2705 5th Avenue Richmond, VA, 23222
$ 299,000Bedrooms Baths0.0
for $299,000. The lot size is 1.24 Acre(s).
MULTIFAMILY DEVELOPMENT OPPORTUNITY IN SOUTH HIGHLAND PARK
Located in South Highland Park , 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.
Sewer Public Sewer
Water Source Public Water
Parking 1-20 Covered Parking Spaces
List By Justin Sledd
One South Realty Group, Llc
- Monthly Principal & Interest
- Monthly Property Taxes
- Monthly Home Insurance
Default based on a 30-year fixed rate of 4.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save Nearby
Lots and land listings in Richmond, VA
Average List Price $362,167
Percent of Sale Price 21 %
About Richmond, VA
12 %Since 2002
$ 42,736 Median Income
33.62 Median Age
21 % Households with Children
Overby-Sheppard Elementary School
Martin Luther King Jr. Middle School
Armstrong High School