FOR SALE | 2705 5th Ave Richmond, VA 23222
About This Property
Located in Highland Park Southern Tip , 2705 5th Avenue is the site of the historic Crawley’s Nursing home constructed in 1953. The existing building features 17,446 square feet of total floor area located on a 1.24 acre parcel.
As part of the Chestnut Hill-Plateau Historic District, this building offers an incredible opportunity for renovation as a multifamily development using historic rehabilitation tax credits.
Alternatively, this large parcel with mild topography is well-suited for new development. The R-6 zoning allows up to 12 new single-family residences to be constructed on this 250’x216’ parcel.
The adjacent existing multifamily complex to the south also makes a new multifamily development very possible on this site. In fact, preliminary architectural plans have already been completed for this property showing 30 units.
|Road Frontage||5th Ave|
|Zoning Desc.||R-6 Residential|