307 E Broad Street, Richmond, VA 23219
Richmond City County
Key Facts
Description
Prime Redevelopment Opportunity in Downtown Richmond Located in the heart of Richmond’s vibrant Arts and Cultural District, 307 East Broad Street offers a rare opportunity to redevelop a historic three-story retail building in the City’s B-4 Central Business District. This 6,630-square-foot structure sits on a 0.083-acre parcel and is ready for transformation—ideal for a mix of retail, office, and residential uses. Originally built in 1940, the building is offering creative flexibility for developers or owner-users. Although currently in shell condition, the property is a blank canvas for high-impact adaptive reuse or modern mixed-use redevelopment. Zoned B-4, this property allows for unlimited building height, a minimum three-story requirement, and encourages dense, transit-oriented development. Ground-floor commercial use is required on major corridors like Broad Street, aligning perfectly with retail, dining, gallery, or boutique concepts—while upper floors can support residential or office uses. Located within both a Richmond Enterprise Zone and a CARE Program District, this property may qualify for city incentives. RVA Facade improvement program: https://www.rva.gov/planning-development-review/facade-improvement-program This is a strategic location within walking distance to VCU, the Convention Center, Jackson Ward, and Bus Rapid Transit (Pulse) stations—ideal for businesses and residents alike seeking access, culture, and visibility in one of Richmond’s most dynamic corridors.
Property Information
Property Type
Commercial Sale
Year Built
1940
Stories
3
Lot Size
0.08 acres
Ownership
Investment,Owner-User
Days on Market
425
MLS® Listing#
2512094
Property Features
Sewer
Water Source
Financial Details
Parcel Number
W000-0036-002
Affordability Calculator
$145,000
Estimated monthly payment
$3,859/mo
Principal $580,000 · Est. interest $809,152 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in Richmond, VA
- $408,917
- Median Listing Price
- 42
- Median Days on Market
- 1,628
- Median Sq Ft
- $247
- Median Price / Sq Ft
- 486
- Active Listings
- This home’s price is 77% above the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in Richmond, VA.
Location
Points of Interest in Richmond, VA
Showing the Richmond area map.
Nearby Schools
Yvonne B. Miller High School
Secondary · 0.3 mi away
Richmond Alternative
Secondary · 0.4 mi away
Blooming Child Petite Academy
School · 0.4 mi away
Virginia Treatment CTR.
School · 0.5 mi away
Educare School
School · 0.6 mi away
St Andrew's School
School · 0.7 mi away
Open High School
Secondary · 0.8 mi away
Mathscience Innovation Center
School · 0.8 mi away
Vcu School of Social Work
School · 0.9 mi away
Vcu School of Education
School · 0.9 mi away
Vcu School of the Arts
School · 0.9 mi away
George Washington Carver Elementary School
Elementary · 0.9 mi away
Tawheed Prep School
School · 0.9 mi away
Clark Springs Elementary School
Elementary · 1.0 mi away
Martin Luther King Junior Middle School
Secondary · 1.1 mi away
Central Montessori School
Elementary · 1.1 mi away
Governor's School Gsa Conference
School · 1.3 mi away
Maggie L. Walker Governor's School
Secondary · 1.3 mi away
Bellevue Elementary School
Elementary · 1.3 mi away
Binford Middle School
Secondary · 1.3 mi away
Commute Calculator
Nearby Homes
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Similar Home Values
Comparable nearby listings and their asking prices.
| Address | Price | Beds | Baths | Sq Ft |
|---|---|---|---|---|
| 6412 Monument Avenue, Richmond, VA | $514,950 | 4 | 1 | 1,751 |
| 3 Driver Lane, Richmond, VA | $514,990 | 4 | 3 | 2,294 |
| 3332 Sunstone Drive, Richmond, VA | $519,990 | 4 | 3 | 2,682 |
| 2 Glenwood Range Drive, Richmond, VA | $519,990 | 5 | 3 | 2,718 |
| 120 Manchester Mews, Richmond, VA | $522,500 | 3 | 4 | 1,662 |
| 808 N 22nd Street, Richmond, VA | $524,950 | 3 | 3 | 1,878 |
Moving Cost Estimate
EXIT Agents in Richmond
Listing Courtesy: Joyner Fine Properties - 8042709440
Presented by: Sean Yoon
Last Updated: 2025-05-01