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1114 Marshall St Richmond, VA 23220

OFF-MARKET Commercial real estate Google Maps
0.22 ac lot
Estimated value
No estimation on file for this property yet.
Property ID

Property summary

AI-generated overview

This exceptional 0.22-acre lot presents a unique development opportunity in Richmond's vibrant Carver neighborhood. Situated just one mile from Virginia Commonwealth University (VCU), this property offers unparalleled proximity to the bustling academic environment and a diverse array of restaurants and businesses. The address is 1114 Marshall Street West. The lot's unique topography presents a significant advantage for developers. Currently one story below grade, the site is ideally suited for a basement or parking structure, allowing for at least two stories of above-grade construction. This translates to maximizing usable space and potentially increasing the overall value of the finished project. The location behind the Seigle Center ensures convenient access to amenities and services. The property is classified as "Other" and is being offered at $159,000. This represents a compelling investment opportunity for those seeking to capitalize on the high demand for housing and commercial space in this rapidly growing area of Richmond. The potential for a single-family home or a multi-unit development makes this a versatile and attractive proposition. Given its prime location and unique characteristics, this lot is expected to generate significant interest. Serious inquiries are encouraged to explore the possibilities this exceptional property offers.

Property profile

Verified
Property type Commercial real estate
Lot 0.22 ac (9,583 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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