Steven Caruso - REMAX Distinctive
1001,1027,1031-1041 North Lombardy Street
, VA 23220

$4,400,000

Description

DEVELOPMENT OPPORTUNITY. Located in a state designated Opportunity Zone at the corner of N Lombardy Street and W Leigh Street in Richmonds Carver neighborhood, this 1.3 acre shovel-ready site offers a rare scalable value-add opportunity for infill residential development just steps away from Virginia Commonwealth University (VCU) and Virginia Union Universitys (VUU) campuses. The property is comprised of over half a city block with public ingress/egress on all four (4) sides of property and includes significant corner frontage at the signalized intersection of W. Leigh St. and N Lombardy. In addition, the property contains approximately 10,062 SF of fully leased improvements providing potential revenue stream during development phase. Perfect for condos, townhomes, or multifamily/mixed use.

Details

MLS#1827162
Sub-TypeResale
StatusActive
Year2010
Days On Site111

Features

Story(s)2

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Attachments

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Area Information

StateVA
Zip Code23220
Area10 - Richmond
Listing VS Median (in 23220)
Price:
$4,400,000
low | high
Med:
$369,950
100% of Average
On Site:
111
low | high
Med:
18
100% of Average
Listing Updated: 11/12/2018
MLS Number: 1827162
Listing Provided By:
Ann Schweitzer  of  One South Realty Group LLC