529 Mosby Street, Richmond, VA 23223

Property Description

Great chance to buy a home in R-63 zoning in an incredible location!! Opportunity awaits with a multitude of by-right development options in this desirable city neighborhood. By Right options include renovating the existing home and adding an ADU, building up to 5 additional units as a multifamily, or making the current home a detached two family dwelling. NO SUP needed - giving homeowners, investors, builders, and developers tremendous flexibility. Whether your goal is to build to sell or build to rent, the options are endless. Located only one block from beautiful Jefferson Park and just a short walk to Union Hill’s favorite restaurants and cafes (Pizza Bones, Fat Rabbit Bakery, Alamo BBQ, The Roosevelt, and more), this property is surrounded by established community charm and steady growth. Zoning confirmation letters and surveys are already in hand, streamlining your planning process. For those seeking a less dense approach, the existing structure on the lot (48’x159’) is primed for a major renovation or a large addition with an ADU. Restoring and expanding the current building could yield a high-value resale or long-term rental. This unusually deep city lot also provides room for off-street parking from the alley and generous outdoor space -features that are increasingly rare and highly desirable in this market. Opportunities like this, with zoning already in place and development pathways clearly defined, are exceptionally rare. Don’t miss your chance to invest in a fast-growing neighborhood and bring your project to life in one of the city’s most dynamic locations!!