Church Hill: Corner Retail Opportunity

1201 & 1205 25th Street Richmond, VA 23223

1201  & 1205 25th Street, Richmond, VA, 23223
1201  & 1205 25th Street, Richmond, VA, 23223 1201  & 1205 25th Street, Richmond, VA, 23223 1201  & 1205 25th Street, Richmond, VA, 23223 1201  & 1205 25th Street, Richmond, VA, 23223 1201  & 1205 25th Street, Richmond, VA, 23223 1201  & 1205 25th Street, Richmond, VA, 23223 1201  & 1205 25th Street, Richmond, VA, 23223 1201  & 1205 25th Street, Richmond, VA, 23223 1201  & 1205 25th Street, Richmond, VA, 23223 1201  & 1205 25th Street, Richmond, VA, 23223
FOR SALE
Property Type:
Restaurant
Amount:
$850,000
Last Verified:
Nov 26, 2023

Highlights

  • Opportunity Zone
  • Zoned B2 for Business Use
  • Corner Lot on 25th St Commercial Corridor
  • 3319sf Building
  • 1 mile to MCV & Downtown Richmond
  • Walk to 25th St Market, J. Sargeant Reynolds Culinary Institute and more!
  • Close to Bon Secours Hospital and I-64 access

Description

Retail Opportunity in Historic Church Hill 25th St Commercial Corridor .2 Acres with a 3319sf iconic 1-story free-standing building with a solid foundation and support beams, on a concrete slab with large windows on all sides, two overhead doors with steel roof trusses, large rear yard, tin ceiling in carport, sidewalks and rear alley access. This location has an open, friendly feel for pedestrian-oriented development or redevelopment for restaurant/cafe, retail, service, 1mile to MCV/VCU and I-64. and Downtown Richmond. Bring your plans. The additional contiguous vacant lot at 1205 N 25th St (ML 2126769) adds .05acres.

Retail Opportunity in Historic Church Hill 25th St Commercial Corridor .2 Acres with a 3319sf iconic 1-story free-standing building with a solid foundation and support beams, on a concrete slab with large windows on all sides, two overhead doors with steel roof trusses, large rear yard, tin ceiling in carport, sidewalks and rear alley access. This location has an open, friendly feel for pedestrian-oriented development or redevelopment for restaurant/cafe, retail, service, 1mile to MCV/VCU and I-64. and Downtown Richmond. Bring your plans. The additional contiguous vacant lot at 1205 N 25th St (ML 2126769) adds .05acres.


Year Built: 1924
Building Size: 3319sq ft
Lot Size: 0.25 acres


Documents

Sales Brochure

Map of 1201 & 1205 25th Street, Richmond, VA, 23223

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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.