Sold

22111 Westminster Hwy

Richmond

Development Site

SOLD $1,010,000

Overview

Located in the Hamilton area of East Richmond, the subject land parcel consists of a single lot fronting on Westminster Highway, directly east of a new townhouse project at Sharpe Avenue and Oliver.

Proposed Development Summary

The City of Richmond will consider rezoning the subject property to R-2 (Townhouses) with an FSR of approximately .55. On lands north of Sharpe Avenue, which must be extended through, Richmond will allow duplexes or single family. According to the Planning Department, institutional use will also be permitted. It should be noted that the adjoining two lots to the east, 22171 and 22191 Westminster Highway, are also listed for sale at the same asking price by another seller, for a total site size of 5.97 acres.

Summary

Price$1,438,000
Lot Size135' x 642' (1.99 acres)
ZoningAG-1
Sale Price$1,010,000
Sale Date01/01/2003

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