Corner Comm Bldg w/ Income in Opportunity Zone Richmond, VA

Property Location MAP

1800 N 30th St
Richmond, VA 23223

Property #: FX4539B

Preview Times

Thursday, Feb 28 10-11am

Contact Agent

Bill Londrey CAI
Tranzon Fox

804-513-0544 blondrey@tranzon.com

Documents

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  • Confidentiality Agreement Required
Well located, visible corner lot in Church Hill's opportunity zone #51760020200. Tax incentives available. Sturdy block building originally built as auto dealership. Be a part of the tremendous rehabilitation and improvement ongoing in the northern Church Hill area. Property is only five blocks from RRHA’s soon to be completed $26MM mixed use, grocery-anchored community development, three blocks from the Creighton Court redevelopment site (at I-64) and two blocks from the in-process Armstrong High School redevelopment site. (Below please find links to these exciting revitalization initiatives which are changing the face of North Church Hill and the Nine Mile Road commercial corridor).

https://www.wric.com/news/local-news/mixed-income-development-breaks-ground-at-old-armstrong-high-school-site/1562367972
https://www.rrha.com/revitalize-rva/public-housing-transformation-programs/east-end-creighton-court-transformation/

The auction property currently houses 2 tenants:
Auto Body/Paint Shop tenant 3+ years pays $2,000/mo
Retail/C-Store tenant pays $250/wk
Total gross annual rents: $37,000

Please respect the privacy of the tenants.  PLEASE NOTE the auction is being held off-site at a nearby location.

Paved parking

Parcel ID#: E000-0952-023 2018
Tax Assessment: $150,000
2018 Annual Taxes: $1,800
Building Size: +/-4,640 SF per tax record
Zoning: B-2


Please be sure to download the Property Information Package by clicking on the words under “Documents to Download.” By downloading this package you will alert Tranzon Fox to your interest in this property and you will receive emails with any updates on this auction. The package contains information needed to participate in bidding at auction.

VAAF423

The following summary of Terms & Conditions of Auction Sale is only intended to provide you a brief outline. For a complete copy, either download the Property Information Package, if available, or contact Bill Londrey CAI

Bill Londrey CAI: Tranzon Fox

804-513-0544 blondrey@tranzon.com

All bidders must agree to all of the Terms & Conditions of Auction Sale prior to bidding at any Tranzon auction. Listings may be withdrawn or modified without notice at anytime.

For general information on the auction process, please review the Frequently Asked Questions.

  • Buyers Premium: 10% Buyers Premium based on the high bid.
  • Closing: 30-Day closing, sold in As-Is condition, no contingencies.
  • Deposit Amount: Minimum auction day deposit of $10,000 in guaranteed funds.
  • Broker Co-op: 2% of the high bid will be paid to a properly registered broker at settlement.
  • Agency Disclosure: The member company acting as auctioneer/agent is an agent for the seller only.
  • Disclaimer: Information contained herein is believed to be correct to the best of auctioneer/agent's knowledge but is subject to inspection and verification by all parties relying on it. Sellers, their representatives and auctioneer/agent shall not be liable for inaccuracies, errors, or omissions. All square footage and other dimensions are approximate. This offering is subject to prior sale and may be withdrawn, modified or cancelled at any time without notice.

Online Bidding Instructions:

See terms and conditions in the property information package.

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