515 Chimborazo Blvd - Freestanding FOR SALE


Richmond, VA 23223- Chimborazo
$3,000,000 USD
804-432-2688
515 Chimborazo Blvd, Richmond, VA for Sale
$3,000,000 USD
Freestanding - FOR SALE
1/6
null | Request Cap Rate

Dec '26


515 Chimborazo Blvd
Richmond, VA 23223
Chimborazo


HIGHLIGHTS

  • The sponsor’s preliminary concept contemplates a townhome community of 16 to 24 units
  • Development site for upscale townhomes or 2 Over 2 condos with higher density.
  • Excellent location in Richmond's historic Church Hill.
  • Site is already improved roads, walks and all utilities to site.
  • Good location relative to major employers, VCU Medical Center and loads of neighborhood amenities such as parks and restaurants.

OVERVIEW

INVESTMENT OVERVIEW 515 Chimborazo Blvd offers a rare 1.01-acre infill redevelopment opportunity in Richmond's historic Church Hill. The site may support an upscale townhome or 2 Over 2 concept under new MX-5 zoning. Located in high-demand, affluent neighborhood with strong demographic growth. Flexible MX-3 zoning allows for mixed-use or residential development, and the property benefits from proximity to major employers and top educational institutions. The property is currently improved with a 14,250-square-foot retail building and 70 surface parking spaces offering near-term holding income potential and a longer-term residential redevelopment path.

FOR SALE DETAILS

PRICE

$3,000,000 USD

PRICE/SF

$211 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Owner User

BUILDING DETAILS

PROPERTY NAME

Chimborazo Mini-mall

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1973

SPRINKLERS

-

PARKING SPACES

70

LAND DETAILS

LAND ACRES

1.01 AC

LAND SF

43,824 SF

ZONING

B-1

APN/PARCEL ID

E000-0972-001

ASK ABOUT THIS PROPERTY

Kerry RileyMarcus & MillichapMore Info
804-432-2688

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Kerry RileyMarcus & MillichapMore Info
804-432-2688

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