1005 Westover Hills Blvd - Commercial LAND FOR SALE


Richmond, VA 23225- Forest Hill Terrace10,237 SF
$650,000 USD
804-869-3059
1005 Westover Hills Blvd, Richmond, VA for Sale
$650,000 USD
Commercial LAND - FOR SALE
1/3
10,237 SF

1005 Westover Hills Blvd
Richmond, VA 23225
Forest Hill Terrace


HIGHLIGHTS

  • Fully Approved Mixed-Use Development Opportunity
  • Up to 12 Residential Units + ±4,500 SF Commercial
  • Medical, Dental, Office, Retail & Restaurant Uses Permitted
  • Pre-Leasing Opportunities Available at $32.00/SF NNN
  • Flexible Commercial Layout Accommodating One or Multiple Tenants
  • Prime Westover Hills Location within Richmond's Community Mixed-Use Corridor

OVERVIEW

The Gaulden Group is pleased to present 1005 Westover Hills Boulevard, a rare fully entitled mixed-use development opportunity located within Richmond's rapidly evolving Westover Hills corridor. The property benefits from an approved Special Use Permit (SUP) allowing for the construction of a three-story mixed-use building featuring approximately 4,500 square feet of ground-floor commercial space and up to 12 residential units above. The approved concept includes modern architectural elevations, dedicated off-street parking, elevator access, outdoor patio areas, and prominent frontage along Westover Hills Boulevard. Positioned within the Westover Hills Neighborhood Node and designated Community Mixed-Use under the Richmond 300 Master Plan, the site is ideally suited for developers, owner-users, investors, medical office operators, and builders seeking a long-term mixed-use investment in one of Richmond's most active redevelopment corridors. The approved commercial component may accommodate a variety of office, medical, dental, retail, restaurant, and service-oriented users, creating a flexible mixed-use environment designed to serve both the surrounding neighborhood and the broader South Richmond market. The residential component further enhances the project's long-term viability by capitalizing on continued demand for walkable urban housing within an established and growing corridor. In addition to being offered for sale, ownership is exploring pre-leasing opportunities for the commercial component at an asking rate of $32.00/SF NNN. Securing commercial tenancy prior to construction may provide future developers with enhanced project economics, improved financing opportunities, and a clearer path toward stabilization. This offering presents a unique opportunity to acquire a development-ready asset with significantly reduced entitlement risk, allowing buyers to focus on execution rather than approvals. Whether pursued as a land acquisition, owner-user development, or long-term mixed-use investment, the property offers multiple avenues for value creation within one of Richmond's most desirable neighborhood commercial districts.

FOR SALE DETAILS

PRICE

$650,000 USD

PRICE/ACRE

$2,765,957/AC

PRICE/SF

$63 USD /SF

# OF LOTS

-

LAND DETAILS

PROPERTY NAME

1005 Westover Hills Boulevard | Richmond, VA

PROPERTY TYPE

Land

PROPERTY SUBTYPE

Commercial

LAND PROPOSED USE

Mixed Use, Storefront Retail/Residential

LAND ACRES

0.23 AC

LAND SF

10,237 SF

OFFSITE IMPROVEMENTS

Sewer, Water, Electricity, Gas, Streets, Cable, Telephone

ZONING

R-5

APN/PARCEL ID

S006-0371-001

ASK ABOUT THIS PROPERTY

David GauldenThe Gaulden GroupMore Info
804-869-3059

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David GauldenThe Gaulden GroupMore Info
804-869-3059

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.