Property 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 Features