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1501 W Cary Street, 
Richmond, VA 23220

$899,950


Bed


Bath


3,401

Sq Ft


Multi-Family

Active

Listed by

Jordan Scroggins

Exit First Realty

804-527-3948

Last updated:

August 5, 2025, 05:55 PM

MLS#

2521937

Source:

RV

About This Home

1501 W Cary Street

A truly unique mixed-use opportunity awaits just blocks from Virginia Commonwealth University (VCU) at 1501 W Cary St. This property boasts two newly renovated residential units, offering a prime location for students or professionals seeking a vibrant urban lifestyle. The ground floor presents two distinct commercial spaces. One is a well-appointed office ready for immediate use, with the flexibility for other ventures under the R-63 multifamily urban residential district zoning, which is designed to promote pedestrian-oriented, neighborhood-serving commercial uses on corner lots. The other commercial space is a blank canvas, a gutted cornerstone with a 10-foot commercial hood, providing an incredible opportunity for a local restaurateur or entrepreneur to create a new business from the ground up. The surrounding area, nestled in The Fan and a short distance from Carytown and Downtown Richmond, provides a fantastic blend of potential tenants, from university students to young professionals, and business owners. The blend of retail, dining, and cultural attractions creates a highly desirable and walkable neighborhood, ensuring a steady stream of foot traffic. This property offers the perfect blend of residential income and commercial potential in a highly sought-after location. Owner is licensed Real Estate Agent in VA. Agent has business interest in property.

Home Facts

Multi-Family

Built in 1900

Price Summary

899,950

$264 per Sq. Ft.

MLS #:

2521937

Last Updated:

August 5, 2025, 05:55 PM

Added:

8 day(s) ago


Rooms & Interior

Interior

Living Area:

3,401 Sq. Ft.


Structure

Structure

Architectural Style:

Two Story

Building Area:

3,401 Sq. Ft.

Year Built:

1900


Lot

Lot Size (Sq. Ft):

3,537


Finances & Disclosures

Finances

Price:

$899,950

Price per Sq. Ft:

$264 per Sq. Ft.

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