2202 3rd Ave, Richmond, VA 23222

Exceptional opportunity to acquire two fully entitled, build-ready lots in a rapidly growing neighborhood. The original home has been demolished, and the parcel has been subdivided and approved by the BZA for two new single-family homes (2200 and 2202 3rd Ave. – Lots 11 and 12). This is a true plug-and-play development opportunity—no red tape, no delays, just start building. Conveying with the sale are approved building plans for Lot 12, BZA approval for the subdivision, completed demolition of the original structure, existing water and sewer connections on Lot 12 (saving the buyer significant tap and lateral fees), stamped surveys, soil reports, and site plans for both lots. Construction funding for the build has already been approved, and a preferred lender is in place to streamline the process and help buyers move quickly into construction if needed. We recently sold two new construction homes just down the street on 2nd Avenue for $579,000 and $605,000, with the latter appraising at $620,000—demonstrating the strong resale potential in this location. Buyer to perform their own due diligence. All information is believed to be accurate but not guaranteed.