7098 Fernwood St - Commercial LAND FOR SALE


Henrico, VA 23228 170,755 SF
$1,900,000 USD
804-266-8831
7098 Fernwood St, Henrico, VA for Sale
$1,900,000 USD
Commercial LAND - FOR SALE
1/5
170,755 SF

7098 Fernwood St
Henrico, VA 23228


HIGHLIGHTS

  • Within the Carriage Hill CCRC
  • Glenside Submarket
  • 25% of units can be independent living
  • Fully entitled & site plan approved

OVERVIEW

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 25% 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.

FOR SALE DETAILS

PRICE

$1,900,000 USD

PRICE/ACRE

$484,694/AC

PRICE/SF

$11 USD /SF

# OF LOTS

-

LAND DETAILS

PROPERTY NAME

125-Unit Assisted Living or Memory Care Site

PROPERTY TYPE

Land

PROPERTY SUBTYPE

Commercial

LAND PROPOSED USE

Multi-Family, Apartment Units - Senior, Health Care

LAND ACRES

3.92 AC

LAND SF

170,755 SF

OFFSITE IMPROVEMENTS

Sewer, Water, Electricity, Gas, Streets, Curb/Gutter/Sidewalk, Cable, Telephone, Irrigation

ZONING

R-6C

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Chris CorradaOne South CommercialMore Info
804-266-8831

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Chris CorradaOne South CommercialMore Info
804-266-8831

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.