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Sunny Market sold for $2,100,000
05/09/2011 6:20 AM by John M
A group called “913 North 25th Street Richmond” bought 913 N 25TH ST, 2515 P ST, and 2517 P ST on January 18, 2011, for a combined $2,100,000, from Group 5 Investments, who had purchased the properties in 2009 for $1,875,000.
The LLC is apparently filed in Nashville, Tennessee and has “National Registered Agents” of Arlington as the registered agent and has no names attached to it (as of yet).
Hopefully, they do something and it isn’t another company hoping for the property to go up another couple hundred thousand in value.
This property has consisently been resold with no apparent improvements every few years and community continues to suffer from this eyesore. Less than four years ago, it was available for $300,000. I don’t get it.
I drove by here the other day (maybe a week or so ago) and there was some work being done on the roof…maybe that’s a sign of good things to come?
They’ve also filled in the truck loading bay with what appears to be cement. Thankfully, we’ll no longer have any standing water issues whenever it rains!
Interesting…I heard the building will be renovated and turn into a dialysis center.
Are we becoming some kind of dialysis capital? Hills & Heights is reporting that the Blockbuster on Forest Hill is becoming a dialysis center.
Would be nice if something else came to this location other than a dialysis center. Granted, it’s better that than sit empty…
@Anne dialysis is used to treat renal failure which is caused (not exclusively) but most often in the US from diabetes.
it would be ironic if, in the midst of a lot of talk regarding the need for healthy food options in low-income urban areas, a former Supermarket were converted into a dialysis center. quite sad, but maybe more people will get the picture and work towards solving the problem instead of treating the effects.
Where are you getting this information? According to the Richmond Parcel Mapper, Group 5 bought if for $100,000. And it seems absurd to think this building fetched over two million given that the city assessment is around $600k. Buildings in Carytown in much better shape have lower sales prices. Something is amiss.
A good article about dialysis:
http://www.theatlantic.com/magazine/archive/2010/12/-god-help-you-youre-on-dialysis/8308/
@WRS – Check out also 2515 P ST, and 2517 P ST.
ALSO: http://www.richmondgov.com/Assessor/documents/2011/CommercialByClass2011.pdf
…and Ian, even when there *was* a supermarket there, at least the last time I was forced by circumstance to shop there, the healthy options were few and far between. Ragged produce, “cheese food” but no real cheese, practically nothing unprocessed…but plenty of soda, chips and frozen dinners.
i just skimmed over the article linked by @csb and i encourage others to read it as well. truly alarming.
@john_m, that’s even shadier. Those two parcels are combined for a mere 3605 square feet. 2515 P St was assessed by the city for $14,000 and 2517 P Street was assessed for $3,000 yet they both just sold for $1 million apiece. I’m confused…
From the Tennessee Secretary of State, the TN registered agent for this entity is Bond Oman. Mr. Oman is the CEO of Oman Gibson Associates, a real estate firm specializing in health care industry properties. http://www.oman-gibson.com/
Dialysis center sounds right.
What we need is a Wegman’s…
Well that kind of sucks. I was really hoping for a decent food store on the Hill. I live so close and use to be able to walk to Sunny when I forgot a single ingredient or needed something on the fly. I was really hoping for an AFFORDABLE food store that wasn’t a crappy beer market.
God help us if they open a health care center and not a high end grocery store. It will be the end of church hill as we know it.
OK, went by this place a couple weeks ago and doesn’t look any different than it did a year ago… what gives? Do people have money to burn to let a building just sit?
Eric – they have put some holes in the walls in the past few days as if opening them up for doors or windows. There are some building supplies piled up outside too.
any idea what is going on there?
Anyone checked to see if there’s anything on file with the city as to the development plan or anything else? Just curious. Would like to see something good happen there. Hope this stays at the top of the comments with positive things listed.
There are quite a few active permits issued (under alternate address 913 n 25th. The most telling applied for on January 10th “Interior Renovation To Existing Building For An Out Patient Dialysis Clinic”
http://eservices.ci.richmond.va.us/applications/permits/PermitDetails.aspx?p=B12011010