PETERSBURG MULTIFAMILY PORTFOLIO[1]

FOR SALE | RENOVATED DOWNTOWN COMMERCIAL CONDO

310 N ADAMS STRICHMOND, VA 23220

$445,000Ground + Lower Level Commercial Condo Unit3,297 Unit SFB-4 Central Business Zoning

ONE SOUTH COMMERCIAL

310 N ADAMS STREET | RICHMOND VA

*Information provided deemed reliable but not guaranteed

ADDRESS | 310 N Adams St

PID | E0000133011

ZONING | B-4 Central Business

UNIT AREA | 3,297 SF

LEVELS | 2

CONSTRUCTED | 1925

B-4CENTRAL BUSINESS

ZONING

3,297 SFUNIT AREA

GROUND+ LOWER LEVEL

SPACE

HISTORIC1925 CONSTRUCTION

Renovated Downtown Richmond Commercial Condo310 N Adams St offers a perfect low maintenance owner occupant opportunity for a business to locate in the Brook/Adams triangle. This beautiful, fully renovated, modern street level commercial condo, anchoring Emrick Flats Condos, boasts high ceilings, historic tiled floors, and large street expansive glass line which wraps three sides of the space, ideal for both creative office or retail users. Another unique feature of this space is the beautiful steel spiral staircase that leads to a fully finished lower level with exposed brick work, polished concrete, and custom lighting. The floor plan is dynamic, allowing for both collaborative and open workspace, as well as exceptionally high ceilings, which would easily accommodate any user’s desire to expand their footprint through the addition of a mezzanine. As a result, this offering is a “move-in ready” investment opportunity for any business, both for short term and long term operational needs.

With flexible use options permitted under the B-4 Central Business Zoning, this space is suited as a designer retail space, a personal service boutique, or a creative office.

Emrick Flats Condos, a 25 unit condo project, occupies perhaps the most prominent and unique corner of Richmond’s Arts District. Its triangular, industrial architectural design was expertly leveraged into the building’s condo conversion in 2007-2008 and is situated at the locus of Broad Street’s accelerating revitalization. This highly walkable mixed use neighborhood includes such residents as Max’s on Broad, Saison, Rosewood Clothing Co., Little Nomad, Gallery 5, and Nama on Broad-- to name just a few. With an incredible location and rich amenity base, 310 N Adams is an excellent new address for any growing business.

310 N ADAMS STREET | RICHMOND VA

310 N ADAMS STREET | RICHMOND VA

PETERSBURG DEMOGRAPHICS*MAIN LEVEL FLOOR PLAN

SEAL:

REVISIONS:

SHEET TITLE:

Copyrights by Cornerstone Architects. All rights reserved.These drawings may not be used nor produced in any formwithout written consent from Cornerstone Architects.

VA

MAIN LEVEL FLOORPLAN

A2.04

23 West Broad St. , Suite 200Richmond, Virginia 2 3 2 2 0Telephone: 8 0 4.3 5 3.3 0 5 1Facsimile: 8 0 4.3 5 8.1 4 4 2Webpage: www.csarch.com

Frid

ay, A

ugus

t 25,

200

6

Z:\C

A M

aste

rs\C

A TE

MP

LATE

S_E

XIS

T v9

0\P

LN &

BO

OK

\00X

XX_B

OO

K_E

XIS

T.lb

k

DESIGN FORUMRICHMOND

PROJECT NUMBER: 00713.00

DRAWN BY: LRH

CHECKED BY: RKM

CORRECT ELEVATION 07.03.071

DATE: 08.29.07

REDESIGN FOR PERMIT &PRICING 08.29.072

UPDATE OCCUPANT LOAD FORPERMIT & PRICING 09.3.073

F

107

101

INACTIVE

106

100

104

103

105

102

108

PLAN

NORTH

105

110

109

GFI

+44

102

111

103

107

101

106

#DrgID#LayID

#DrgID#LayID

27A1.01

26A1.01

22A1.01

5A3.01

17A3.01

6A3.01

18A3.01

15

15

10

D

B

C

1

3

10

14

A

16

3

13

25

5

4

4

4

11

6

4

12

17

17

BROOK RD.

NORTH ADAMS ST.9 8 7 6

2

AREA: TOTAL - 1,927 SQ. FT.

OCCUPANT LOAD: 9 employees and 5 customers = 14 occ Basement serves occupant load of main level

TRAVEL DISTANCE: 67'-11"

COMMON PATH OF TRAVEL: 29'-6"

DEAD END CORRIDOR: N/A

3

104

+ 36

DE

DG

FI +

44

B1

B1

B1

B1

B1

DN

4

4

4

4

88819

RECEP.

