1129 Hull Street, Richmond, VA 23224

Property Description

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, an high-end restaurant, an art gallery, or a brewery. 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.