FOR SALE | 500-512 Hull St Richmond, VA 23224

$19,019,000
Price

Development Site, Multi-Family
Property Type

103 
Units

1.42 AC
Parcel

75,263 SF
GBA

Active Listing

About This Property

ONE SOUTH COMMERCIAL is pleased to present Port RVA, a newly constructed apartment complex in the fast-growing and trendy Manchester neighborhood in Richmond, VA. This opportunity gives an owner the chance to enjoy the cash flow of a 103-unit property while developing an adjacent 0.6-acre parcel with completed construction plans for 188 additional apartments (loan assumption applies only to the existing 103 unit building; the developable 0.6 AC parcel is unencumbered).

Built in 2015-16, Port RVA has enjoyed full occupancy since it opened and fills a niche in the marketplace- well designed micro units – that allow tenants to live in one of Richmond’s premier areas at reasonable rents. Within walking distance to the James River park system and with restaurants, cafes, breweries, and markets steps away, this property has a sky-high walkability score. Each unit has dedicated outdoor space. Port RVA features high-end finishes and an amenity package that includes a fitness center, business center-conference room, swimming pool, covered parking and a large and attractive courtyard.

Because of its recent construction, this property is in excellent physical shape with no deferred maintenance.

Note: the parcel at 512 Hull St (PID S0000076001) is included as part of this listing

Additional Information

57
Walkability

46
Transit

Leasable Area 55585 sq. ft.
Units 103
Parcel ID S0000076006, S0000076001
Road Frontage Hull St
Zoning Desc. B-4 Central Business
Prop. Condition Excellent
Construction Date 2015
Co-broker Fee No

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