MEETINGAREA

WTG./LIBRARYWORK STA.

S.T.

D

CL.

WORK STA.

KIT./BREAK

JAN.

COMMON

GROUP WORKAREA

XX

XX

A

X

XX

102

DEDICATED

FIRE EXT. CAB. -LARSEN'S CAMEOSERIES C2409R -CLR. BUBBLE, NOLETTERS, CLR. ANOD.ALUM. RECESSED.

ROOM NAME

COLUMN LINE TAG

WALL TYPE

ROOM NUMBER

DOOR TAG

WINDOW TAG

KEY NOTE

PLUMBING TAG

T THERMOSTAT

PATH OF EGRESS

DUPLEX RECEPTACLE @ 14"A.F.F. U.N.O.

DATA/ TELEPHONE JACK(3/4" CONDUIT w/ 4 x 4 J-BOX& 2 x 4 PLASTER RING) @ 14"A.F.F. U.N.O.

DED

QUADRAPLEX RECEPTACLE @14" A.F.F. U.N.O.

FLOOR DRAIN (DO NOT SLOPEFLOOR TO DRAIN UNO)

MOP SINK

15" X 15" X 6" D STAINLESS STEEL HAND WASH SINK

WATER CLOSET - FLOOR MTD. W/ TANK (W/POWER FLUSHASSISTANCE)

19" X 22" x 4" D ACCESSIBLE VITREOUS CHINA SINK(WALL HUNG)

FEC

1

1. ALL PARTITIONS THAT MEET EXTERIOR WALLS ARE TO BE CENTERED OFWINDOW MULLIONS UNO.

2. ALL DOORS OPENINGS ARE TO BE LOCATED (FROM HINGE SIDE) 4" FROMADJACENT WALLS UNO.

3. REFER TO DOOR SCHEDULE FOR DOOR HARDWARE AND RATING. ALL RATEDDOORS TO BE EQUIPED WITH CLOSERS. VERIFY KEYING SCHEDULE WITHOCCUPANT AND OWNER.

4. TYPICAL PARTITIONS SHALL BE TYPE A1, 8'-6" AFF W/ 8'-0" AFF CEILING HEIGHTSTYPICAL UNO.

6. ALL DOORS TO BE 3'-0" X 6'-8" UNO. (SEE DOOR SCHEDULE)

7. ALL FURNITURE AND OWNER SUPPLIED EQUIPMENT IS SHOWN FORCOORDINATION PURPOSES ONLY AND IS NOT IN THE CONTRACT.

8. ALL WATER CLOSETS SHALL BE FLOOR MOUNTED TANK TYPE AMERICANSTANDARD 17" CADET H EL 1.6 PRESSURE ASSISTED UNO.

9. ALL BATHROOM FIXTURES ARE TO BE ADA COMPLIANT, INSTALLEDACCORDING TO ADA MINIMUM STANDARDS, AND TO BE PROVIDED WITH ADACOMPLIANT ACCESSORIES AT APPROPRIATE MOUNTING HEIGHTS.

10. GYPSUM BOARD USED MUST MEET A 99% RECYCLED CONTENT WITH THE PAPERAND GYPSUM LAYERS.

11. COVER ALL EXISTING WINDOW OPENINGS (ON BACK WALL) WITH MDF ANDPRIME. TRIM OUT RECTANGULAR OPENING WITH 1 1/2" QUARTER ROUND.

1

2

3

4

5

6

7

8

9

10

11

12

13

14

15

16

17

A

B

C

D

18

19

PLAN GENERAL NOTES

PLAN SYMBOL LEGEND

F.D.

BUSINESS

PLAN KEY NOTESHI-LO ELECTRONIC DRINKING FOUNTAIN, ADA ACCESSIBLE

5 ADJUSTABLE 18" DEEP WHITE MELAMINE SHELVES WITHBRACKETS AND STANDARDS.

4" SPACE BETWEEN EXISTING EXTERIOR WALL AND NEW PARTITION

FIRE EXTINGUISHER CABINET

VENT CAVITY TOP TO BOTTOM

EXISTING FIRE RATED WALL

2'x2' SAW-CUT OPENING IN FLOOR SLAB TO ROUTE DUCT.REINFORCE PER STURUCTURALS.

