Retail•Restaurant•For Sale

Churchill Corner Commercial Redevelopment Opportunity

1201 and 1205 N 25th St, Richmond, Virginia 23223

Sale Price $900,000
Sale Type Development
Zoning B-2
Bldg Type Single Tenant
Year Built 1924
Stories 1
Annual Taxes $1,212.00
Gross Bldg 3,319 SqFt
Land Area .25 Acres
Ceiling Height 20.0 Ft
Improvements Flat, open corner lot
Market Richmond
Sub-Market East End
MLS# 1705482, 1804065
OPPORTUNITY ZONE REDEVELOPMENT: 1 block south of J. Sargeant Reynolds Culinary Institute and retail center with new businesses and homes. 3,319 sf open, structrally sound building with 3 bay doors, fenced rear yard, new roof and trusses, 2 restrooms, large windows - possibly eligible for historic tax credits and tax abatement The large open interior and outdoor patio in a viable restaurant location with potential to add 2 levels with conditional use permit - next to the 20,000 sf J. Sargeant Reynolds College Culinary Arts Program (now under construction), 2-block mixed-use development and the Bon Secours 4-block expansion project, 500-unit housing redevelopment project. Revitalization of north Churchill at Nine Mile Road and the existing redevelopment is achieving the USA Today Top 10 Neighborhoods in the USA. Corner Business Location on 25th St in Churchill Opportunity includes 2 adjoining properties at 1201 and 1205. 1 block from the new J.Sargeant Reynolds Community College Culinary School mixed-use development, Market at 25th, Hope Pharmacy, VCU Health HUB, and 42 apartments. and 1mi. to MCV, Richmond's downtown business district and $1B Coliseum Redevelopment Project. North 25th St is experiencing rapid redevelopment with new businesses and homes while the Bon Secours 4-block expansion project, RRHA 500- unit housing redevelopment project with Revitalization of Churchill, designated one of USA Today's top 10 up and coming neighborhoods in America,
  • - Opportunity Zone
  • - Nostalgic 3319sf Building zoned B2
  • - 1/4 Acre Corner Lot on 25th St in Church Hill
  • - Possible restaurant location with outdoor seating and rooftop
  • - walk to Union Market
  • - Bon Secours Hospital and I-64 access
11/30/2018 3:23:23 PM 5/16/2019 5:23:38 PM

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