30K+ SF Mixed-Use Property Sold for $5.3 Million

RICHMOND, VA (May 2022):  S.L. Nusbaum Realty Co. is pleased to announce DL 1510 Lofts, LLC and JR 1510 Lofts, LLC has purchased 1510 W. Broad Street in Richmond, VA from TRP Firestone, LLC for $5,300,000. Nathan Shor, Andrew Nusbaum and Carter Wells represented the buyer in this transaction.

The 30,158 square foot mixed-use property is located at the intersection of W. Broad Street and N. Lombardy Street within close proximity to the VCU campus and just a short distance from the Fan District and the Scott’s Addition quadrant of the city. The building was originally constructed in 1930 and once served as a Firestone Auto Care Center before being converted to a mixture of multifamily and retail space in 2010, with Dollar Tree as a prior tenant.

1510 Lofts Apartments are located on the top two floors of the building with Foot Locker currently occupying 4,640 square feet of the ground floor retail, with approximately 6,000 square feet now available for lease. S.L. Nusbaum Realty Co. will provide leasing services for the new owner.

”Our buying group consists of two displaced Richmonders who are excited to start our investment in our ‘home’ community with this solid asset on West Broad Street in the VCU area of Richmond.  Thanks to Nathan and the team at S.L. Nusbaum Realty Co. for guidance during our due diligence and closing process.” said Justin Rubinstein, Partner, DL 1510 Lofts, LLC and JR 1510 Lofts, LLC.

For more information, contact: Nathan Shor, 804.944.2399, nshor@slnusbaum.com, Andrew Nusbaum, 757.627.8611, asnusbaum@slnusbaum.com or Carter Wells, 804.944.9258, cwells@slnusbaum.com.

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