Originally constructed in 1905, in 2017-2018 the three-story structure was completely renovated into a nearly 20,000 square foot mixed use property boasting 12 apartments, first floor restaurant/tasting room with complete commercial kitchen, fully equipped brewery with separate, rear access and capped off with a massive roof-top deck with bar and elevator. Features Include:
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3-Story, +/-19,644sf, building (not including roof-top deck)
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(12) Residential one bedroom/one bath units
- (6) on 2nd fl and (6) on 3rd fl
- High-end finishes including washer/dryers plus granite countertops and stainless appliances in kitchens
- High occupancy
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Commercial Space:
- Dining and commercial kitchen: +/-4,223sf
- Finished mezzanine: +/-488sf
- Brewery: +/-2,164sf
- Rooftop deck: +/-4,700sf
- Deck has incredible 360 degree views, including one-of-a-kind North-facing views of the downtown skyline.
- The various commercial spaces could be leased to a single operator, as they are today, or potential for multiple users in the future.
- Currently leased to established Richmond-area operator as Bolo's Eatery
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Sprinkler system
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Rubber membrane roof
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Elevator and dumbwaiter
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5,000sf paved area at rear, including 11 parking spaces could offer future development possibilities.
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B-5 Zoning, permitting up to five stories, an array of commercial uses plus multifamily with NO parking requirement!
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Certain Seller-owned personal property is currently included in the lease to the commercial tenant and shall convey with the real estate. Equipment includes, to the extent it is still present on premises, fully equipped operating brewery and commercial kitchen. Receiver, Lender and Auction Firm make no representations or warranties as to the current presence or working order of this personal property. A list can be found in the Property Information Package.
Parcel ID: S0000085018
2027 Tax Assessment: $3,391,000
2026 Annual Taxes: $42,387.50
Click on “ACCESS PROPERTY DOCUMENTS.” The Property Information Package contains information, including the sales contract, not available elsewhere.
This property is being sold by Peter J. Barrett, solely in his capacity as court-appointed special receiver (the “Receiver”) in VACU Resolution LLC, successor by assignment to Virginia Credit Union, Inc. v. Church Hill Ventures, LLC, et al., Case No. CL23-5394, pending in the Circuit Court for the City of Richmond, Virginia (the “Court”). The sale is subject to the Court’s approval. The property, including any personal property that conveys, is sold “AS IS, WHERE IS, WITH ALL FAULTS.” No representation or warranty of any kind, express or implied, is made by the Receiver, VACU Resolution LLC, Virginia Federal Credit Union, Church Hill Ventures, LLC, Tranzon Key, or any of their agents. This includes, without limitation, any warranty as to physical or environmental condition, square footage, dimensions, zoning, permitted uses, development potential, compliance with laws, leases, rents, occupancy, or the presence, condition, or working order of any building system or personal property. All information on this page and in the Property Information Package comes from sources believed to be reliable, but it is not guaranteed. Each bidder must rely solely on its own inspection, investigation, and due diligence, completed before bidding. Title will be conveyed by deed without warranty, executed by the Receiver, free and clear of security interests, liens, claims, and other interests only to the extent provided in the Court’s order approving the sale. The Receiver acts solely in a representative capacity and shall have no personal liability. If this summary conflicts with the Terms and Conditions of Auction Sale, the purchase contract, or any Court order, those documents control.
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