An eight-year-old historic tax credit rehab apartment project behind VCU’s campus is on the market.
The Home Brewery apartment building at 1201 W. Clay St. in Carver is listed for sale at $4.3 million.
“The owner, Jim Hart, is retiring, and he’s looking to pare down his assets a bit,” said Blake Poore, a broker with Joyner Commercial who is representing the space. “We put it on the market about six weeks ago, and we’ve done a dozen showings. It seems to be generating some interest.”
The 33,000-square-foot building was constructed in 1891 and used to house the Richmond Brewing Company, followed by the Home Brewing Company, which brewed Richbrau beer, according to the book “American Breweries of the Past.”
The brewery closed in 1969 and was developed into 37 apartments in 2004.
The property is 100 percent leased, Poore said, and has 42 interior and exterior parking spots.
Last year, a foreclosed 47-unit historic tax credit project in Shockoe Bottom sold for $3 million. George Emerson and Phil Roper in May purchased Shockoe Place Apartments, which was about 90 percent occupied at the time.