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Surface Parking Lot with Alley Access
For Sale
$199,900
Pending

214 W Marshall Street, Richmond, VA 23220

Surface parking lot with a curb cut on Marshall St and access from a public alley at the rear.

Property SizeContact for details
Lot Size0.09 Acres
Days on Market875

Property Features for 214 W Marshall Street

General Information

Standard status Pending
Lot size 0.09 Acres
Property subtype Lots/Land

Site & Location

Neighborhood Mnwd
Road Access Yes

Additional Details

Opportunity Zone Yes

Taxes and HOA fees

Annual Taxes $1,884
Listing Agency: Samson Properties
Listed By: John Innes · License #0225234991
Source: Exitrealty
Added: Jun 4, 2024 Changed: Oct 25 Last Checked: Jul 16 at 6:38PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Samson Properties

Rey
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Investment Insights

Based on property information with market context.

This 3,900 SF lot in Jackson Ward is currently being used to generate income as surface parking. The property has an existing curb cut on Marshall St and can also be accessed from the public alley in the back.

The site is described as being located in an opportunity zone. It sits across from the Richmond Dairy apartments and is within walking distance to restaurants in the area.

According to the remarks, the lot was previously the site of a single-family home and now offers parking revenue while a development plan is pursued, including waiting for SUP approvals.

Key Highlights

  • 3900 SF lot in Jackson Ward currently used as surface parking to generate income
  • Curb cut on Marshall St for vehicle access
  • Accessible from a public alley at the rear

Property Analytics

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Open Analytics

Current Use

Parking lots & garages

Suggested Use

Top Pick Plumbing Service (Bike/Boat/Book/etc) Store Veterinary Clinic Carpet & Flooring Store Tanning Salon Home Appliance Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes
Paved road access

Location Intelligence

Trade Area within ½ mile

3,611
Businesses Nearby
Well-served
Demand for This Use

Demographics for 23220, VA

36,942
Population
16,561
Households
2.2
Avg Household Size
27
Median Age
59%
College-Educated
94%
High-School Grad
4.8 sq mi
ZIP Area
7,696
Density / Sq Mi
$56,681
Median Household Income
$33,249
Median Earnings
$1,354
Median Rent
$468,900
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Frequently Asked Questions

What type of property is this?
Parking lot & garage - Surface parking lot with a curb cut on Marshall St and access from a public alley at the rear.
Where is this parking lot & garage located?
The property is located at 214 W Marshall Street Richmond, VA.
What is the asking price?
The asking price for this property is $199,900.
What are key features of this property?
This property features: 3900 SF lot in Jackson Ward currently used as surface parking to generate income; Curb cut on Marshall St for vehicle access; Accessible from a public alley at the rear
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