1427 Hull St - Storefront FOR SALE


Richmond, VA 23224- Manchester
$1,000,000 USD
804-307-8151
1427 Hull St, Richmond, VA for Sale
$1,000,000 USD
Storefront - FOR SALE
1/31
null | Request Cap Rate

1427 Hull St
Richmond, VA 23224
Manchester


HIGHLIGHTS

  • Located within historic district with potential 40% historic tax credit on qualifying improvements
  • Prime Manchester location minutes from Downtown Richmond and the James River
  • Exposed original brick interior

OVERVIEW

Prime commercial opportunity in Richmond’s rapidly growing Manchester district. This approximately 7,500 SF retail/restaurant building has undergone approximately $445,000 in recent renovations, all completed by licensed contractors and inspected by the City of Richmond. Major improvements include a new TPO roof, upgraded 400-amp three-phase electrical service, rooftop natural gas backup generator with automatic transfer switch, reinforced structural flooring with steel C-channel beams, and a new basement sump pump system. The property is delivered as a clean commercial dark shell with exposed original brick interior, allowing a buyer to design and build out the space to suit a variety of uses including restaurant, brewery, retail, fitness, entertainment, or creative office. In addition to the main floor square footage, the building includes additional basement space not included in the primary square footage that may be used for storage, operational support, or other business needs. Located within a historic district, the property may qualify for approximately a 40% historic tax credit on eligible renovation or buildout expenses, creating a significant incentive and cost savings opportunity for a buyer completing interior improvements. Situated along the Hull Street corridor in Manchester, the property benefits from strong residential and commercial growth, with numerous nearby apartment developments, restaurants, and entertainment venues. The location offers convenient access to Downtown Richmond, the James River, and major transportation routes. This property presents a rare opportunity to acquire a large commercial building with major infrastructure upgrades in one of Richmond’s most active redevelopment areas.

FOR SALE DETAILS

PRICE

$1,000,000 USD

PRICE/SF

$125 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

ADD'L SUBTYPES

Restaurant, Storefront Retail/Office, Loft/Creative Space

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1920

SPRINKLERS

-

PARKING SPACES

1

LAND DETAILS

LAND ACRES

0.25 AC

LAND SF

10,890 SF

ZONING

B-5

APN/PARCEL ID

S000-0153-027

ASK ABOUT THIS PROPERTY

Brent SamuelCapital Real Estate ServicesMore Info
804-307-8151

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Brent SamuelCapital Real Estate ServicesMore Info
804-307-8151

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.