7098 Fernwood ST Active

Richmond,VA 23228

$ 1900000

- Bed

0 Bath

- SqFt


Key Details

Property Type Commercial

Sub Type Townhouse

Listing Status Active

Purchase Type For Sale

MLS Listing ID 2506305

HOA Y/N No

Year Built 1966

Lot Size 3.921 Acres

Acres 3.921

Property Sub-Type Townhouse

Property Description

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 31 units 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.

Location

State VA

County Henrico

Area 32 - Henrico

Building

Story 3

Level or Stories Three Or More

Others

Tax ID 770-749-9008.002

Ownership Investment,Owner-User

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