1209 Arthur Ashe BlvdRichmond, VA 23230

This exceptional 1,063,691,640 square foot commercial land parcel in Richmond, Virginia, presents a unique investment opportunity. Located at the hard corner of Arthur Ashe Boulevard and W Leigh Street, this high-visibility site boasts three convenient access points and a daily traffic count of 23,000 vehicles. Its TOD-1 zoning allows for a multitude of development and redevelopment possibilities, further enhanced by the proximity to 1,000 planned new apartments within 400 feet. The property includes an existing 12,000 square foot, circa 1948 warehouse featuring 16-foot ceilings and a separate 3,000 square foot, six-bay metal building. Currently, 21 parking spaces are available. This location offers unparalleled exposure across from Bow Tie Cinemas, in a vibrant area with a walkability and bikeability score of 87. The recent removal of parking regulations adds to the site's development potential, making it an ideal location for a variety of commercial ventures. This is a truly exceptional opportunity to capitalize on the growth and energy of Scott's Addition. Sale includes a leaseback option.