CONTRACTOR TO PROVIDE A CODE-COMPLIANT OPEN GRATING INTHE SIDEWALK IN FRONT OF THE DOOR WHICH WILL ALLOW THEHVAC UNIT BELOW TO RECEIVE FRESH AIR

HALF PARTITION, TYPE A1, TO BE 6'-0" AFF.

WOOD STUD 8" THICK WALL

PROVIDE 1 12" DEEP WHITE MILAMINE SHELF AT 68" AFF AND ONESTANDARD COAT ROD AT 64" AFF AND 10" O.C. FROM WALL.

BUILDING STANDARD CABLE RAIL AND STAIR.

PARTITAL WALL TO BE 2-8 1/2" AFF WITH 1 1/2" THICK SOLID SURFACECOUNTER TOP; REFER TO INTERIOR ELEVATION

G.C. IS TO PROVIDE ADEQUATE SUPPORT BRACKETS TO BASE OFPARTITION

3'-6" X 7'-0" POLYCARBONATE PANELSL; REFER TO FINISHSPECIFICATION

WOOD CAP; REFER TO INTERIOR DETAIL ON SHEET A1.01

PARTIAL WALL TO BE 8'-6" AFF

EXISTING WALL

EXISTING EXTERIOR WALL

WALL SCHEDULE

FIXTURE SCHEDULE

EXISTING 1HR RATED INTERIOR PARTITION WALL (4'-7/8" WIDTH)PARTITION TYPE D1, U.N.O.

NON- RATED INTERIOR WALLPARTITION TYPE A1, U.N.O.

NOTED PARTITIONS ARE TO RUN TO UNDER SIDE OF FLOOR.

2

NOTE TO G.C.:FLOOR SLAB MUST BE SUPPORTED AT EDGE OF NEW OPENING.G.C. SHALL RETAIN A LICENSED STRUCTURAL ENGINEER TOEVALUATE THE EXISTING CONDITIONS AND DESIGN THEAPPROPRIATE SIZE BEAM AND CONNECTIONS. FURNISH COPY OFSTRUCTURAL ENGINEERS CALCULATIONS AND DRAWING TO THEARCHITECT FOR HIS RECORDS.

SCALE: 1/4" = 1'-0"1 MAIN LEVEL FLOOR PLAN

310 N ADAMS STREET | RICHMOND VA

PETERSBURG DEMOGRAPHICS*LOWER LEVEL FLOOR PLAN

SEAL:

REVISIONS:

SHEET TITLE:

Copyrights by Cornerstone Architects. All rights reserved.These drawings may not be used nor produced in any formwithout written consent from Cornerstone Architects.

VA

BASEMENT FLOORPLAN

A2.05

23 West Broad St. , Suite 200Richmond, Virginia 2 3 2 2 0Telephone: 8 0 4.3 5 3.3 0 5 1Facsimile: 8 0 4.3 5 8.1 4 4 2Webpage: www.csarch.com

Frid

ay, A

ugus

t 25,

200

6

Z:\C

A M

aste

rs\C

A TE

MP

LATE

S_E

XIS

T v9

0\P

LN &

BO

OK

\00X

XX_B

OO

K_E

XIS

T.lb

k

DESIGN FORUMRICHMOND

PROJECT NUMBER: 00713.00

DRAWN BY: LRH

CHECKED BY: RKM

CORRECT ELEVATION 07.03.071

DATE: 08.29.07

REDESIGN FOR PERMIT &PRICING 08.29.072

UPDATE OCCUPANT LOAD FORPERMIT & PRICING 09.3.073

003

002

001

004

005

006

005

PLAN

NORTH

007

006

002008

DED

DED

001

003

009

005

004

+ 72

1'-6

"

2'-8"

16A3.01

door with vent

UP

13

existing boilerto remain in place

2

#DrgID#LayID

27A1.01

26A1.01

22A1.01

3

5

18

18

18

999

18

18

18

CONFERENCE RM.

WORK ROOM

EXT. ELEC.

MECH. CL.

COMMONAREA

COMMON AREA

LOUNGE/LIBRARY

CL.

ELEC.

CP

D

XX

XX

A

X

XX

102

DEDICATED

FIRE EXT. CAB. -LARSEN'S CAMEOSERIES C2409R -CLR. BUBBLE, NOLETTERS, CLR. ANOD.ALUM. RECESSED.

ROOM NAME

COLUMN LINE TAG

WALL TYPE

ROOM NUMBER

DOOR TAG

WINDOW TAG

KEY NOTE

PLUMBING TAG

T THERMOSTAT

PATH OF EGRESS

DUPLEX RECEPTACLE @ 14"A.F.F. U.N.O.

