1005 WESTOVER HILLS BLVD, RICHMOND, VA 23225

The Gaulden Group is pleased to present 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 office, medical, dental, retail, restaurant, and service-oriented 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 walkable 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 within one of Richmond's most desirable neighborhood commercial districts.