Historic Shockoe Bottom apartment building sells for $4.5 million
- July 10, 2014
B.R.J. Enterprises LLC has purchased the Railroad Y Loft Apartments at 1548 E. Main St. in Richmond $4.57 million.
Built in 1907 near Richmond’s Main Street Station, the property once was used for railroad workers. According to CBRE, which brokered the transaction, it was redeveloped in 2013 and now consists of 30 apartments and two other rental units.
The property is located east of downtown Richmond, near the James River in the city’s Shockoe Bottom district. Building amenities include granite countertops, cable and internet, washer and dryers in the units, off street parking and a local pub and restaurant on the property.
CBRE|Richmond’s Craige Pelouze represented the buyer in the transaction.