3740 Charles City Rd, Richmond, VA 23231

Bankruptcy - 28 Acre development parcel with potential rental house, offered via online auction! Sited less than a mile to Richmond International Airport and approximately three miles to I-295 and 895/Pocahontas Parkway access, this parcel offers potential near-term rental income plus huge development upside. Tremendous road frontage, with over 2,000 feet on Beulah Rd and 650+ feet on Charles City Road Currently zoned agricultural, the Property is master planned by Henrico County for industrial zoning. According to Henrico County, the house was built in 1910 and contains +/-2,300s/f. It is a value-add opportunity with (4) bedrooms and (3) baths. Three tax parcels sold together. The Backstory: Upon information and belief, the Property may require remediation to comply with certain county regulations. The County has indicated that it will work with a buyer to resolve such issues, which may include regrading the area of fill to a more environmentally friendly 3:1 slope and remediating an approximately 0.1 acre area of wetland in which fill encroached. Additional funds currently held in escrow may be available to help offset such costs. Please see property KEY5046 on our website at https://www.tranzon.com/key5046 for more information. Tranzon Key, VAAF423