Bankruptcy - 28 Acre development parcel with potential rental house!
Sited less than a mile to Richmond International Airport and approximately three miles to I-295 and 895/Pocahontas Parkway access, this parcel offers potential near-term rental income plus huge development upside.
-
Tremendous road frontage, with over 2,000 feet on Beulah Rd and 650+ feet on Charles City Road
-
Currently zoned agricultural, the Property is master planned by Henrico County for industrial zoning.
-
According to Henrico County, the house was built in 1910 and contains +/-2,300s/f. It is a value-add opportunity with (4) bedrooms and (3) baths.
Three tax parcels sold together:
Address: |
Parcel ID#: |
2024 Tax Assess: |
2024 Annual Taxes: |
3740 Charles City Rd |
827-702-8810 |
$384,600 |
|
6736 Beulah Rd |
828-701-0583 |
$ 15,100 |
|
3760 Charles City Rd |
827-700-7466 |
$ 3,000 |
|
Totals: |
|
$402,700 |
$3,422.95 |
The Backstory:
Upon information and belief, the Property may require remediation to comply with certain county regulations. The County has indicated that it will work with a buyer to resolve such issues, which may include regrading the area of fill to a more environmentally friendly 3:1 slope and remediating an approximately 0.1 acre area of wetland in which fill encroached. Additional funds currently held in escrow may be available to help offset such costs.
The property will be sold as-is, where-is without representation or warranty of any kind and will be conveyed by special warranty deed. The information contained herein is believed to be reliable, but no warranty is being provided and no cause of action may be had for any representations made by the Seller or Auction Firm. The sale will be subject to approval by the United States Bankruptcy Court for the Eastern District of Virginia.
Click on “ACCESS PROPERTY DOCUMENTS.” The Property Information Package contains information, including the sales contract, not available elsewhere.
VAAF423