1209 Hull StRichmond, VA 23224

  • Residential income properties
  • 19,644 SF
For Lease
$24/SF/YR View listing

Property Details for 1209 Hull St

Year built
1920
Construction
TYPE NOT SPECIFIED
Lot size
0.30 AC
Property size (Sq ft)
19,644 SF
Zone code
UB2-PE URBAN BUS.-PARKING
Property type
Residential income properties
Property subtype
Other apartment buildings
APN
S-000-0085-018
APU
S0000085018

Description

This exceptional 4,810 square foot, fully renovated restaurant and brewery space in Richmond, VA's vibrant Manchester neighborhood presents a unique investment opportunity. Located at 1209 Hull Street, this single-tenant property boasts a dramatic rooftop bar offering stunning city views – a unique amenity in Manchester. The impeccably renovated interior features high-end finishes and furnishings, creating a modern yet historically charming atmosphere. The ground floor includes a large elevated bar, ample booth and table seating, and a mezzanine suitable for conversion into a private dining room. A spacious brewery/production annex is ideal for brewing and distribution, catering to Manchester's growing community and the broader Richmond MSA. Built in 1920, this three-story building sits on a 0.29-acre lot and totals 19,644 square feet, zoned B-5. The property includes all furniture, fixtures, and equipment (FF&E), making it a truly turnkey operation. This dual-purpose space is perfectly positioned to create a destination brewery and dining experience. APN: S0000085018.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $4,519,339
    6.5%
    $4,171,698
    7%
    $3,873,719
  • Comparable approach

    Method
    Valuation
    Relative Method
    $3,417,230
    Geo Method
    $5,085,154
  • Alternative Use

    Use
    Valuation
    Residential
    $4,171,698
    Hospitality
    $3,821,252
    Educational
    $3,179,237
    Medical
    $3,288,576
    Retail
    $4,945,480
1209 Hull St, Richmond, Virginia

Location Insight

City
Richmond
County
Richmond City
State
Virginia
Latitude
37.5211
Longitude
-77.4446
CBSA code
40060
CBSA name
RICHMOND, VA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2020
$20
$375,000
$2,703,000
$3,078,000
-
$375,000
$2,703,000
$3,078,000

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