One South Commercial is pleased to present for sale two contiguous parcels combining for 1.80 acres in Richmond’s Bellemeade Neighborhood. The site measures approximately 500 feet by 155 feet in dimension.
Less than four miles from Downtown Richmond, this site benefits from being situated in a neighborhood featuring both established single and multifamily properties including Graystone Place Apartments and James River Villas. The site’s location also places it within a 30 minute drive from Metro Richmond’s largest employers including Altria Group, Dominion Virginia Power, Amazon, Virginia Commonwealth University, Bank of America, and local, state, and federal agencies.
Access to the site is provided from South Richmond’s most prominent streets including Jefferson Davis Highway, Commerce Road, and Bellemeade Road. Interstate access to all points throughout Virginia is also convenient with Bellemeade Road running parallel to I-95.
The property is zoned R-53 Multifamily making development options flexible for single or multifamily development. By-right development permitted under the current zoning includes up to:
- 63 Multifamily Units
- 16 Single Family Detached Units
- 24 Single Family Attached Units
High quality affordable housing in Richmond is more in demand than ever before. Large sites with zoning in place and ready for residential development are rarely available in Richmond, and this listing presents a prime opportunity for an investor looking for a site close to Downtown Richmond.
|Parcel ID||S0080237001, S0080237007|
|Zoning Desc.||R-53 Multifamily|
|Addl. Features||Close to Downtown Richmond|