Vacant-User
Townhome Development site in Richmond's Historic Church Hill
515 Chimborazo Blvd, Richmond, VA 23223
Listing Price: $3,000,000
Investment Overview
515 Chimborazo Blvd offers a rare 1.01-acre infill redevelopment opportunity in Richmond's historic Church Hill. The site may support a 20-unit upscale townhome concept under new MX-3 zoning. Projected sales residential units in $750,000–$1,000,000 range in a high-demand, affluent neighborhood with strong demographic growth. Flexible MX-3 zoning allows for mixed-use or residential development, and the property benefits from proximity to major employers and top educational institutions.
The property is currently improved with a 14,250-square-foot retail building and surface parking, offering near-term holding income potential and a longer-term residential redevelopment path.
Townhome Development site in Richmond's Historic Church Hill
Investment Highlights
- The sponsor's preliminary concept contemplates a 20-unit townhome community using a zero-lot-line configuration subject to proposed MX-3 zoning on site
- Development site for upscale townhomes ($750,000 - $1,000,000. price range proposed)
- Excellent location in Richmond's historic Church Hill.
Exclusively Listed By
Vacant-User
Townhome Development site in Richmond's Historic Church Hill
Listing Price: $3,000,000
Investment Highlights
- The sponsor's preliminary concept contemplates a 20-unit townhome community using a zero-lot-line configuration subject to proposed MX-3 zoning on site
- Development site for upscale townhomes ($750,000 - $1,000,000. price range proposed)
- Excellent location in Richmond's historic Church Hill.
Investment Overview
515 Chimborazo Blvd offers a rare 1.01-acre infill redevelopment opportunity in Richmond's historic Church Hill. The site may support a 20-unit upscale townhome concept under new MX-3 zoning. Projected sales residential units in $750,000–$1,000,000 range in a high-demand, affluent neighborhood with strong demographic growth. Flexible MX-3 zoning allows for mixed-use or residential development, and the property benefits from proximity to major employers and top educational institutions. The property is currently improved with a 14,250-square-foot retail building and surface parking, offering near-term holding income potential and a longer-term residential redevelopment path.
Exclusively Listed By
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