Property Description

3 contiguous residential development parcels in Richmond, Va are being sold through a virtual auction. List price does not reflect final sale price. Sale is subject to seller confirmation.Virtual auction ends December 15th at 2 PM on listing brokerage website. There is a 10% buyers premium added to the high bid. Property will convey AS-IS. Review full due diligence, studies, plats, and packets on the Brokerage website. Rare City of Richmond infill development opportunity! ±6.04 acres across 3 contiguous parcels in the established Scottsdale neighborhood of South Richmond, offered together as one tract. Zoned R-4 Single-Family. The City has confirmed in writing 30 independent lots of record, with no rezoning and no final subdivision required to build. Built-in upside: City Planning staff drew their own alternative layout showing up to 41 single-family homes on 40' x 125' lots and indicated support through a Special Use Permit. Underwrite at 30 lots by right with a staff-supported path to higher density. The engineer's concept plan shows 30 two-story homes with 3-4 bedrooms, 2.5-3 baths and attached garages. Platted 60' lots suit traditional two-story homes, while the 40' layout suits narrower, attainable product. Much of the early due diligence is already done: City Zoning Confirmation Letters, engineering feasibility study, 30-lot concept plan and utility plan, a completed pre-development meeting with written comments from Planning, Public Works, Public Utilities and Fire, recorded plats, GIS utility and topo maps, and environmental reports. FEMA Flood Zone X and outside the Chesapeake Bay RPA. Platted public streets (Bashford Ln, Lanewood Dr & Leafy Ln) and City utilities end at the property line, surrounded by established single-family homes. Adjoining vacant land offers assemblage potential for a larger project. Vacant, wooded land ready for your vision. Full due diligence package available to qualified buyers. An ideal opportunity for builders & developers seeking new construction in the City of Richmond.

Property Features

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