DATA/ TELEPHONE JACK(3/4" CONDUIT w/ 4 x 4 J-BOX& 2 x 4 PLASTER RING) @ 14"A.F.F. U.N.O.

DED

QUADRAPLEX RECEPTACLE @14" A.F.F. U.N.O.

FLOOR DRAIN (DO NOT SLOPEFLOOR TO DRAIN UNO)

FEC

1

1. ALL PARTITIONS THAT MEET EXTERIOR WALLS ARE TO BE CENTERED OFWINDOW MULLIONS UNO.

2. ALL DOORS OPENINGS ARE TO BE LOCATED (FROM HINGE SIDE) 4" FROMADJACENT WALLS UNO.

3. REFER TO DOOR SCHEDULE FOR DOOR HARDWARE AND RATING. ALL RATEDDOORS TO BE EQUIPED WITH CLOSERS. VERIFY KEYING SCHEDULE WITHOCCUPANT AND OWNER.

4. TYPICAL PARTITIONS SHALL BE TYPE A1, 8'-6" AFF W/ 8'-0" AFF CEILING HEIGHTSTYPICAL UNO.

6. ALL DOORS TO BE 3'-0" X 6'-8" UNO. (SEE DOOR SCHEDULE)

7. ALL FURNITURE AND OWNER SUPPLIED EQUIPMENT IS SHOWN FORCOORDINATION PURPOSES ONLY AND IS NOT IN THE CONTRACT.

8. ALL WATER CLOSETS SHALL BE FLOOR MOUNTED TANK TYPE AMERICANSTANDARD 17" CADET H EL 1.6 PRESSURE ASSISTED UNO.

9. ALL BATHROOM FIXTURES ARE TO BE ADA COMPLIANT, INSTALLEDACCORDING TO ADA MINIMUM STANDARDS, AND TO BE PROVIDED WITH ADACOMPLIANT ACCESSORIES AT APPROPRIATE MOUNTING HEIGHTS.

10. GYPSUM BOARD USED MUST MEET A 99% RECYCLED CONTENT WITH THE PAPERAND GYPSUM LAYERS.

11. COVER ALL EXISTING WINDOW OPENINGS (ON BACK WALL) WITH MDF ANDPRIME. TRIM OUT RECTANGULAR OPENING WITH 1 1/2" QUARTER ROUND.

1

2

3

4

5

6

7

8

9

10

11

12

13

14

15

16

17

18

19

PLAN GENERAL NOTES

PLAN SYMBOL LEGEND

F.D.

BUSINESS

PLAN KEY NOTESHI-LO ELECTRONIC DRINKING FOUNTAIN, ADA ACCESSIBLE

5 ADJUSTABLE 18" DEEP WHITE MELAMINE SHELVES WITHBRACKETS AND STANDARDS.

4" SPACE BETWEEN EXISTING EXTERIOR WALL AND NEW PARTITION

FIRE EXTINGUISHER CABINET

VENT CAVITY TOP TO BOTTOM

EXISTING FIRE RATED WALL

2'x2' SAW-CUT OPENING IN FLOOR SLAB TO ROUTE DUCT.REINFORCE PER STURUCTURALS.

CONTRACTOR TO PROVIDE A CODE-COMPLIANT OPEN GRATING INTHE SIDEWALK IN FRONT OF THE DOOR WHICH WILL ALLOW THEHVAC UNIT BELOW TO RECEIVE FRESH AIR

HALF PARTITION, TYPE A1, TO BE 6'-0" AFF.

WOOD STUD 8" THICK WALL

PROVIDE 1 12" DEEP WHITE MILAMINE SHELF AT 68" AFF AND ONESTANDARD COAT ROD AT 64" AFF AND 10" O.C. FROM WALL.

BUILDING STANDARD CABLE RAIL AND STAIR.

PARTITAL WALL TO BE 2-8 1/2" AFF WITH 1 1/2" THICK SOLID SURFACECOUNTER TOP; REFER TO INTERIOR ELEVATION

G.C. IS TO PROVIDE ADEQUATE SUPPORT BRACKETS TO BASE OFPARTITION

3'-6" X 7'-0" POLYCARBONATE PANELSL; REFER TO FINISHSPECIFICATION

WOOD CAP; REFER TO INTERIOR DETAIL ON SHEET A1.01

PARTIAL WALL TO BE 8'-6" AFF

EXISTING WALL

EXISTING EXTERIOR WALL

WALL SCHEDULE

EXISTING 1HR RATED INTERIOR PARTITION WALL (4'-7/8" WIDTH)PARTITION TYPE D1, U.N.O.

