Henrico property fetches $1.9 million
A Henrico County retail property has sold in a seven-figure deal involving a piano store and a fur clothing shop.
Alan Properties LLC bought 10300 W. Broad St. for $1.9 million from Vintage Properties LLC. The 12,000-square-foot, freestanding building is home to Alan Furs and Richmond Piano.
Douglas Wurz, owner of Richmond Piano, says he was the seller in the deal. Wurz says Richmond Piano is downsizing to a 4,300-square foot space and had been in a 12,000-square-foot space. Wurz says he bought the building in 2006.
Wurz says that since 2008 mom-and-pop music stores have struggled and sales have declined. He says Richmond Piano has remained in business in part because of the services it offers with things like rentals and tuning.
A message left with Alan Furs was not immedietly returned on Wednesday. The fur shop will occupy 7,500 square feet at the property, according to a press release.
James Ashby IV and Reilly Marchant of Cushman & Wakefield | Thalhimer handled the sale negotiations on behalf of the seller.