$ 795,000
7-9 Cowardin AVE Richmond, VA 23224
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$ 795,000
Est. payment /mo
Pending
7-9 Cowardin AVE Richmond, VA 23224
1,528 SqFt
UPDATED:
10/25/2024 03:44 PM
Key Details
Property Type Commercial
Listing Status Pending
Purchase Type For Sale
Square Footage 1,528 sqft
Price per Sqft $520
MLS Listing ID 2417925
HOA Y/N No
Year Built 1975
Lot Size 0.328 Acres
Acres 0.328
Property Description
Discover the prime investment opportunity at the heart of Richmond’s vibrant Manchester neighborhood. This expansive 1/3 acre corner lot, strategically situated on busy Cowardin Avenue, is perfectly positioned to capitalize on the city’s rapid growth and development. Zoned B-3, this parcel offers unparalleled flexibility for a variety of commercial ventures, from retail establishments to mixed-use developments. Its prominent location ensures maximum visibility and high traffic, providing an ideal foundation for a thriving business. Manchester is experiencing a renaissance, with significant projects recently completed and in the pipeline. Notable developments include the South Falls Tower, a modern apartment complex that has added over 200 residential units, and the mixed-use City View Marketplace, which blends retail spaces with upscale apartments. Planned projects, such as the extensive redevelopment of the old Southern States silos into high-end lofts and the new Commerce Road Corridor, are set to further elevate the area’s appeal. This parcel’s inclusion in both an Opportunity Zone and an Enterprise Zone adds significant tax incentives and economic benefits, making it an even more attractive investment. By securing this prime corner lot, you’ll be at the forefront of Richmond’s dynamic evolution, poised to shape the future of Manchester while securing a lucrative return on your investment.
Location
State VA
County Richmond City
Area 60 - Richmond
Interior
Cooling Central Air
Exterior
Roof Type Flat
Topography Level
Building
Lot Description Level
Building Description Brick, No Elevators,Single-Tenant
Story 1
Sewer Public Sewer
Water Public
Level or Stories One
Structure Type Brick
Others
Tax ID S000-0197-042
Ownership ,Investment,Owner-User
Listed by One South Commercial LLC