7098 Fernwood St - Commercial LAND FOR SALE


Henrico, VA 23228 170,755 SF
$1,900,000 USD
804-266-8831
7098 Fernwood St, Henrico, VA for Sale
$1,900,000 USD
Commercial LAND - FOR SALE
1/5
170,755 SF

7098 Fernwood St
Henrico, VA 23228


HIGHLIGHTS

  • Within the Carriage Hill CCRC
  • Glenside Submarket
  • 31 units can be independent living
  • Fully entitled & site plan approved

OVERVIEW

For decades, Acclaim at Carriage Hill has earned the reputation as a destination for those over the age of 55. Originally built in 1967 and 1979, the community is convenient to a huge population of aging households, just west of the city and just north of I-64. Additionally, there are a myriad of local options for dining, retail and entertainment, as well as three nearby hospitals—HCA Parham Henrico Doctors, Bon Secours St. Mary’s and VCU Medical Center. This is a rare opportunity to develop 125 additional assisted living units within Carriage Hill. The site is owned as a land condo within the existing development. No more than 31 units can be independent living and any or all of the units can be memory care. There is also potential for townhouse development here with a rezoning if the units were condo. *Townhouse would require a rezoning and would need to be in a condominium regime.

FOR SALE DETAILS

PRICE

$1,900,000 USD

PRICE/ACRE

$484,694/AC

PRICE/SF

$11 USD /SF

# OF LOTS

-

LAND DETAILS

PROPERTY NAME

125-Unit Assisted Living or Memory Care Site

PROPERTY TYPE

Land

PROPERTY SUBTYPE

Commercial

LAND PROPOSED USE

Multi-Family, Apartment Units - Senior, Health Care

LAND ACRES

3.92 AC

LAND SF

170,755 SF

OFFSITE IMPROVEMENTS

Sewer, Water, Electricity, Gas, Streets, Curb/Gutter/Sidewalk, Cable, Telephone, Irrigation

ZONING

R-6C

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Chris CorradaOne South CommercialMore Info
804-266-8831

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Chris CorradaOne South CommercialMore Info
804-266-8831

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