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Multifamily Mixed-Use Development Opportunity
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2500 N Lombardy St, Richmond, VA 23220

For-sale multifamily/mixed-use development opportunity near Union University in Richmond, VA.

Property SizeContact for details
Lot Size1.69 Acres
Days on Market364

Property Features for 2500 N Lombardy St

General Information

Standard status Active
Lot size 1.69 Acres
Property subtype LAND
Listing Agency: S.L. Nusbaum Realty Co - Corporate
Listed By: Reid Cardon · License #0225205935
Source: Moodyscre
Added: Aug 7, 2025 Changed: Jul 27 Last Checked: Aug 5 at 6:23AM

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 S.L. Nusbaum Realty Co - Corporate

Investment Insights

Based on property information with market context.

S. L. Nusbaum Realty Co is pleased to present a multifamily/mixed-use development opportunity near Virginia Union University in the city of Richmond. The property is offered for sale.

Located at 2500 N Lombardy St in Richmond, VA, this opportunity is being marketed as a development concept suitable for parties looking to explore multifamily and mixed-use potential in the surrounding area.

Key Highlights

  • For‑sale multifamily/mixed‑use development opportunity near Union University in Richmond, VA

Property Analytics

Current Use

Gortney Body Shop Auto Repair Shop

Suggested Use

Top Pick Law Firm Real Estate Agency Dental Office Cafe & Coffee Shop Furniture & Home Goods Skin Care Clinic

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

Location Intelligence

Trade Area within ½ mile

968
Businesses Nearby

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

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025
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Frequently Asked Questions

What type of property is this?
Multifamily property - For-sale multifamily/mixed-use development opportunity near Union University in Richmond, VA.
Where is this multifamily property located?
The property is located at 2500 N Lombardy St Richmond, VA.
What is the asking price?
The asking price for this property is $5,500,000.
What are key features of this property?
This property features: For‑sale multifamily/mixed‑use development opportunity near Union University in Richmond, VA
(804) 683-0361 Call to check price and availability
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