2705 5th Ave Richmond, VA 23222

$319,000
Price

Development Site
Property Type

1.24 AC
Parcel

Active Listing

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.

Additional Information

38
Walkability

41
Transit

Parcel IDN0000719019
Road Frontage5th Ave
Zoning Desc.R-6 Residential
Co-broker FeeYes

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