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    2711-2718 Marshall St Richmond, VA 23223

    Sponsored
    For Sale
    $2,200,000

    20,460 SF, R-8 Zoning, $2.2M

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 20,460 square foot commercial land parcel in Richmond, Virginia's desirable Church Hill Historic District presents a unique development opportunity. Located on E. Marshall Street, the property comprises two main lots (2712 & 2718) totaling 20,460 square feet (132' x 155'), featuring a 20-foot rear alley and a 10-foot alley along the western side. These lots currently include a 6,250 square foot warehouse and a 6,594 square foot office/garage, offering potential redevelopment scenarios. Additionally, four adjacent R-8 zoned residential lots (2711, 2713, 2715, & 2717), ranging from 4,185 to 4,805 square feet, are included in this offering. These lots, each 155 feet deep and between 27 and 31 feet wide, also benefit from alley access. The property's location within two blocks of numerous amenities ensures high buyer and renter interest. The Urban Business zoning allows for a variety of mixed-use development options, making this an ideal site for a multi-family project. Note that the Church Hill Historic District's Commission of Architectural Review (CAR) requires approval for demolition and exterior design of any new construction. This property is being offered as a single package and will not be sold separately. The asking price is $2,200,000.

    Property Features for 2711-2718 Marshall St

    General Information

    Property type
    Land

    HighLights

    • 2712: 10,850 SF lot (0.249 acres) with a 6,250 SF warehouse.
    • 2718: 9,610 SF lot (0.221 acres) with a 6,594 SF office/garage building.
    • 2711, 2713, 2715, & 2717 E. Marshall: Four R‑8 zoned lots.
    • 2711: 4,185 SF lot (27' x 155').
    • 2713: 4,805 SF lot (31' x 155').
    • 2715: 4,650 SF lot (30' x 155').
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market Grocery Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Richmond
    County
    Henrico county
    State
    Virginia
    Longitude
    -77.4161261
    Latitude
    37.5308631

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    FAQs

    What type of property is this?
    Land - 20,460 SF, R-8 Zoning, $2.2M
    Where is this land located?
    The property is located at 2711-2718 Marshall St Richmond, VA.
    What is the asking price?
    The asking price for this property is $2,200,000.
    What are key features of this property?
    This property features: 2712: 10,850 SF lot (0.249 acres) with a 6,250 SF warehouse.; 2718: 9,610 SF lot (0.221 acres) with a 6,594 SF office/garage building.; 2711, 2713, 2715, & 2717 E. Marshall: Four R-8 zoned lots.
    (804) 643-4700
    Request Owner's contact information
    2711-2718 Marshall St Richmond, VA 23223
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    Richmond, VA 23223
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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
    2711-2718 Marshall St Richmond, VA 23223
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