Development Opportunity
821 Hull Street Richmond Virginia 23224
$1,645,000
Discover an exceptional development opportunity on this .6-acre site located in the vibrant heart of Richmond’s Manchester neighborhood.
This prime location boasts high foot and vehicle traffic, making it ideal for various commercial ventures, residential projects, or mixed-use developments. With a dense population surrounding the area, this site offers immense potential for growth and profitability. Don’t miss out on this chance to invest in a rapidly evolving community that is poised for success.
This property is located at the intersection of Hull Street (Route 360) and Commerce Road in the heart of the Manchester neighborhood. This is a dynamic and evolving area known for its rich history and vibrant community. Once an industrial hub, Manchester has transformed into a desirable location for both residential and commercial development, featuring a mix of historic architecture and modern amenities. The neighborhood benefits from its proximity to downtown Richmond – only 5 minutes away, a strong sense of community, and an increasing number of local businesses and restaurants. Additionally, the area hosts various cultural events and has access to parks and the James River, making it an attractive place for residents and visitors alike.
ABOUT MANCHESTER
Manchester is one of Richmond’s most dynamic and rapidly transforming neighborhoods, located just south of the James River and offering unparalleled views of the city’s skyline. With a rich industrial history, Manchester has evolved into a vibrant hub for innovation, culture, and urban living. Its historic warehouses and factories have been reimagined into modern office spaces, loft apartments, art studios, and retail destinations, making it a hotspot for businesses and residents alike. The neighborhood’s unique blend of old and new creates an environment that is both authentic and forward-thinking, attracting entrepreneurs, creatives, and developers seeking a community brimming with opportunity.
Manchester’s strategic location provides easy access to downtown Richmond, the riverfront, and major highways, ensuring connectivity while maintaining its distinct character. The area boasts an ever-expanding roster of amenities, from trendy coffee shops and breweries to art galleries and green spaces like the T. Tyler Potterfield Memorial Bridge and the Manchester Floodwall Walk. As investment continues to pour into Manchester, the neighborhood is becoming a cornerstone of Richmond’s economic growth, offering businesses and investors a chance to be part of an exciting, evolving story. Whether you’re seeking a place to grow your business or invest in Richmond’s future, Manchester is a destination worth exploring.
Born and raised on a Virginia farm just outside the City of Richmond, Lory Markham has always been fascinated by settlement patterns and how urban growth happens. Her professional history, market knowledge, and passion for making places better equip her to work toward the continued growth of Richmond.
Lory graduated summa cum laude from Hollins University and earned her MA in Urban and Environmental Planning at the University of Virginia’s School of Architecture. After two years at the Richmond Regional Planning District Commission, she continued her public service at the City of Richmond. As Principal Planner for the City of Richmond, Lory served as Secretary to the city’s Planning Commission and managed the review of all development projects in the City that needed special approval. Her contributions to development in the City were recognized in her selection as a “Top 40 Under 40” by Style Weekly.
After over a decade of experience in with the City of Richmond, Lory started a planning consulting company, Markham Planning, and joined One South Commercial as a commercial agent. Her extensive knowledge of the Richmond market, zoning and development review process, historic tax credits, and neighborhood development has made her a prominent figure in the Richmond real estate market. And her focus remains in making places better and maximizing their potential.
Tom Rosman has been brokering investment real estate since the early 1990’s in the Richmond, VA, metro area. He has brought hundreds of transactions to a successful conclusion, including large apartment complexes, apartment buildings in historic neighborhoods, office buildings, retail properties, mixed use buildings, and numerous historic adaptive reuse properties.
Tom was one of the first brokers to recognize the transformative changes occurring in many of Richmond’s most architecturally significant but ignored neighborhoods. Having helped place many of the warehouses and other commercial structures in the hands of Richmond’s development community, Tom’s belief in what a property should be was never compromised by the condition it was in.
DISCLAIMER: This offering memorandum is intended as a reference for prospective purchasers in the evaluation of the property and its suitability for investment. Neither One South Commercial nor Seller make any representations or warranties with respect to the accuracy or completeness of the materials contained in the offering memorandum. Prospective purchasers should evaluate the property independently and rely solely on such independent evaluation in determining whether to purchase the property. The offering memorandum, pricing, and terms therein are subject to change or withdrawal at the discretion of Seller and One South Commercial, as Seller’s exclusive representative. *Information provided deemed reliable but not guaranteed