Two historic buildings in Scott’s Addition along the North Boulevard corridor have been snatched up in separate deals less than a week apart, Richmond BizSense reports. The first was announced Monday; the second today. Both deals are auto-related, which the area is no stranger to–auto shops and car dealerships have lined the road for decades, as you can see in the historic photo from 1978 above.
The first was the Woody’s Auto Service building near Aldi and the Cookie Factory Lofts:
Charlotte-based MPV Properties closed Monday on the Woody’s Auto Service building at 929 Myers St., beside the Cookie Factory Lofts and between the Aldi grocery store and the site of a planned bowling alley.
The 0.7-acre property, comprising two buildings totaling 9,225 square feet, was purchased for $1.43 million, according to city property records.
The second property was the North American Transmission building, which was sold to Midas of Richmond owner Mark Smith:
Mark Smith, owner of Midas of Central Virginia, which totals four locations including Midas of Richmond’s two shops, in Short Pump and near Willow Lawn, said he had been eyeing the North American Transmission building for years. The transmission shop had leased the building until it closed last year.
“I’d hunted that specific location for probably three years,” Smith said. “I love the market; I love the fit it has for other stores. I think there’s a great play to be made there.”
Redevelopment has been occurring in and around Scott’s Addition in earnest for the past five to seven years now, but the Boulevard corridor itself has seen renewed interest and energy just in the past few years. More deals are sure to follow as new development is planned in the area.