Building includes residential and retail space
Released
August 13, 2021
from
Kate Andrews
1300 MacTavish Avenue in Richmond. Photo courtesy of Cushman & Wakefield | Thalhimer
53,392 square foot mixed use property in Richmond sold for $ 10.8 million, Cushman & Wakefield | The Thalhimer Capital Markets Group announced on Friday. The 1.81 acre property was sold by a company jointly managed by Richmond-based Fountainhead Development and Lynx Ventures.
The building at 1300 MacTavish Ave. Scott’s Addition has 13 homes and 42,892 square feet of commercial space currently rented to three tenants. The property also has on-site parking and the right to park on an adjacent property. Raleigh-based Hem & Spire LLC purchased the property from ADC II LLC, represented by Catharine Spangler and Jeff Cooke of Thalhimer.