1114 Marshall St Richmond, VA 23220
- Commercial real estate
- 0.22 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 1114 Marshall St
- Lot size
- 0.22 lot acres
- Property type
- Commercial real estate
Description
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.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Richmond
- County
- Richmond City
- State
- Virginia
- Longitude
- -77.4508
- Latitude
- 37.5525
