2012-2018 E Broad Street, Richmond, VA 23223

Property Description

This site offers a shovel ready for-sale development opportunity. At just under half an acre the site is fully entitled and permitted for the development of 18 housing units. The historic existing brick building is permitted for 10 apartments or condominiums and the remainder of the property has been platted for 8 parcels for the development of 8 three-story townhomes with modern aesthetic as approved by the City’s Commission of Architectural Review. A fully approved project in such a desirable location like this does not come along very often! This ideal location is situated within walking distance to Downtown’s Central Business District, Shockoe Bottom and the VCU Medical Center and offers a unique opportunity for an infill development on Richmond’s prominent East Broad Street. The approved townhouses range in size from 800 to 1,925 square feet and feature upper level living areas and garage parking. The approved multifamily plan includes the potential for one unit to be a commercial space and the loft style residential units are perfect for young professionals and medical students that flock to this part of the City.