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3810 Meadowbridge Rd - E. Richmond 2+ Ac Zoned B3 2 Acres of Commercial Land Offered at $1,295,000 in Richmond, VA 23222



INVESTMENT HIGHLIGHTS
- 2 Acres Zoned B3
- Opportunity Zone
- Retail, Drive-Thru, Restaurants, Specialty, Automotive Filling Stations, Hotel, Private School, Live/Work Dwellings, Offices
EXECUTIVE SUMMARY
2 Acres in North Richmond's Opportunity Zone The B-3 district is intended to provide a mix of commercial, automotive, and recreational activities. Possible uses, include most Retail Uses, Drive-Thru, Office, Automotive Filling Station, Live/Work Dwellings. The site allows for access from 2 roads- Richmond-Henrico Turnpike and Meadowridge Rd, and is experiencing growth with Amazon's presence and the new homes and businesses being built to accommodate 1,000 new employees, In addition to major roadway enhancement taking place on Azalea Ave, across Laburnum from this location, including bike lanes, streetlights and a new water main. In addition, there is a single-story building on the property, that has a slab foundation. 50% Seller financing is possible. Opportunity Zones offer federal incentives for investors and developers aiming to revitalize underserved areas, such as: Capital Gains Deferral, Tax Reduction, Tax-Free Growth.
PROPERTY FACTS
1 LOT AVAILABLE
Lot
| Price | $1,295,000 | Lot Size | 2.00 AC |
| Price Per AC | $647,500.00 |
| Price | $1,295,000 |
| Price Per AC | $647,500.00 |
| Lot Size | 2.00 AC |
Opportunity Zone Redevelopment Opportunity- 2 acres Zoned B3, open and mostly paved lot with a 6,556sf single-story commercial building.
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PROPERTY TAXES
| Parcel Number | 794-737-7079 | Improvements Assessment | $251,000 |
| Land Assessment | $376,600 | Total Assessment | $627,600 |
PROPERTY TAXES
Parcel Number
794-737-7079
Land Assessment
$376,600
Improvements Assessment
$251,000
Total Assessment
$627,600
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3810 Meadowbridge Rd - E. Richmond 2+ Ac Zoned B3
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