1005 Westover Hills Boulevard | Richmond, VA 1005 Westover Hills Blvd Lot | Terrain commercial | 0,1 ha | À vendre | 569 543 € | Richmond, VA 23225

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.