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    104 Charity St Richmond, VA 23219

    Sponsored
    For Sale
    $450,000

    Prime 0.071-acre lot, R-53 zoning.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 0.071-acre commercial and residential land parcel, located at 104-106 East Charity Street in Richmond, Virginia (zip code 23219), presents a unique redevelopment opportunity. Situated in the vibrant heart of Richmond, this property benefits from its proximity to several key areas, including the burgeoning Jackson Ward neighborhood, the prestigious Virginia Commonwealth University (VCU) and Virginia Union University (VUU) campuses, and the revitalized downtown Richmond core. The lot is conveniently located on a GRTC bus line, ensuring easy access to public transportation. Adding to its appeal, the property is just steps away from the Richmond 300 Project's bridge deck, connecting it to the ongoing revitalization efforts in the area. The R-53 zoning designation offers flexibility for a variety of development projects. Furthermore, the site's location is enhanced by the recent completion of 14 new apartments in the nearby renovated historic Maggie Walker's bank, The St. Luke Building, indicating a strong trend of investment and development in the immediate vicinity. This prime location and zoning make this property an attractive investment for developers seeking to capitalize on Richmond's thriving real estate market. The asking price for this exceptional opportunity is $450,000.

    Property Features for 104 Charity St

    General Information

    Property type
    Land
    Lot Size
    3,093 SF

    HighLights

    • $450,000 asking price.
    • 0.071‑acre commercial and residential land parcel.
    • R‑53 zoning.
    • Located in Richmond, VA, at 104‑106 East Charity Street, zip code 23219.
    • Near the renovated St. Luke Building (14 new apartments), Jackson Ward, VCU, VUU, and Downtown Richmond.
    • Situated on a GRTC bus line.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Building Supply Spa & Massage Law Firm Wholesale Shop Dental Office Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Richmond
    County
    Richmond City
    State
    Virginia
    Longitude
    -77.434733960999
    Latitude
    37.551179257115

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    FAQs

    What type of property is this?
    Land - Prime 0.071-acre lot, R-53 zoning.
    Where is this land located?
    The property is located at 104 Charity St Richmond, VA.
    What is the asking price?
    The asking price for this property is $450,000.
    What are key features of this property?
    This property features: $450,000 asking price.; 0.071-acre commercial and residential land parcel.; R-53 zoning.
    (804) 320-7600
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    104 Charity St Richmond, VA 23219
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    Richmond, VA 23219
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    104 Charity St Richmond, VA 23219
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