Land Development Site - Corner Lot with High Visibility
5721 Nine Mile Road Richmond Virginia 23223
$850,000
Welcome to 5271 and 5305 Nine Mile Rd, an exceptional land parcel, primed for redevelopment. Situated on the corner of Nine Mile Rd and Pleasant St, this property offers an unparalleled opportunity for sophisticated land developers to embark on a new project. In a market where affordable single-family homes are in high demand and short supply, this property presents an extraordinary opportunity. With its generous size of 3.546 acres, you have the canvas to create a premier residential development that meets the needs of discerning homebuyers. Beyond residential development, this property boasts exceptional potential for commercial use in this high visibility location. Whether envisioning a retail space, a restaurant, or any commercial endeavor, this property’s commanding presence and strategic location make it an ideal choice for sophisticated land developers with a keen eye for profitable opportunities.
The property at 5305 Nine Mile Rd also has a house. Built in 1955, the house is 1,156 SF and can be used as a rental property or as a part of your commercial endeavor.
Justin is a seasoned commercial real estate expert with over 15 years worth of experience. Having a widespread knowledge of the Richmond real estate market, Justin is comfortable handling many types of transactions, but his primary practice areas are multifamily and investment sales. Justin possesses a commanding knowledge of Richmond’s rental market, providing his clients with in-depth analysis of the competitive landscape and value-added solutions. Justin is a Richmond native and a graduate of Virginia Commonwealth University.
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
