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2007 Cedar St - 2007 Cedar St Multifamily Development 0.08 Acres of Commercial Land Offered at £299,027 in Richmond, VA 23223

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EXECUTIVE SUMMARY

A prime development opportunity is located in the heart of Church Hill, RVA. This fully designed, approved and ready-to-build 5-unit multifamily offers a streamlined construction timeline and deal flow. Strategically positioned just steps from the popular Jefferson Park and an array of neighborhood amenities, the property is ideally situated to attract tenants in a high-demand rental market. With the convenience of off-street parking, future residents will appreciate the ease of access and enhanced lifestyle offerings. In addition to its exceptional location and regulatory approvals, the development is engineered to deliver strong income potential, with detailed rental projections available upon request that underscore its promise for robust cash flow and long-term value appreciation. Whether you are a seasoned real estate investor looking to expand your portfolio or a newcomer eager to seize a unique opportunity in one of Richmond’s most dynamic neighborhoods, this multifamily deal presents a compelling combination of location, design, and financial upside. Please note that the image is an artist rendering of the final constructed building. Contact us today for more detailed information.

PROPERTY FACTS

Price £299,027
Sale Type Investment
No. Plots 1
Property Type Land
Property Subtype Commercial
Proposed Use Build-to-Rent
Total Plot Size 0.08 ac
Opportunity Zone Yes
Use Class Approved Special Use

1 PLOT AVAILABLE

Plot

Price £299,027
Price Per ac £3,934,560.65
Total Plot Size 0.08 ac
Walk Score®
Easily Walkable (85)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures how walkable a location is.
Transit Score® measures access to public transport.
Bike Score® measures how accessible a location is by bike
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures how walkable
a location is. Transit Score®
measures access to public transport. Bike Score®
measures how accessible a location is by bike®

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
E000-0252-003
Land Assessment
£69,532
Improvements Assessment
£0
Total Assessment
£69,532
  • Listing ID: 37904394

  • Date on Market: 01/10/2025

  • Last Updated:

  • Address: 2007 Cedar St, Richmond, VA 23223

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