804-895-3402
1223-1229 Hull St, Richmond, VA for Sale
Apartments - FOR SALE
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1223-1229 Hull St
Richmond, VA 23224
Manchester


HIGHLIGHTS

  • Current insurance rates 50% lower than current policy
  • Reduced taxes with property tax appeal after purchase well below current assessment
  • Additional rent opportunity charging for parking and a premium for patio units
  • Light value-add program offering additional rent premium
  • Significant rent delta of $450/month on 1 Bed units and over $800/month on 2 Bed units within the competitive set
  • Retail leasing has not been marketed with a retail broker and sits well below nearby comps

OVERVIEW

CBRE is pleased to offer 1229 Lofts, a 10-unit adaptive reuse apartment property with 3,140 SF of ground-level retail space, located at 1229 Hull Street in Richmond, Virginia. Positioned in the heart of Manchester’s revitalization, 1229 Lofts offers unmatched visibility and immediate connectivity within one of Richmond’s fastest-growing urban corridors. Ongoing public and private investment along the Hull Street Corridor is transforming the area with enhanced housing, improved infrastructure, and expanded employment opportunities, creating a vibrant live-work-play environment that continues to attract both residents and businesses. Just steps away, significant mixed-use developments—such as The Current & The Sampson Paint bringing new apartments, offices, restaurants, amenities, and structured parking—further bolster the neighborhood’s momentum and reinforce its appeal as a thriving, high-demand submarket.

FOR SALE DETAILS

PRICE

Request Info for Price

# OF UNITS

10

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Old Store Lofts

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1920

PARKING SPACES

8

LAND DETAILS

LAND ACRES

0.24 AC

LAND SF

10,454 SF

ZONING

B-2

APN/PARCEL ID

S000-0085-024

ASK ABOUT THIS PROPERTY

Peyton CoxCBREMore Info
804-895-3402

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Peyton CoxCBREMore Info
804-895-3402

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