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4312 Grove Ave Lot • Terrain commercial • 0,59 Acres • Richmond, VA 23221



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Faits saillants de l'investissement
- Corner-lot property positioned between the Libbie & Grove corridor and Carytown, offering exceptional connectivity to some of Richmond’s most desirabl
- Multiple development concepts available, including townhomes and multifamily layouts requiring a Special Use Permit, offering strong future upside pot
- Walkable to upscale retail, dining, and boutique amenities with immediate access to the Fan District, VMFA area, and Libbie & Grove shops
- Strong surrounding demographics with high household incomes and a dense daytime population supporting both residential and office demand
Résumé de l'annonce
4312 Grove Avenue presents an opportunity to acquire an office property positioned on a 0.59-acre corner parcel within Richmond’s established Near West End. The existing building contains 3,560 square feet and is supported by 18 on-site parking spaces, providing flexibility for owner-users, professional firms, medical office users, or investors seeking a well-located asset with future repositioning potential.
The property benefits from frontage along Grove Avenue and proximity to some of Richmond’s most recognizable neighborhoods, including Libbie & Grove, Carytown, Windsor Farms, and the Fan District. The surrounding area offers a diverse mix of residential communities, retail destinations, restaurants, professional services, and neighborhood amenities that contribute to sustained demand from both businesses and residents. Convenient access to Interstate 195 further enhances regional connectivity throughout the Richmond metropolitan area.
Current RO-2 zoning supports office use, while conceptual redevelopment studies included in the marketing materials illustrate potential future residential redevelopment scenarios, subject to municipal approvals. The combination of an established location, existing improvements, parking availability, and redevelopment potential creates multiple pathways for value creation depending on a purchaser’s investment objectives.
Richmond continues to serve as a major employment and business center in Virginia, supported by a diverse economy, higher education institutions, healthcare systems, and government operations. The property’s location within a mature, highly amenitized corridor offers access to nearby employment centers, retail services, and neighborhood conveniences that support long-term occupancy and investment appeal.
The property benefits from frontage along Grove Avenue and proximity to some of Richmond’s most recognizable neighborhoods, including Libbie & Grove, Carytown, Windsor Farms, and the Fan District. The surrounding area offers a diverse mix of residential communities, retail destinations, restaurants, professional services, and neighborhood amenities that contribute to sustained demand from both businesses and residents. Convenient access to Interstate 195 further enhances regional connectivity throughout the Richmond metropolitan area.
Current RO-2 zoning supports office use, while conceptual redevelopment studies included in the marketing materials illustrate potential future residential redevelopment scenarios, subject to municipal approvals. The combination of an established location, existing improvements, parking availability, and redevelopment potential creates multiple pathways for value creation depending on a purchaser’s investment objectives.
Richmond continues to serve as a major employment and business center in Virginia, supported by a diverse economy, higher education institutions, healthcare systems, and government operations. The property’s location within a mature, highly amenitized corridor offers access to nearby employment centers, retail services, and neighborhood conveniences that support long-term occupancy and investment appeal.
Faits sur la propriété
| Type de vente | Investissement | Sous-type de propriété | Terrain commercial |
| Condition de vente | Projet de redéveloppement | Utilisation proposée | Commercial |
| Nombre de lots | 1 | Taille totale du lot | 0,59 AC |
| Type de propriété | Terrain | ||
| Zonage | R-5 SINGLE | ||
| Type de vente | Investissement |
| Condition de vente | Projet de redéveloppement |
| Nombre de lots | 1 |
| Type de propriété | Terrain |
| Sous-type de propriété | Terrain commercial |
| Utilisation proposée | Commercial |
| Taille totale du lot | 0,59 AC |
| Zonage | R-5 SINGLE |
1 Lot disponible
Lot
| Taille du lot | 0,59 AC |
| Taille du lot | 0,59 AC |
Exceptional Opportunity on a 0.59 Acre. Corner Lot: 3,560 SF Office Building with Ample Parking, Nestled Between Libbie & Grove and Carytown
Description
4312 Grove Avenue is improved with a 3,560-square-foot office building constructed in 1964 on a 0.59-acre parcel. The property includes 18 parking spaces and is zoned RO-2. The site is located at the intersection of Grove Avenue and Woodlawn Avenue with access to Interstate 195 and nearby commercial districts including Libbie & Grove and Carytown.
1 1
Moyennement accessible à pied
60/100
Très bien adapté aux voitures
80/100
Transports en commun limités
30/100
Plutôt accessible en vélo
50/100
Impôts fonciers
| Numéro de lot | W019-0281-021 | Évaluation des bâtiments | 431 708 $ CAD |
| Évaluation du terrain | 1 286 850 $ CAD | Évaluation totale | 1 718 558 $ CAD |
Impôts fonciers
Numéro de lot
W019-0281-021
Évaluation du terrain
1 286 850 $ CAD
Évaluation des bâtiments
431 708 $ CAD
Évaluation totale
1 718 558 $ CAD
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4312 Grove Ave
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