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Waterfront Development Land
For Sale
Contact for pricing
Pending

401 & 421 W 7th Street, Richmond, VA 23224

Site above the James River with existing zoning allowing significant building height.

Property SizeContact for details
Days on Market146

Property Features for 401 & 421 W 7th Street

General Information

Standard status Pending
Property subtype Multifamily, Land
Listing Agency: One South Commercial
Listed By: Tom Rosman · License #VA 0225030879
Source: Crexi
Added: Apr 10 Changed: Sep 2 Last Checked: Sep 1 at 2:18AM

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 One South Commercial

Investment Insights

Based on property information with market context.

This approximately one-acre waterfront development site occupies an elevated position above the James River, with views toward the downtown Richmond skyline. Existing zoning allows building heights of up to 13 stories and supports a range of development concepts, including multifamily, mixed-use, hotel, and office projects.

The site is positioned in Manchester near the Central Business District and James River Park system. Restaurants and breweries are located next door, while the adjacent 7West townhouse development provides nearby residential context. The property is also described as suitable for a layout combining 15 skyline-facing townhouses with two condominium buildings totaling 60 units.

Key Highlights

  • Approximately one‑acre site above the James River
  • Existing zoning allows heights up to 13 stories
  • Development concepts include multifamily, mixed‑use, hotel, and office uses

Property Analytics

Current Use

Eagle Construction at McRae ... Construction Company

Suggested Use

Top Pick Locksmith Plumbing Service Veterinary Clinic Storage Facility (Bike/Boat/Book/etc) Store 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.

Location Intelligence

Trade Area within ½ mile

1,035
Businesses Nearby

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

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

What type of property is this?
Waterfront Land - Site above the James River with existing zoning allowing significant building height.
Where is this waterfront land located?
The property is located at 401 & 421 W 7th Street Richmond, VA.
What are key features of this property?
This property features: Approximately one‑acre site above the James River; Existing zoning allows heights up to 13 stories; Development concepts include multifamily, mixed‑use, hotel, and office uses
(804) 266-8831 Call to check price and availability
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