3101 Porter St
Richmond, VA 23225
Land For Sale · 0.85 AC

CALL FOR OFFERS DUE NOV 22 5PM ET Large Woodland Heights Parcel Poised for Development 3101 Porter St is located between Semmes Ave and Forest Hill Ave within minutes of Downtown. An assisted living facility previously operated on the property but has been vacant for several years. This building is currently in deteriorated condition. While an adaptive reuse of this existing facility is one possibility, this large parcel presents a unique opportunity to develop multiple new residential units in the mature and established Woodland Heights neighborhood. The location is close to the James River, Manchester, Westover Hills, and many of the most desirable residential areas in South Richmond. The property is currently zoned R-5 which permits up to 5 single-family detached homes by-right through the subdivision process. However, an investor could maximize the development potential of the property by petitioning the City of Richmond for a rezoning. An approval of this request would permit higher-density developments similar to the conceptual project shown with up to 22 townhomes. This concept includes attached two-story townhomes with 22 off-street parking accessible from the alley at the rear of the property. As increasing numbers of young professionals, empty-nesters, and urbanites look for housing close to Downtown employment and amenities, this type of residential development in an established neighborhood serves a growing demand and offers and incredible opportunity for the savvy investor.