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$1,800,000
40 Days On Site

2614 W Cary Street
Richmond, VA 23220

For Sale|Commercial Sale|Active
0
Beds
0
Total Baths
7,808
SqFt
$231
/SqFt
1900
Built
County:
Richmond City
Listing courtesy of Sperity Real Estate Ventures 8043491000
Call Now: 804-302-3000
Is this the listing for you? We can help make it yours.
804-302-3000
2614 W Cary Street2614 W Cary Street2614 W Cary Street2614 W Cary Street
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**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.

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Listing Snapshot
Price 
$1,800,000
Days On Site 
40 Days
Bedrooms 
N/A
Inside Area (SqFt) 
7,808 sqft
Total Baths 
N/A
Full Baths 
N/A
Partial Baths 
N/A
Lot Size 
0.1643 Acres
Year Built 
1900
MLS® Number 
2526765
Status 
Active
Property Tax 
N/A
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
N/A
Friends & Family
Recent Activity
3 days agoListing updated with changes from the MLS®
a month agoListing first seen on site
General Features
Acres 
0.1643
Additional Property Use 
Mixed UseRetail
Building Features 
MultiTenantNoElevators
Levels 
Two
Number Of Stories 
2
Sewer 
Public Sewer
SqFt Total 
7808
Water Source 
Public
Interior Features
Cooling 
Central Air
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Exterior Features
Construction Details 
Block
Lot Features 
Level
Road Frontage 
City Street
Roof 
Flat
Community Features
MLS Area 
10 - Richmond
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 IDX information is provided exclusively 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. 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.



Last checked 2025-11-02 04:07 AM UTC.

Neighborhood & Commute
Source: Walkscore
Disclosure: Community information and market data powered by Constellation Data Labs. Information is deemed reliable but not guaranteed.
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