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
1/13
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 fully approved mixed-use development site located within Richmond's rapidly evolving Westover Hills corridor. Offered at $650,000, the sale includes the land parcel together with an active Special Use Permit (SUP), approved development plans, architectural elevations, and supporting entitlement work. No building currently exists on the property, and the offering is for the development site and associated approvals only. The approved development program permits 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 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, investors, owner-users, and builders seeking a long-term mixed-use opportunity 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. Ownership is also exploring pre-leasing opportunities for the future commercial component at an asking rate of $32.00/SF NNN. Any future construction, permitting, financing, and development activities shall be the responsibility of the purchaser. This offering presents a unique opportunity to acquire a development-ready site with significantly reduced entitlement risk, allowing buyers to focus on execution rather than approvals. Whether pursued as a developer acquisition, owner-user project, 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

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

David GauldenThe Gaulden GroupMore Info
804-869-3059

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