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    1114 Marshall St Richmond, VA 23220

    Sponsored
    For Sale
    $159,000

    Prime 0.22-acre lot near VCU

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    338
    This exceptional 0.22-acre lot presents a unique development opportunity in Richmond's vibrant Carver neighborhood. Situated just one mile from Virginia Commonwealth University (VCU), this property offers unparalleled proximity to the bustling academic environment and a diverse array of restaurants and businesses. The address is 1114 Marshall Street West. The lot's unique topography presents a significant advantage for developers. Currently one story below grade, the site is ideally suited for a basement or parking structure, allowing for at least two stories of above-grade construction. This translates to maximizing usable space and potentially increasing the overall value of the finished project. The location behind the Seigle Center ensures convenient access to amenities and services. The property is classified as "Other" and is being offered at $159,000. This represents a compelling investment opportunity for those seeking to capitalize on the high demand for housing and commercial space in this rapidly growing area of Richmond. The potential for a single-family home or a multi-unit development makes this a versatile and attractive proposition. Given its prime location and unique characteristics, this lot is expected to generate significant interest. Serious inquiries are encouraged to explore the possibilities this exceptional property offers.

    Property Features for 1114 Marshall St

    General Information

    Property type
    Other commercial real estate
    Lot Size
    9,583 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Law Firm Restaurant Dental Office Spa & Massage Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Richmond
    County
    Richmond City
    State
    Virginia
    Longitude
    -77.45081
    Latitude
    37.5525

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    FAQs

    What type of property is this?
    Commercial real estate - Prime 0.22-acre lot near VCU
    Where is this commercial real estate located?
    The property is located at 1114 Marshall St Richmond, VA.
    What is the asking price?
    The asking price for this property is $159,000.
    (804) 349-5788
    Request Owner's contact information
    1114 Marshall St Richmond, VA 23220
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    Richmond, VA 23220
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1114 Marshall St Richmond, VA 23220
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