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4101 W Broad St
Richmond, VA 23230
Land For Sale
·
1.00 AC


Investment Highlights
- High-visibility corner with continuous exposure along a major Richmond arterial
- Flexible redevelopment or reconfiguration potential supported by TOD-1 zoning
- Strong household income profile supporting elevated retail and service concepts
- Transit-oriented location offering strong walkability and Pulse Bus accessibility
- Rapidly evolving corridor attracting residential, retail, and office growth
- Early mover positioning in a corridor with expanding daily foot and vehicle traffic
Executive Summary
4101 West Broad Street presents an exceptionally rare opportunity to secure a high-visibility, one-acre corner in one of Richmond’s most transformative growth corridors. Positioned at the signalized intersection of West Broad and Malvern, the property serves as a primary gateway between established affluent neighborhoods and the expanding commercial energy of Scott’s Addition, Willow Lawn, and the Diamond District. This strategic location offers unparalleled connectivity with immediate access to I-64, I-195, and the surrounding arterial network linking the city’s residential, employment, and lifestyle destinations.
The property is currently improved with a former Bank of America branch featuring a freestanding building, multiple drive-thru lanes, and full street frontage along both West Broad and Malvern. Its TOD-1 zoning unlocks broad redevelopment options, including mid-rise multifamily with approximately 180 units or up to 300 units under a high-rise scenario subject to approvals. This same zoning supports a mix of residential, retail, and commercial uses designed to benefit from walkability, transit efficiency, and increasing density along the Pulse Bus line. Over the next 12 months, the immediate stretch between Malvern and Staples Mill is slated for rapid evolution with new residential deliveries, modern retail concepts, and a growing base of office and lifestyle amenities.
The property is currently improved with a former Bank of America branch featuring a freestanding building, multiple drive-thru lanes, and full street frontage along both West Broad and Malvern. Its TOD-1 zoning unlocks broad redevelopment options, including mid-rise multifamily with approximately 180 units or up to 300 units under a high-rise scenario subject to approvals. This same zoning supports a mix of residential, retail, and commercial uses designed to benefit from walkability, transit efficiency, and increasing density along the Pulse Bus line. Over the next 12 months, the immediate stretch between Malvern and Staples Mill is slated for rapid evolution with new residential deliveries, modern retail concepts, and a growing base of office and lifestyle amenities.
Property Facts
| Sale Type | Investment | Property Subtype | Commercial |
| Sale Conditions | Proposed Use | ||
| No. Lots | 1 | Total Lot Size | 1.00 AC |
| Property Type | Land | Year Built | 1985 |
| Zoning | B-3 GENERA | ||
| Sale Type | Investment |
| Sale Conditions | |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | |
| Total Lot Size | 1.00 AC |
| Year Built | 1985 |
| Zoning | B-3 GENERA |
1 Lot Available
Lot
| Lot Size | 1.00 AC |
| Lot Size | 1.00 AC |
TOD-zoned 1-acre signalized hard-corner site at West Broad and Malvern; former Bank of America with drive-thru lanes; prime redevelopment corridor
Property Taxes
| Parcel Number | W000-1884-010 | Improvements Assessment | $565,000 |
| Land Assessment | $1,653,000 | Total Assessment | $2,218,000 |
Property Taxes
Parcel Number
W000-1884-010
Land Assessment
$1,653,000
Improvements Assessment
$565,000
Total Assessment
$2,218,000
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