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1005 Westover Hills blvd

0.24 Acres of Commercial Land Offered at £548,355 in Richmond, VA 23225

Investment Highlights

  • Heavy Daytime Traffic
  • Multiple Options
  • Close to local attractions

Executive Summary

Highly sought after Forest Hill area!

Property Facts

Price £548,355
Sale Type Investment or Owner User
No. Lots 1
Property Type Land
Property Subtype Commercial
Proposed Use Mixed Use
Total Lot Size 0.24 AC

1 Lot Available

Lot 1

Price £548,355
Price Per AC £2,333,425
Lot Size 0.24 AC

Level

Description

Welcome to your opportunity to expand your portfolio with 8-12 condos or apartments coupled with commercial space in the highly sought-after Forest Hill area, just a block off Forest Hill Avenue. This versatile property offers the flexibility to either build a mixed-use development or bring your unique vision to life. Imagine the potential of an owner-occupied commercial space on the ground floor, complemented by rental income from the residences above. With plans already in place for commercial on the ground floor and two-story condos or apartments, you can hit the ground running. Plus, with the special use permit (SUP) already approved, you can streamline the development process. Enjoy the convenience of being within walking distance to popular local spots like Little Nickel, Stella’s Grocery, The Veil Brewing Co., and Blanchard’s Coffee, as well as being close to the picturesque James River. Don't miss out on this prime opportunity to invest in one of Richmond's most popular neighborhoods!

Walk Score ®
Very Walkable (78)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
S006-0371-001
Land Assessment
£81,267
Improvements Assessment
£0
Total Assessment
£81,267

zoning

Zoning Code R-5 (Multi-Family Vacant R43 & R48)
R-5 (Multi-Family Vacant R43 & R48)
  • Listing ID: 31558881

  • Date on Market: 19/04/2024

  • Last Updated:

  • Address: 1005 Westover Hills blvd, Richmond, VA 23225

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