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Property profile & analytics
OFF-MARKET
Land

2711-2718 Marshall St Richmond, VA 23223

Property ID
Property summary
AI-generated overview

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 profile
Verified
Property type Land
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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