Richmond, VA 23222 2705 5th Avenue
$319,000
Sold: Nov 09, 2020
8 more
Presented By: Justin Sledd with One South Realty Group, LLC.
Home Details
MULTIFAMILY DEVELOPMENT OPPORTUNITY IN HIGHLAND PARK SOUTHERN TIP
Located in Highland Park Southern Tip, 2705 5th Avenue is the site of the historic Crawley's Nursing home constructed in 1953. The existing building features 17,446 square feet of total floor area located on a 1.24 acre parcel. As part of the Chestnut Hill-Plateau Historic District , this building offers an incredible opportunity for renovation as a multifamily development using historic rehabilitation tax credits. Alternatively, preliminary architectural plans have been completed for the property showing a new multifamily development with 30 units.
Within short walking distance of the East Brookland Park Boulevard commercial district, potential residents will enjoy easy accessibility to the nearby shops, restaurants, and amenities of the area. Also just minutes from Mechanicsville Turnpike, I-64, and Downtown Richmond, this South Highland Park location is an ideal site for a high occupancy multifamily development.
Presented By: Justin Sledd with One South Realty Group, LLC.
General for 2705 5th Avenue
Additional Parcels Y/NNo
Association Y/NNo
Attached Garage No
Buyer FinancingCash
Carport Y/NNo
Close Price300000.0
CountyRichmond City
Days on Market158
DirectionsThe property is located on 5th Avenue towards the corner of 5th & Magnolia Street.
Garage Y/NNo
Home Warranty Y/NNo
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
MLS Area30 - Richmond
MobileHomeRemainsYNNo
New ConstructionNo
PossessionCloseOfEscrow
Property Attached Y/NNo
Property TypeCommercialSale
Rent Control Y/NNo
Senior Community Y/NNo
SewerSanitary
Standard StatusClosed
StatusClosed
Street Name5th
Tax Assessed Value0
TopographyLevel
View Y/NNo
Waterfront Y/NNo
Year Built1953
Interior for 2705 5th Avenue
Air Conditioning Y/NNo
Basement (Y/N)No
Electric On Property Y/NNo
Fireplace Y/NNo
Full Baths0
Half Baths0
Heating Y/NNo
Street SuffixAvenue
Total Baths0
Exterior for 2705 5th Avenue
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot FeaturesLevel
Lot Size Acres1.2397
Lot Size Area1.2397
Lot Size UnitsAcres
Open Parking Y/NNo
SpaNo
Water SourcePublic
Lori Valente
Associate