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22250224
24978469

7098 Fernwood St, Henrico, VA 23228

RR
VA VA 0225187102
One South Commercial
CC
VA 0225066800
One South Commercial
Listed by One South Commercial
$1,900,000
450 days on market
Updated 32 days ago

125-Unit Assisted Living or Memory Care Development Site

Details
APN 770-749-9008.002
Property Type Senior Living
Units 125
Acreage 3.921
Zoning R-6C

Fully Entitled & Site Plan Approved

Marketing 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.

Investment highlights

  • Within the Carriage Hill CCRC

  • Glenside submarket

  • 31 units can be independent living

Listing Contacts

RR
VA VA 0225187102
One South Commercial
CC
VA 0225066800
One South Commercial
Listed by One South Commercial

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Additional Information

Name
Ryan Rilee
License
VA 0225187102
Brokerage Phone
8046901482
Title
Virginia
Brokerage Address
2800 Patterson Avenue
Name
Chris Corrada
License
0225066800
Brokerage
One South Commercial
Title
Real Estate Broker
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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