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3810 Meadowbridge Rd - E. Richmond 2+ Ac Zoned B3 1.1 Acres of Commercial Land Offered at $1,295,000 in Richmond, VA 23222

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Investment Highlights

Apr. 1.2 Acres Zoned B3
Retail, Drive-Thru, Restaurants, Specialty, Automotive Filling Stations, Hotel, Private School, Live/Work Dwellings, Offices

Opportunity Zone

Executive Summary

Apr. 1.2 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. Opportunity Zones offer federal incentives for investors and developers aiming to revitalize underserved areas, such as: Capital Gains Deferral, Tax Reduction, Tax-Free Growth.(subject to survey*)

Property Facts

Price	$1,295,000	Property Subtype	Commercial
Sale Type	Investment	Proposed Use	Commercial Office Mixed Use Multifamily Hospitality Apartment Units Apartment Units - Senior Auto Dealership Auto Repair Bank Bowling Alley Convenience Store Daycare Center Distribution Funeral Home Garden Center Health Club Hold For Development Hold For Investment Hotel Lodge or Meeting Hall Medical Parking Lot Public Library Religious Facility Restaurant Schools Self Storage Service Station Storefront, Retail or Office Theater or Concert Hall Veterinarian or Kennel Warehouse
No. Lots	1	Total Lot Size	1.10 AC
Property Type	Land	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Zoning	B-3 - B3 Zoning allows for a mix of uses, such as Office, Retail, parking decks, garages, shopping centers, hotels and schools.

Price	$1,295,000
Sale Type	Investment
No. Lots	1
Property Type	Land
Property Subtype	Commercial
Proposed Use	Commercial Office Mixed Use Multifamily Hospitality Apartment Units Apartment Units - Senior Auto Dealership Auto Repair Bank Bowling Alley Convenience Store Daycare Center Distribution Funeral Home Garden Center Health Club Hold For Development Hold For Investment Hotel Lodge or Meeting Hall Medical Parking Lot Public Library Religious Facility Restaurant Schools Self Storage Service Station Storefront, Retail or Office Theater or Concert Hall Veterinarian or Kennel Warehouse
Total Lot Size	1.10 AC
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Zoning	B-3 - B3 Zoning allows for a mix of uses, such as Office, Retail, parking decks, garages, shopping centers, hotels and schools.

1 Lot Available

Lot

Price	$1,295,000	Lot Size	1.10 AC
Price Per AC	$1,177,272.73

Price	$1,295,000
Price Per AC	$1,177,272.73
Lot Size	1.10 AC

Opportunity Zone Redevelopment Opportunity- apr 1.1 acre Zoned B3, open and mostly paved lot with a 6,556sf single-story commercial building.

Description

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.

1 1

Fairly walkable

50/100

Exceptionally drivable

90/100

Limited public transit

30/100

Fairly bikeable

40/100

Source: Local Logic^®

Property Taxes

Parcel Number	794-737-7079	Improvements Assessment	$262,000
Land Assessment	$398,700	Total Assessment	$660,700

Property Taxes

Parcel Number

794-737-7079

Land Assessment

$398,700

Improvements Assessment

$262,000

Total Assessment

$660,700

(804) 349-5788

Contact

Susan Haas; MURP
Haas Realty Group

Listing ID: 31575853
Date on Market: 8/17/2022
Last Updated:
Address: 3810 Meadowbridge Rd, Richmond, VA 23222

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3810 Meadowbridge Rd, Richmond, VA for sale Primary Photo- Image 1 of 3 — 3810 Meadowbridge Rd 2

3810 Meadowbridge Rd, Richmond, VA for sale Building Photo- Image 2 of 3 — 2.2 Acres w/access on 2 streets

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3810 Meadowbridge Rd - E. Richmond 2+ Ac Zoned B3

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