5
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$1,900,000
Est. payment /mo
3.92 Acres Lot
Active
7098 Fernwood ST Richmond, VA 23228
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Key Details
Property Type Commercial
Sub Type Townhouse
Listing Status Active
Purchase Type For Sale
MLS Listing ID 2506305
HOA Y/N No
Year Built 1966
Lot Size 3.921 Acres
Acres 3.921
Property Sub-Type Townhouse
Property Description
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.
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.
Location
State VA
County Henrico
Area 32 - Henrico
Building
Story 3
Level or Stories Three Or More
Others
Tax ID 770-749-9008.002
Ownership Investment,Owner-User
Listed by One South Commercial LLC