$820,000
$899,000
8.8%For more information regarding the value of a property, please contact us for a free consultation.
1433 Hull ST Richmond, VA 23224
12,570 SqFt
Key Details
Sold Price $820,000
Property Type Commercial
Listing Status Sold
Purchase Type For Sale
Square Footage 12,570 sqft
Price per Sqft $65
MLS Listing ID 2118847
Sold Date 03/16/22
HOA Y/N No
Year Built 1920
Lot Size 6,969 Sqft
Acres 0.16
Property Description
Here is one of the last scalable redevelopment opportunities on Hull Street! 1433-1435 Hull street is an excellent adaptive reuse project waiting to be completed.
This 2 story mixed use historic building, originally the site of Southside Hardware, has over 12,000 SF of developable space, including two (2) retail storefronts, two (2) mezzanine/loft spaces, and an impressive mostly open 2nd floor floorplate. The building contains many unique features such as its well-preserved historic 16' tin ceilings, rear elevator shaft, skylights, and original fireplaces.
With flexible B-5 zoning, the property could lend itself well to a historic tax credit project to include 10-12 apartment units and two (2) commercial storefronts -- or to an owner occupant looking to develop a large restaurant or brewery space with apartments or commercial office space above. There is no shortage of possibilities with this property. Located in both an Enterprise Zone as well as an Opportunity Zone, this is an ideal opportunity to leverage a range of capital incentives while preserving an historic property in Richmond's fast-growing thriving Manchester neighborhood!
Location
State VA
County Richmond City
Area 60 - Richmond
Interior
Heating Other
Exterior
Roof Type Flat
Topography Level
Handicap Access Accessibility Features
Building
Lot Description Level
Building Description Brick, Multi-Tenant,No Elevators
Story 2
Sewer Sanitary
Water Public
Level or Stories Two
Structure Type Brick
Others
Tax ID S000-0153-031
Ownership Investment,Owner-User
Financing Conventional
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Bought with One South Realty Group, LLC