221 E Clay ST, Richmond, VA 23219
221 E Clay ST, Richmond, VA 23219
221 E Clay ST, Richmond, VA 23219
221 E Clay ST, Richmond, VA 23219
221 E Clay ST, Richmond, VA 23219
221 E Clay ST, Richmond, VA 23219
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Jan Edwards

Jan Edwards

+1(804) 441-1823
$ 1,050,000
Est. payment | /mo

4,090 SqFt

Save
$ 1,050,000
Est. payment | /mo
Save

4,090 SqFt

Key Details

Property Type Commercial

Listing Status Active

Purchase Type For Sale

Square Footage 4,090 sqft

Price per Sqft $256

MLS Listing ID 2615362

Style Garden Home

HOA Y/N No

Year Built 1900

Lot Size 2,221 Sqft

Acres 0.051

Property Description

This renovated 4,090 SF mixed-use property offers a compelling blend of historic character, flexibility, and investment potential.—directly across from the Convention Center. Currently operated as a duplex, the building could be reconfigured to function as a triplex or quadplex, including the potential for two separate commercial suites on the ground floor and two residential units on the second floor. Benefiting from extensive street frontage along both E. Clay Street and N. 3rd Street, the property enjoys exceptional visibility and accessibility. A standout corner storefront anchors the building and presents an outstanding opportunity for retail, restaurant, office, gallery, or other creative commercial uses in one of Richmond's most active and rapidly evolving urban districts. The property's second-floor residential unit currently operates as a high-performing Airbnb, with all personal property in that unit conveying with the sale, providing immediate income potential for a new owner. Ideal for an owner-user seeking rental income to offset occupancy costs or an investor looking to maximize returns
through a more optimized unit mix, the property offers multiple avenues for value creation. Additional upside exists through the potential development of a small courtyard, creating a unique destination atmosphere or creative enclave that complements the building's historic charm and prominent location. Further enhancing the investment appeal, the property is situated within an Enterprise Zone, CARE District, and Opportunity Zone, providing access to a variety of potential economic development incentives and tax advantages. Well
maintained and thoughtfully renovated, 221 E Clay Street represents a rare opportunity to acquire a flexible mixed-use asset in one of Richmond's most sought-after neighborhoods.

Location

State VA

County Richmond City

Area 10 - Richmond

Interior

Cooling Central Air

Exterior

Roof Type Flat

Topography Level

Building

Lot Description Level

Building Description Brick, Multi-Tenant,No Elevators

Story 2

Sewer Public Sewer

Water Public

Architectural Style Garden Home

Level or Stories Two

Structure Type Brick

Others

Tax ID N000-0038-011

Ownership Investment,Owner-User

Central Virginia Regional MLS (CVR MLS)
Listed by One South Commercial LLC
Jan Edwards

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(804) 441-1823

jan@virginiacoastliving.com

5336 Garnett Pointe Ct, Virginia Beach, Virginia 23462, USA

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221 E Clay ST