Broad St. restaurant, coffee shop property gets new owner

The Filipino restaurant has not been open during its listed hours in recent weeks. It’s unclear if its closure is permanent. (Photos by Mike Platania)

While the status of its current restaurant tenant remains unclear, a property in the Arts District recently fetched nearly $1 million.

The dual storefront property at 504-506 W. Broad St. sold last month for $900,000.

The two-story, 5,700-square-foot building has been home to restaurant Tiny Victory, coffee shop RVA Light and All Team Staffing.

The building sold to a mystery buyer for just short of $1 million.

Tiny Victory, which opened about two years ago, has not appeared to be open for business during its normal listed hours in recent weeks. Attempts to reach Tiny Victory owners Ian Merryman and Devon Halbert have been unsuccessful. The restaurant’s phone number no longer is in service.

This week, it was announced that Merryman is now executive chef at ShoreDog Café in the Tuckahoe Shopping Center in the West End, according to the restaurant’s Facebook page.

RVA Light and All Team remain open as usual.

The building sold to 504 West Broad LLC, an entity whose registered agent is Charlottesville-based attorney Brian Craddock of Flora Pettit. Craddock did not respond to calls and emails seeking comment.

Sperity Real Estate Ventures’ Nathan Hughes and Veronica Wiles represented the seller, Black Label Capital LLC. Black Label had owned the building since 2014, per city property records.

The Tiny Victory space has had plenty of tenant turnover in recent years. Since 2012 and prior to Tiny Victory, it was home to Belvidere at Broad, Antler & Fin, Boka Tavern and Yaki.

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John Lindner

That’s a surprising price for that property.