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Entitled Mixed-Use Development Site

5728 Patterson Avenue, Richmond, VA 23226

For Sale
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The approved plan allows a four-floor project with covered parking at a signalized corner in Richmond.

Property SizeContact for details
Days on Market54

Property Features for 5728 Patterson Avenue

General Information

Standard status Active
Property subtype Mixed Use

Site & Location

Neighborhood Whmp
Listing Agency: Cushman & Wakefield Thalhimer - Glen Allen, Virginia
Listed By: Reilly Marchant · License VA #0225213870
Source: Crexi
Added: Sep 22 Changed: Nov 6 Last Checked: Nov 12 at 8:10AM

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 Cushman & Wakefield Thalhimer - Glen Allen, Virginia

Rey
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Investment Insights

Based on property information with market context.

At the Patterson Avenue and Libbie Avenue intersection, this 0.42-acre property includes an existing 8,335-square-foot building. An approved SUP supports a mixed-use development of approximately 28,000 square feet across four floors, with covered parking. The parcel has frontage on both streets and occupies a signalized corner.

The property is in Richmond, within one mile of the University of Richmond, St. Catherine's and St. Christopher's schools, The Country Club of Virginia, and St. Mary's Hospital.

Key Highlights

  • Approved SUP for approximately 28,000 square feet across four floors, with covered parking
  • 0.42‑acre property with an existing 8,335‑square‑foot building
  • Dual frontage on Patterson Avenue and Libbie Avenue at a signalized intersection

Property Analytics

Who owns this building? See the owner, sales and loan history
Open Analytics

Current Use

Westhampton Pastry Shop Wedding Service

Suggested Use

Top Pick Building Supply Parking Lot & Garage Big Box & Wholesale Store (Bike/Boat/Book/etc) Store Grocery & Convenience Store Barber Shop

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

1,847
Businesses Nearby

Demographics for 23226, VA

16,955
Population
7,827
Households
2.2
Avg Household Size
38
Median Age
75%
College-Educated
95%
High-School Grad
5.6 sq mi
ZIP Area
3,028
Density / Sq Mi
$126,554
Median Household Income
$70,786
Median Earnings
$1,725
Median Rent
$496,300
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Average Price Trend$/SF for Mixed-use properties in Richmond, VA

$231 Jul
$238 Aug
$310 Sep
$300 Oct

Properties on Market for Mixed-use properties in Richmond

Jul
Aug
Sep
Oct

Vacancy Rate% for Office in Richmond, VA

5.7% 2019
7.2% 2020
7% 2021
8.2% 2022
8.4% 2023
12.1% 2024
11.8% 2025

Frequently Asked Questions

What type of property is this?
Mixed-use property - The approved plan allows a four-floor project with covered parking at a signalized corner in Richmond.
Where is this mixed-use property located?
The property is located at 5728 Patterson Avenue Richmond, VA.
What are key features of this property?
This property features: Approved SUP for approximately 28,000 square feet across four floors, with covered parking; 0.42‑acre property with an existing 8,335‑square‑foot building; Dual frontage on Patterson Avenue and Libbie Avenue at a signalized intersection
(804) 697-3478 Call to check price and availability
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