5271 Nine Mile RdRichmond, VA 23223

Property Details for 5271 Nine Mile Rd

Lot size

1.29 AC

Zone code

B-2

Property type

Land

Property subtype

Commercial land

APN

814-725-8239

APU

8147258239

Description

This exceptional 3.546-acre corner lot in Richmond, Virginia, presents a unique dual-use development opportunity. Located at 5271 Nine Mile Rd, in Henrico County (zip code 23223), this property boasts high visibility and is zoned B-2, allowing for both commercial and residential development. The site comprises two parcels (APN 814-725-8239 & 814-725-9949) and is situated at the intersection of Nine Mile Rd and Pleasant St. The high demand for affordable single-family homes in the area makes this land ideal for a residential development project. Alternatively, or in addition, the property's prominent location offers significant potential for commercial ventures, such as retail spaces or restaurants. Adding to the property's versatility is a 1,156 square foot house built in 1955, located at 5305 Nine Mile Rd, which could serve as a rental property or be incorporated into a larger commercial development. This property is offered at $699,000 and presents a compelling investment opportunity for discerning developers seeking a high-impact project in a thriving market.

• Alternative Use

  Use

  Valuation

  Residential

  $11,905,605

  Hospitality

  $10,905,470

  Educational

  $9,073,223

  Medical

  $9,385,265

  Retail

  $14,113,902

Location Insight

City

Richmond

County

Henrico

State

Virginia

Latitude

37.5488

Longitude

-77.3551

CBSA code

40060

CBSA name

RICHMOND, VA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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