B-5 Zoned Development
For Sale
Contact for pricing
Pending
2723 E Cary St, Richmond, VA 23223
Land site zoned B-5 with potential for up to five-story multifamily development.
Property SizeContact for details
Days on Market140
Property Features for 2723 E Cary St
General Information
Standard status
Pending
Property subtype
Land
Listing Agency:
Colliers - Richmond, Virginia
Listed By:
Charles Wentworth · License #VA 0225200397
Source:
Crexi
Added: Apr 12
Changed: Aug 8
Last Checked: Apr 12 at 5:14AM
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 - Richmond, Virginia
Investment Insights
Based on property information with market context.
The property consists of a residential development land parcel zoned B-5. The site is described as located within an Opportunity Zone and offers the opportunity to develop dense multifamily product up to five stories in height.
Per the Richmond 300 Master Plan recently approved designations, the property’s location is identified within the Corridor Mixed Use district and as a focus area for growth over the next 20 years. The remarks further note the property is along the James River and supported by nearby parcels with Destination Mixed Use, Downtown Mixed Use, and Institutional designations.
Per the Richmond 300 Master Plan recently approved designations, the property’s location is identified within the Corridor Mixed Use district and as a focus area for growth over the next 20 years. The remarks further note the property is along the James River and supported by nearby parcels with Destination Mixed Use, Downtown Mixed Use, and Institutional designations.
Key Highlights
- Nearly 0.30‑acre land parcel at 2723 E Cary St. in Richmond’s Shockoe Bottom (Tobacco Row).
- Zoned B‑5 for future development, with potential for dense multifamily up to five stories.
- Located along the James River in the Corridor Mixed Use district under the Richmond 300 Master Plan.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,281
Businesses Nearby
Explore this area
Business Placement
Demographics for 23223, VA
51,960
Population
27,141
Households
1.9
Avg Household Size
35
Median Age
32%
College-Educated
90%
High-School Grad
16.7 sq mi
ZIP Area
3,111
Density / Sq Mi
$56,518
Median Household Income
$39,828
Median Earnings
$1,224
Median Rent
$236,300
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential land & home lot - Land site zoned B-5 with potential for up to five-story multifamily development.
Where is this residential land & home lot located?
The property is located at 2723 E Cary St Richmond, VA.
What are key features of this property?
This property features: Nearly 0.30‑acre land parcel at 2723 E Cary St. in Richmond’s Shockoe Bottom (Tobacco Row).; Zoned B‑5 for future development, with potential for dense multifamily up to five stories.; Located along the James River in the Corridor Mixed Use district under the Richmond 300 Master Plan.
