$399,000 Not Disclosed Henrico, VA

MLS: 1915752   Type: Commercial   County: Henrico   City: Henrico   Area: 32 - Henrico   Zip: 23228     Stories: 2

Mortgage $1,873 /mo



Half Baths

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PRICE REDUCTION This listing is an estate sale and is well-situated as a large, 5.7 acre parcel for an investor looking to for an opportunity to capitalize on the burgeoning residential market in Henrico County. The site is currently accessed from an unimproved portion of Darracott Road that begins less than 500 feet from the intersection of E Parham Rd and Villa Park Dr. The relatively flat parcel is improved by a two-story brick residence constructed in 1942 that is currently vacant. Under the current A-1 (Agriculture) zoning regulations, the property can be developed with up to five residential units based on the parcel size. Alternatively, a potential rezoning of the property to R-5 (General Residence) would permit approximately 50 or more townhomes to be developed. Such a project would be similar in design and density to the existing Townes at Stonewall Manor development by Stylecraft Homes on the adjacent property to the north. Whether developed as single-family or multifamily, 1601 Darracott Rd’s location in Western Henrico County and its proximity to Downtown Richmond makes it ideally suited to serve this growing housing demand.

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Price History

5/14/2019 Listed $575,000
5/29/2020 31% - $399,000

MLS Area 32 - Henrico
Property Type Commercial Sale
Stories 2
Zoning Description A-1

Interior Features

Full Baths 0
Half Baths 0
Total Baths 0

Exterior Features

Lot Size Acres 5.7
Lot Size Area 5.7
Lot Size Units Acres

Room Details

Room Dimensions Level Flooring Details
Full Bath Third
Full Bath First
Full Bath Second
Full Bath Basement
Full Bath Fourth
Half Bath Third
Half Bath First
Half Bath Second
Half Bath Basement
Half Bath Fourth

Property Schools

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Gallery (5 photos)

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Property vs Zip Code Avg (23228)

Price 399K Avg 1.42M

Acres 5.7 Avg 2.72

Visits 152 Avg 165

Days on Site 562 Avg 611

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Listing Provided Courtesy Of: Thomas E Rosman with One South Realty Group, LLC.

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Location & Address

Magee Group @ Keller Williams
15871 City View Dr, Ste. 120
Midlothian, VA