RECENTLY CLOSED | 1109 Bainbridge St Richmond, VA 23224
About This Property
One South Commercial is pleased to present for sale 1109 Bainbridge St. This single-family property is situated in Richmond’s Manchester neighborhood which has seen incredible growth in the past several years. As more and more people are choosing to reside in this neighborhood, development of commercial and multifamily properties has also significantly increased.
1109 Bainbridge was originally constructed in 1886 and features 4,086 SF of building area over two stories. Currently configured for single-family use, the property offers four bedrooms and three bathrooms with interior and exterior architectural details unique to its 19th Century construction. Given the rapid growth and popularity of the neighborhood, this listing offers unrivaled opportunity for an investor looking to develop a property for commercial or multifamily use. The large building area would easily accommodate a variety of configurations. However, the current zoning requirements of the R-63 Multifamily Urban zoning would likely necessitate special approval from the City under for a redevelopment scenario.
The growth of this neighborhood is illustrated by the successful development of the adjacent property for multifamily and commercial uses. 1125 Bainbridge St was developed into 21 units and a neighborhood restaurant — the Brewer’s Cafe. Constructed in 2014, the property has been consistently 100% leased indicative of the high-demand for housing and services in the area.
Take part in the continuing growth of one of Richmond’s oldest neighborhood by investing and developing this property to meet the rising popularity of Manchester.
|Units||Up to 4|
|Road Frontage||Bainbridge St|
|Zoning Desc.||R-63 Multifamily|