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2411 5th Ave - Highland Overlook 8.4 Acres of Residential Land in Richmond, VA 23222
Investment Highlights
- Site Scale: 8.412 total acres across 14 parcels assembled by one owner
- Proximity to Downtown: 6-minute drive, 8-minute bicycle ride, 13-minute bus ride
- Design Options: 4 conceptual master plans drafted by Haint Blue Design Co. (offering single-family, townhome, multifamily, and commercial builds)
- Flexible Zoning: Mix of R-6 (residential) and M-1 (industrial) with strong Richmond 300 support for higher-density rezoning
- Financial Advantage: Located in a Qualified Census Tract (QCT), unlocking up to a 30% Basis Boost for federal LIHTC financing
Executive Summary
Seller is patient, allowing for a developer to get all of their site plans and financing lined up before closing.
Property Facts
1 Lot Available
Lot
| Lot Size | 8.40 AC |
| Lot Size | 8.40 AC |
One owner assembled 14 lots totaling 8.4 acres 5 minutes from downtown Richmond located in a QCT.
Description
One owner assembled 14 lots totalling 8.4 acres. Located in the Chestnut Hill neighborhood, this site is just a few minutes away from the heart of downtown! Customers and residents can drive for 5 minutes, bike for 8 minutes or take a short walk from the nearby 4th and Magnolia GRTC bus stop and be downtown in less than 15 minutes.
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Moderately walkable
60/100
Very drivable
80/100
Limited public transit
30/100
Fairly bikeable
50/100
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2411 5th Ave - Highland Overlook