1005 Westover Hills Blvd, Richmond, VA

Name: 1005 Westover Hills Blvd, For Sale in Richmond - eXp Realty
Brand: Real Broker LLC
SKU: 2615360
Price: 650000 USD

House

For Sale

Listed price in listed location currency (USD).

$650,000

000

MLS® 2615360

Key Facts
Description
Map

Key Facts

Type

Levels Commercial Sale

Size -

Garage

Taxes

Days Active 0

Lot Size

Approx. Age 2026

MLS® Number 2615360

Property Address: 1005 Westover Hills Blvd, Richmond, VA, 23225

Average square foot calculated using Size range provided by listing agent.

Description

Welcome to 1005 Westover Hills Boulevard, a rare fully entitled mixed-use development opportunity located within Richmond's rapidly evolving Westover Hills corridor. The property benefits from an approved Special Use Permit (SUP) allowing for the construction of a three-story mixed-use building featuring approximately 4, 500 square feet of ground-floor commercial space and up to 12 residential units above. The approved concept includes modern architectural elevations, dedicated off-street parking, elevator access, outdoor patio areas, and prominent frontage along Westover Hills Boulevard. Positioned within the Westover Hills Neighborhood Node and designated Community Mixed-Use under the Richmond 300 Master Plan, the site is ideally suited for developers, owner-users, investors, medical office operators, and builders seeking a long-term mixed-use investment in one of Richmond's most active redevelopment corridors. The approved commercial component may accommodate a variety of commercial users, creating a flexible mixed-use environment designed to serve both the surrounding neighborhood and the broader South Richmond market. The residential component further enhances the project's long-term viability by capitalizing on continued demand for urban housing within an established and growing corridor. In addition to being offered for sale, ownership is exploring pre-leasing opportunities for the commercial component at an asking rate of $32.00/SF NNN. Securing commercial tenancy prior to construction may provide future developers with enhanced project economics, improved financing opportunities, and a clearer path toward stabilization. This offering presents a unique opportunity to acquire a development-ready asset with significantly reduced entitlement risk, allowing buyers to focus on execution rather than approvals. Whether pursued as a land acquisition, owner-user development, or long-term mixed-use investment, the property offers multiple avenues for value creation.

MLS® Number2615360

Laundry Level

Central VacNo

FireplaceNo

Acreage

Exterior

Garage

Approx. Age2026

Basement

Driveway

Garage Spaces

Heat

A/C

Heating Fuel

Extras

Price History

-End Date

Not Sold YetSold Price

For Sale

Jun 5, 2026List Date

$650,000List Price

Commute

Commute

Starting Address

Destination Address

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