Property 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.

Property Features