Regional Multiple Listing Service, LLC. All Rights Reserved.
Last Updated: 2025-10-30 08:00:28
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EXIT REALTY SUCCESS
605 Research Rd. Suite E., North Chesterfield, VA 23236
Jane Renger
Franchisee
Office
804 924 2171
Agent
804 397 9796
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