Description
PRICE ADJUSTMENTThis listing is an estate sale and is well-situated as a large, 5.7 acre parcel for an investor looking to for an opportunity to capitalize on the burgeoning residential market in Henrico County. The site is currently accessed from an unimproved portion of Darracott Road that begins less than 500 feet from the intersection of E Parham Rd and Villa Park Dr. The relatively flat parcel is improved by a two-story brick residence constructed in 1942 that is currently vacant.Under the current A-1 (Agriculture) zoning regulations, the property can be developed with up to five residential units based on the parcel size. Alternatively, a potential rezoning of the property to R-5 (General Residence) would permit approximately 50 or more townhomes to be developed. Such a project would be similar in design and density to the existing Townes at Stonewall Manor development by Stylecraft Homes on the adjacent property to the north.Whether developed as single-family or multifamily, 1601 Darracott Rds location in Western Henrico County and its proximity to Downtown Richmond makes it ideally suited to serve this growing housing demand.
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0BEDS
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5.7ACRES
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0BATHS
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01/2 BATHS
School Ratings & Info
Description
PRICE ADJUSTMENTThis listing is an estate sale and is well-situated as a large, 5.7 acre parcel for an investor looking to for an opportunity to capitalize on the burgeoning residential market in Henrico County. The site is currently accessed from an unimproved portion of Darracott Road that begins less than 500 feet from the intersection of E Parham Rd and Villa Park Dr. The relatively flat parcel is improved by a two-story brick residence constructed in 1942 that is currently vacant.Under the current A-1 (Agriculture) zoning regulations, the property can be developed with up to five residential units based on the parcel size. Alternatively, a potential rezoning of the property to R-5 (General Residence) would permit approximately 50 or more townhomes to be developed. Such a project would be similar in design and density to the existing Townes at Stonewall Manor development by Stylecraft Homes on the adjacent property to the north.Whether developed as single-family or multifamily, 1601 Darracott Rds location in Western Henrico County and its proximity to Downtown Richmond makes it ideally suited to serve this growing housing demand.
All or a portion of the multiple Listing information is provided by the Central Virginia Regional Multiple Listing Service, LLC, from a copyrighted compilation of Listings. All CVR MLS information provided is deemed reliable but is not guaranteed accurate. The compilation of Listings and each individual Listing are © 2021 Central Virginia Regional Multiple Listing Service, LLC. All rights reserved.The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated: 2021-02-25T15:57:51.423.
Listing courtesy of One South Realty Group, Llc. Listing information © 2021 CVRMLS and CBRAR.