Property profile

1591 Darbytown Rd Richmond, VA 23231

FOR SALE
Commercial real estate
Property ID
US87-0065725
2,255 SF 1.61 ac lot Built 1938
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Property summary

AI-generated overview

This exceptional 1.86-acre property in Richmond, VA, presents a unique development opportunity. The site comprises eight contiguous parcels, strategically located on Darbytown Road and accessible from two roads and an alley, forming a convenient rectangular shape. The property boasts 2,255 square feet of existing building space across two lots with existing houses, and all utilities are readily available at the street. The land is zoned M1, allowing for a wide range of uses, including those permitted under B1, B2, and R6 zoning classifications. Permitted uses are extensive and include, but are not limited to: places of worship, townhouses (up to 12 units per acre), multifamily dwellings (up to 19.8 units per acre), assisted living facilities, nursing homes, continuing care facilities, retail establishments, service businesses, recreational facilities, warehouses, manufacturing facilities, microbreweries, car washes, shopping centers, animal hospitals, and kennels. This versatile zoning and the property's size and configuration make it ideal for a variety of mixed-use developments. The address encompasses 00 Acton St and 1591, 1593, 1595, 1597, 1599, and 00 Darbytown Rd. This is a rare opportunity to acquire a substantial assemblage of land in a desirable Richmond location with significant development potential. The asking price is $675,000.

Property profile

Verified
Property type Commercial real estate
Year built 1938
Total area 2,255 SF
Lot 1.61 ac (70,132 SF)
UPID US87-0065725

Cap rate & NOI

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

Location

1591 Darbytown Rd Richmond, VA 23231
Richmond metro
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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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