Development Opportunity
1033 Forestview Drive Colonial Heights Virginia 23834
$285,000
Located in the Colonial Heights’ Sherwood Hills neighborhood, this property presents a great development opportunity with the potential to build 7 homes. The lots have already received preliminary approval, removing risk and making the development process predictable. Additionally, public utilities are available, ensuring convenient access to essential services. The property is located minutes from convenient shopping centers and the popular Swift Creek Mill Theater. The property also boasts scenic creek frontage adding to the property’s appeal and providing a tranquil and picturesque environment for future homeowners. The property is situated in an established and well-maintained neighborhood. The surrounding homes in Sherwood Hills have values ranging from $350,000 to $400,000, indicating that the area is desirable and has a strong housing market. Having preliminary approvals in place – this development opportunity is priced to sell!
ABOUT COLONIAL HEIGHTS, VA
Colonial Heights, Virginia, presents an exceptional opportunity for commercial development in a rapidly growing region. Located just south of Richmond, the city is strategically positioned along Interstate 95, offering unparalleled access to major markets and transportation networks. This prime location makes Colonial Heights an ideal spot for businesses looking to establish a foothold in the heart of Central Virginia. The city is experiencing significant growth, driven by its strong economic base and supportive local government. Colonial Heights is home to a vibrant retail sector, anchored by Southpark Mall, which attracts a steady stream of visitors from across the region. This retail hub, along with a diverse mix of local businesses, creates a thriving economic environment ripe for further commercial development.
Colonial Heights is committed to fostering a business-friendly atmosphere, with streamlined processes and incentives for new developments. The city offers a range of potential sites suitable for various types of projects, from retail and office spaces to mixed-use developments. Developers will find a receptive community eager to support innovative projects that enhance the local economy and improve quality of life. With its rich history, beautiful natural surroundings, and robust infrastructure, Colonial Heights is an attractive destination for developers seeking to capitalize on emerging opportunities. The city’s strategic location, growing population, and commitment to progress make it a prime location for commercial ventures poised for success. Explore the potential of Colonial Heights and join a community ready to welcome new growth and development.
Born and raised on a Virginia farm just outside the City of Richmond, Lory Markham has always been fascinated by settlement patterns and how urban growth happens. Her professional history, market knowledge, and passion for making places better equip her to work toward the continued growth of Richmond.
Lory graduated summa cum laude from Hollins University and earned her MA in Urban and Environmental Planning at the University of Virginia’s School of Architecture. After two years at the Richmond Regional Planning District Commission, she continued her public service at the City of Richmond. As Principal Planner for the City of Richmond, Lory served as Secretary to the city’s Planning Commission and managed the review of all development projects in the City that needed special approval. Her contributions to development in the City were recognized in her selection as a “Top 40 Under 40” by Style Weekly.
After over a decade of experience in with the City of Richmond, Lory started a planning consulting company, Markham Planning, and joined One South Commercial as a commercial agent. Her extensive knowledge of the Richmond market, zoning and development review process, historic tax credits, and neighborhood development has made her a prominent figure in the Richmond real estate market. And her focus remains in making places better and maximizing their potential.
Chris is a Richmond native and industry veteran with extensive experience in real estate investment and development. For 13 years he served as Principal and in-house Broker with Riverstone Properties, managing and growing a diverse portfolio for one of Virginia’s prominent families. This provided the opportunity to work in all sectors of commercial real estate.
Prior to joining Riverstone, Chris served as a Vice President and Project Manager with East West Partners of Virginia for 10 years. He holds an MBA with a concentration in Real Estate Development from VCU and an undergraduate degree from East Carolina University.
In 2024, Chris started his consulting company, Double C Real Estate, and joined One South Commercial as an Associate Broker to draw on his experience and help families, businesses and investors evaluate, optimize and grow their commercial real estate holdings.
DISCLAIMER: This offering memorandum is intended as a reference for prospective purchasers in the evaluation of the property and its suitability for investment. Neither One South Commercial nor Seller make any representations or warranties with respect to the accuracy or completeness of the materials contained in the offering memorandum. Prospective purchasers should evaluate the property independently and rely solely on such independent evaluation in determining whether to purchase the property. The offering memorandum, pricing, and terms therein are subject to change or withdrawal at the discretion of Seller and One South Commercial, as Seller’s exclusive representative. *Information provided deemed reliable but not guaranteed