Formerly home to Bob Cole Hair Design, this prominent building at the intersection of 5th and East Main Streets had a fire and was condemned several years ago. Since then, it sat vacant. While the building was not on the market, our team tracked down the sellers and arranged a sale.
Our client purchased the property to renovate using historic tax credits, and intend on building out retail/office downstairs and apartments upstairs.
This deal was featured in an article in Richmond Bizsense on 7/21/16 (click here to read the full article).
The property was sold for $287,500 in July 2016.
| Price: | $287,500 |
| Address: | 501-503 E Main Street |
| City: | Richmond |
| State: | VA |
| Zip Code: | 23219 |
| Floors: | 2 |
| Square Feet: | 8,338 |