Apartment Project with Ground-Floor
For Sale
Contact for pricing
Pending
15 W 7th St, Richmond, VA 23224
Entitled 173-unit apartment project with 3,500 sf ground-floor retail and two-story below-grade parking.
Property SizeContact for details
Days on Market150
Property Features for 15 W 7th St
General Information
Standard status
Pending
Property subtype
Multifamily
Additional Details
Opportunity Zone
Yes
Multifamily Units
173
Listing Agency:
Colliers - San Francisco, California
Listed By:
Jeremy Thornton · License #CA 01724542
(310) 200-7676
Source:
Crexi
Added: Apr 12
Changed: Aug 14
Last Checked: Sep 7 at 3:38AM
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 Colliers - San Francisco, California
Investment Insights
Based on property information with market context.
The development is an entitled 173-unit apartment project with 3,500 square feet of ground-floor retail. The planned structure includes 2-story below-grade parking, with vertical construction expected to commence in December 2021 and projected delivery of the first units in February 2023. The site is scheduled for land acquisition to close in September 2021, followed by site work shortly thereafter.
Located at 15 W 7th St in Richmond, Virginia’s Manchester neighborhood, the project is described as being in close proximity to the downtown core. The site is within a Qualified Opportunity Zone. According to the project materials, the total development cost is $41,613,000, including the retail component.
Located at 15 W 7th St in Richmond, Virginia’s Manchester neighborhood, the project is described as being in close proximity to the downtown core. The site is within a Qualified Opportunity Zone. According to the project materials, the total development cost is $41,613,000, including the retail component.
Key Highlights
- Fully entitled for a 173‑unit apartment project with 3,500 SF of ground‑floor retail in Richmond, VA (Manchester neighborhood).
- Includes two‑story below‑grade parking as part of the development plan.
- Land acquisition scheduled to close in September 2021, with site work to begin shortly after closing.
Property Analytics
Property Profile
Current Use
Lease Details
173
Residential units
Location Intelligence
Trade Area within ½ mile
993
Businesses Nearby
Explore this area
Business Placement
Demographics for 23224, VA
39,468
Population
18,201
Households
2.2
Avg Household Size
33
Median Age
19%
College-Educated
80%
High-School Grad
11.6 sq mi
ZIP Area
3,402
Density / Sq Mi
$49,263
Median Household Income
$36,275
Median Earnings
$1,268
Median Rent
$189,200
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Apartment building - Entitled 173-unit apartment project with 3,500 sf ground-floor retail and two-story below-grade parking.
Where is this apartment building located?
The property is located at 15 W 7th St Richmond, VA.
What are key features of this property?
This property features: Fully entitled for a 173‑unit apartment project with 3,500 SF of ground‑floor retail in Richmond, VA (Manchester neighborhood).; Includes two‑story below‑grade parking as part of the development plan.; Land acquisition scheduled to close in September 2021, with site work to begin shortly after closing.