NON- RATED INTERIOR WALLPARTITION TYPE A1, U.N.O.

NOTED PARTITIONS ARE TO RUN TO UNDER SIDE OF FLOOR.

2

NOTE TO G.C.:FLOOR SLAB MUST BE SUPPORTED AT EDGE OF NEW OPENING.G.C. SHALL RETAIN A LICENSED STRUCTURAL ENGINEER TOEVALUATE THE EXISTING CONDITIONS AND DESIGN THEAPPROPRIATE SIZE BEAM AND CONNECTIONS. FURNISH COPY OFSTRUCTURAL ENGINEERS CALCULATIONS AND DRAWING TO THEARCHITECT FOR HIS RECORDS.

SCALE: 1/4" = 1'-0"1 BASEMENT FLOOR PLAN

310 N ADAMS STREET | RICHMOND VA

PETERSBURG DEMOGRAPHICS*RICHMOND RETAIL MARKET ANALYSIS

Richmond’s retail sector has continued to improve. Spurred by a slowdown in new supply, coupled with continually positive demand outputs, vacancies reached cyclical lows at the end of 2019. That could be changing soon, though.

While it is likely still too early to quantify, the impact of Coronavirus on the retail sector is expected to be significant. Between mandatory closings of bars and restaurants, social distancing, and the quarantines that have taken place, the end result will likely see businesses close as foot traffic dwindles. In turn, the longer that this unfortunate disease lasts, the longer it will take for retailers to dig out of the hole.

Demand for retail space has been most prominent in two areas: the metro’s retail strongholds, such as Short Pump, and in emerging growth

areas, such as in Chesterfield County. All told, leasing activity exceeded this cycle’s historical average again last year, which ultimately paved the way for another year of vacancy compression.

From a supply standpoint, the amount of space underway has continued to remain manageable by the metro’s standards. Speculative development is still rare, but has started to gain momentum in recent months as developers have looked to take advantage of Richmond’s tight vacancy rate. Either way, with vacancies at their lowest rate in the past 15 years, speculative deliveries in the near term will likely have a minimal impact on the metro as a whole.

310 N ADAMS STREET | RICHMOND VA

PETERSBURG DEMOGRAPHICS*RICHMOND OFFICE MARKET ANALYSIS

Richmond’s office market remains in good standing. Vacancies are at one of their tightest rates in the past 20 years, demand continues to outpace historical norms and rents are growing at an outsized rate. Much of this activity has been driven by the metro’s ability to attract corporate relocations and the subsequent demand for back- and middle-office space.

That above-average demand has benefited landlords, as annual rent gains have averaged nearly 3% over the course of the past three years. In addition, those gains have been even more prevalent within the 3 Star cohort, which has seen its fair share of demand from back- and middle-office users.

The metro’s development levels have slowed as of late. Although that

is beneficial to existing owners and landlords, it could also be seen as something that potentially holds back the continued growth of the local office sector. There has been a pronounced flight to quality in Richmond this cycle. Yet, with a dwindling amount of 4 & 5 Star space on the market, the metro will likely need to rely on build-to-suits in the near term in order to house future relocations for those seeking high-quality space.

On the investment front, out-of-market investors have dominated the metro’s recent transactions. More than 70% of last year’s sales volume can be attributed to buyers from outside of the Richmond market, with many chasing higher yields than those found in some of the core coastal markets such as Washington D.C.

VCU MONROE CAMPUS RICHMOND CONVENTION CTR

DOWNTOWN RICHMOND

MONROE PARK

VCU MED CENTER

HOLLYWOOD CEMETERY

THE JEFFERSON

BROAD STREETMAIN STREET

CAPITOL SQUARE

CARY STREET

CHURCH HILL

UNION HILL

MONROE WARD

JACKSON WARDFAN DISTRICT

OREGON HILL

RANDOLPH

MAGGIE WALKER PLAZA

1821 E MAIN STREET | RICHMOND VAONE SOUTH COMMERCIAL2314 West Main Street | Richmond VA 23220 | onesouthcommercial.com | 804.353.0009

LOCATION MAP

ONE SOUTH COMMERCIAL CONTACT

310 N ADAMS ST

ANN SCHWEITZER RILEYann.schweitzer@onesouthcommercial.com804.723.0446