BACK ON MARKET: 1518 Hull & 4 Adj Lots on E 16th, Manchester Richmond, VA

Property Location MAP

1518 Hull St and 6, 8, 10 and 12 East 16th Street
Richmond, VA 23224

Property #: FX1949

Contact Agent

Bill Londrey CAI
Tranzon Fox

804-513-0544 blondrey@tranzon.com
This property is from the Hild Manchester Real Estate Portfolio. The sale of this property by auction has received all required approvals, including any approvals required pursuant to the Restraining Order issued by the United States District Court for the Southern District of New York on August 28, 2019 in United States v. Hild, Case No. 1:19-cr-00602.

Rare, freestanding building in the heart of Manchester with adjacent land for development and parking.
  • Recently up-zoned to B-5 which all but eliminates off street parking requirements and allows up to 5 stories of new construction
  • Located in Opportunity Zone
  • Historic tax credit eligible
  • Less than a mile from the Pamunkey Indian Tribe’s proposed $350 million resort/casino
  • 17,656+/- Square Foot building with additional lots in rear totaling, +/-.509 acre
  • Built in 1930
  • 45 parking spaces
  • Signalized intersection
  • Ability to build additional structures on rear lots
  • Construction drawings for 1518 Hull Street and adjacent conceptual new construction drawings convey. Plans call for 14 apartments and commercial space in existing building plus 55 units in new construction on rear lots.
  • $150,000+/- invested in architectural/engineer drawings for mixed use renovation and conceptual plan for new 5 story building to be constructed at rear on parking lot

Recent Articles on Manchester Area:
Zoning Map: https://www.arcgis.com/apps/webappviewer/index.html?id=cf5282d10b6f40fcb361cde85dcc6fe4

Opportunity Zone Map: http://vedp.maps.arcgis.com/apps/webappviewer/index.html?id=bf7c530d8e0240c6a911a4b40fb0a357
 
Address Parcel ID# 2019 Tax Assess    2019 Annual Taxes
1518 Hull Street S000-0195-001 $439,000 $5,268
6 East 16th Street S000-0195-031 $49,000 $588
8 East 16th Street S000-0195-030 $52,000 $624
10 East 16th Street S000-0195-029 $51,000 $612
12 East 16th Street    S000-0195-027    $75,000 $900
    $666,000 total $7,992 total


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.

Print Terms and Conditions

  • Buyer's Premium: 10% Buyers Premium based on the high bid.
  • Closing: 45-Day closing, sold in As-Is condition, no contingencies.
  • Deposit Amount: 10% deposit due within 2 business days of being notified that you are the successful high bidder.
  • 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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