$195,000

Rare opportunity to acquire two adjoining vacant lots at 415 and 415 1/2 W Duval Street in Jackson Ward. Located just minutes from VCU, Downtown Richmond, The Fan, Scott's Addition, Carytown, James River parks system and much more!! This offering provides an excellent opportunity for developers seeking an infill development site in one of Richmond's most convenient locations. The property is zoned R-53 and offers a variety of potential residential development options. Preliminary discussions and conceptual planning have included development scenarios ranging from multiple residential units across the existing lots to the consolidation of both parcels for a larger project. Two concepts explored includes the construction of 12-17 one bedroom multi-family units as well as five three-story 3 bedroom townhomes.  There is always potential for more dense development if desired. Two Special Use Permits have recently been approved on this same block.  Richmond continues to experience strong demand for housing, making this a compelling opportunity to secure a development site with convenient access to major employment centers, restaurants, shopping, parks, and interstate connections…everything this city has to offer!! Lots are being sold together. Bring your vision and explore the possibilities these parcels have to offer!!