Prime R-63 zoned development parcel at the SE corner of Bainbridge and 12th Streets! Sited on Bainbridge between Commerce Road and Cowardin Avenue, an eight-block residential stretch that is largely renovated!
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R-63 Zoning is a Residential designation but allows limited ground floor neighborhood-oriented commercial on corner parcels only! Developers also have flexibility to make an entire structure, including the ground floor, residential! Features include:
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Parcel dimensions: +/-67’x155’ (According to Tax Card)
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Parcel size: +/-10,395s/f (According to Tax Card)
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Permitted structure height: 3-4 stories (See zoning ordinance)
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NO requirement to provide parking
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Prime urban-residential development opportunity
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Currently paved for surface parking
Parcel ID: S0000061001
2027 Tax Assessment: $249,000
2026 Annual Taxes: $2,988.00
Click on “ACCESS PROPERTY DOCUMENTS.” The Property Information Package contains information, including the sales contract, not available elsewhere.
This property is being sold by Peter J. Barrett, solely in his capacity as court-appointed special receiver (the “Receiver”) in VACU Resolution LLC, successor by assignment to Virginia Credit Union, Inc. v. Church Hill Ventures, LLC, et al., Case No. CL23-5394, pending in the Circuit Court for the City of Richmond, Virginia (the “Court”). The sale is subject to the Court’s approval. The property, including any personal property that conveys, is sold “AS IS, WHERE IS, WITH ALL FAULTS.” No representation or warranty of any kind, express or implied, is made by the Receiver, VACU Resolution LLC, Virginia Federal Credit Union, Church Hill Ventures, LLC, Tranzon Key, or any of their agents. This includes, without limitation, any warranty as to physical or environmental condition, square footage, dimensions, zoning, permitted uses, development potential, compliance with laws, leases, rents, occupancy, or the presence, condition, or working order of any building system or personal property. All information on this page and in the Property Information Package comes from sources believed to be reliable, but it is not guaranteed. Each bidder must rely solely on its own inspection, investigation, and due diligence, completed before bidding. Title will be conveyed by deed without warranty, executed by the Receiver, free and clear of security interests, liens, claims, and other interests only to the extent provided in the Court’s order approving the sale. The Receiver acts solely in a representative capacity and shall have no personal liability. If this summary conflicts with the Terms and Conditions of Auction Sale, the purchase contract, or any Court order, those documents control.
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