1129 Hull St Richmond, VA 23224

$950000

Mixed Use
Property Type


Units

.18 AC
Parcel

6,006 SF
GBA

Active Listing

About This Property

Constructed in 1920, this Classical Revival building is one of the most recognizable properties fronting on Hull Street and a historical icon in the Manchester neighborhood.

Originally serving as the Mechanics & Merchants Bank, the building’s main space was repurposed most recently to host events. This event space retains many spectacular architectural details including the full-height coffered ceiling, scagliola marble columns, and the original walk-in bank vault. Attached to the main event space is a large, fully equipped commercial kitchen with hood. In addition, a parking area with eight spaces is located at the rear of the building and accessible from W 12th Street.

The building’s existing grand open floor plan makes it ideal as a gathering space, lending it to concepts such as an event venue, high-end restaurant, art gallery, or brewery. 

In 1984, a two-story addition to the side and rear of the building enlarged the building’s floor area to just over 6,000 SF. A unique luxury two bedroom, two and a half bath containing 2,217 SF apartment was finished in the addition during a later renovation completed in 2007/2008. This unique residential unit with a separate entrance features the exposed exterior wall of the original building as a prominent decorative part of the living space.

Perfect for an owner-occupant, this corner property is also well-suited for an investor looking to develop close to Downtown Richmond. The 7,699 SF parcel is flexibly zoned B-5 Central Business. A large portion of the property is primed for a new development up to five-stories in height with no parking requirements for commercial uses or dwelling units. Schematic plans for the property show the ability to add up to twenty additional apartments in the undeveloped portion of the property. With the surging popularity of Manchester as the destination for new residents, businesses, and services, development in the area, especially along Hull Street, has skyrocketed. Take advantage of the exciting revitalization occurring in Manchester with an opportunity to invest in this historical icon.

Additional Information

61
Walkability

46
Transit

Units 2
Parcel ID S000-0061-021
Const. Materials Brick
Road Frontage Hull Street
Zoning Desc. B-5
Construction Date 1920
Renovation Date 2008
Co-broker Fee Yes

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