Richmond, VA 23225 700 W 44TH Street
$2,200,000
Sold: Apr 12, 2024
7 more
Presented By: Lory Markham with One South Commercial LLC.
- MLS# 1935787
- 09/27/2019
Home Details
This listing offers an extremely unique opportunity to build high density rental or for sale product less than four miles from Downtown Richmond. Located in the fast growing and popular Northrop/Forest Hill Terrace neighborhoods, this 6.6 acre parcel features completed title work and clean phase 1.
The property is currently zoned R-48 Multifamily and offers the flexibility for development for rental or for sale products. Current zoning permits up to 140 units multifamily units to be developed on the 6.6 acre parcel. Alternatively, the property could potentially be subdivided into an estimated 35 single-family detached parcels or 65 attached parcels and units.
Presented By: Lory Markham with One South Commercial LLC.
General for 700 W 44TH Street
Additional Parcels Y/NNo
Attached Garage No
Buyer FinancingConventional
Carport Y/NNo
Close Price2000000.0
CountyRichmond City
Days on Market564
ElectricNone
Elementary SchoolWestover Hills
Garage Y/NNo
HOA / Comm AssnNo
High SchoolRichmond High School for the Arts
Home Warranty Y/NNo
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
MLS Area60 - Richmond
Middle/Junior High SchoolLucille Brown
MobileHomeRemainsYNNo
New ConstructionNo
Ownership TypeCorporation
Percent OwnershipCorporate
Property Attached Y/NNo
Property TypeLand
Rent Control Y/NNo
Senior Community Y/NNo
SewerNone
Standard StatusClosed
StatusClosed
Street Name44th
Subdivision NameForest Hill Terrace
Tax Annual Amount624.0
Tax Assessed Value52000
Tax Year2019
UtilitiesNaturalGasNotAvailable, PhoneNotAvailable
View Y/NNo
Waterfront Y/NNo
Zoning DescriptionR-48
Interior for 700 W 44TH Street
Air Conditioning Y/NNo
Basement (Y/N)No
Electric On Property Y/NNo
Fireplace Y/NNo
Full Baths0
Half Baths0
Heating Y/NNo
Street SuffixStreet
Total Baths0
Exterior for 700 W 44TH Street
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot Size Acres6.58
Lot Size Area6.58
Lot Size UnitsAcres
Open Parking Y/NNo
SpaNo
Water SourceNone
Kay Shobe
Associate