SVN/Motleys to conduct accelerated sale of 56 properties in Richmond

  •   October 31, 2017

Richmond, VA  – SVN/Motleys, a founding partner of SVN Accelerated Sales – in conjunction with the City of Richmond – will conduct the accelerated sale of 53 city-owned and 3 consignment properties. The sale comprises 28 homes, 20 residential building lots, 3 commercial building lots, 1 multifamily building and 1 specialty property (school), in addition to the 3 consignment listings (1 condo and 2 lots).

Offers may be made starting at 4 p.m. Wednesday, Nov. 15, at the offices of SVN/Motleys at 3600 Deepwater Terminal Road in Richmond. Online offers can be submitted now at svnmotleys.com.

One property pointed out by Tim Dudley, CAI, AARE, senior advisor for SVN/Motleys, is the two-story building that housed the former Crawley’s Nursing Home in the historic Chestnut Hill District of Richmond.

“This landmark property is an excellent investment opportunity,” said Dudley, noting the site is within walking distance to retail stores and parks. “It’s ideal for an apartment complex, and the real estate market in the district has been vibrant lately. That’s likely to continue.”

The 14,576-square-foot structure sits on a 1.24-acre lot and its 2017 tax assessment was $360,000. It was built in 1953.

Details on the properties are available now and registration to participate in the accelerated sale is underway.

About SVN Accelerated Sales

SVN Accelerated Sales is a provider of date-specific sales and special asset solutions. It encompasses an elite group of local and regional accelerated marketing advisors throughout the United States who specialize in accelerated marketing services for commercial real estate assets. SVN Accelerated Sales offers the industry’s most comprehensive spectrum of auction solutions — from rapid asset resolution and 30-day countdown asset sales to wide area and high impact/high promotion events. As part of one of the most recognized and reputable commercial real estate firms in the industry, SVN Accelerated Sales is supported by SVN International, which features 200 locations serving more than 500 markets. This relationship provides outstanding opportunities for SVN Accelerated Sales to serve clients needing to move assets in accelerated timeframes and creates significant value for buyers and sellers.  For more information, visit SVN Accelerate Sales.

Contacts

Tim Dudley, CAI, AARE, senior advisor, SVN/Motleys / 804-822-3131 tdudley@svn.com

Ken Zeszutko, Z-Corp PR / 321-213-1818