Storage options for all the new apartments that have been springing up in Manchester.
While not glamorous the argument could be made that any business is better than an empty parcel. It’s with that caveat that we post a 2.6-acre parcel at Cowardin Avenue and Perry Street has been cleared, and $5 million in building permits have been issued for a self-storage lot. Mini Price Storage which owns the lot currently has facilities (example seen above) in Chesterfield, Henrico, Richmond, and Norfolk.
The parcels have been in the center of a confusing mess of lawsuits and court filings.
The Christian Center sold a 17-parcel property, allegedly by mistake, to Parson Jr. in 2011 for less than $200,000. According to court filings, the church meant to sell only one small parcel. When confronted with the mistake, Parson Jr. allegedly said “Too bad, you should have read the deed.”
Parson, acting as SP Five Properties LLC, bought the land for $180,000. He then sold it to Mini Price Storage for $850,000 last year. The property was most recently assessed at $1.28 million.
The quote above is just one piece of this mess. To get a better understanding hit go to Richmond BizSense.com.
Image: Mini Price Storage