Discover the prime investment opportunity at the heart of Richmond’s vibrant Manchester neighborhood. This expansive 1/3 acre corner lot, strategically situated on busy Cowardin Avenue, is perfectly positioned to capitalize on the city’s rapid growth and development. Zoned B-3, this parcel offers unparalleled flexibility for a variety of commercial ventures, from retail establishments to mixed-use developments. Its prominent location ensures maximum visibility and high traffic, providing an ideal foundation for a thriving business. Manchester is experiencing a renaissance, with significant projects recently completed and in the pipeline. Notable developments include the South Falls Tower, a modern apartment complex that has added over 200 residential units, and the mixed-use City View Marketplace, which blends retail spaces with upscale apartments. Planned projects, such as the extensive redevelopment of the old Southern States silos into high-end lofts and the new Commerce Road Corridor, are set to further elevate the area’s appeal. This parcel’s inclusion in both an Opportunity Zone and an Enterprise Zone adds significant tax incentives and economic benefits, making it an even more attractive investment. By securing this prime corner lot, you’ll be at the forefront of Richmond’s dynamic evolution, poised to shape the future of Manchester while securing a lucrative return on your investment.

All or a portion of the multiple Listing information is provided by the Central Virginia Regional Multiple Listing Service, LLC, from a copyrighted compilation of listings. All IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All CVR MLS information provided is deemed reliable but is not guaranteed accurate. The compilation of Listings and each individual Listing are ©2024 Central Virginia Regional Multiple Listing Service, LLC. All rights reserved.



Data last updated at 2024-10-30 12:00 AM UTC.