$2,000,000
$2,200,000
9.1%For more information regarding the value of a property, please contact us for a free consultation.
700 W 44th ST Richmond, VA 23225
6.58 Acres Lot
Key Details
Sold Price $2,000,000
Property Type Vacant Land
Listing Status Sold
Purchase Type For Sale
Subdivision Forest Hill Terrace
MLS Listing ID 1935787
Sold Date 04/12/24
HOA Y/N No
Annual Tax Amount $624
Tax Year 2019
Lot Size 6.580 Acres
Acres 6.58
Property Description
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.
Location
State VA
County Richmond City
Community Forest Hill Terrace
Area 60 - Richmond
Exterior
Utilities Available Natural Gas Not Available, Phone Not Available
Waterfront No
Building
Sewer None
Water None
Schools
Elementary Schools Westover Hills
Middle Schools Lucille Brown
High Schools Richmond High School For The Arts
Others
Tax ID S005-3315-011
Ownership Corporate
Financing Conventional
Special Listing Condition Corporate Listing
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Bought with Non MLS Member