For Sale · Opportunity Zone and Enterprise Zone with Flexible B-7 Zoning
Prime Industrial or Redevelopment Site in Scotts Addition – Diamond District Area
1901 Westwood Avenue Richmond Virginia 23227
Asking$5,500,000
For Sale · Opportunity Zone and Enterprise Zone with Flexible B-7 Zoning
1901 Westwood Avenue Richmond Virginia 23227
Rare opportunity to purchase a large 2.7 acre parcel in the hot Westwood submarket. Immediate access to I-64, I-95 and I-195. The B-7 zoning is extremely flexible and allows for a wide spectrum of uses and redevelopment options. A business owner could occupy and lease any warehouse that they don’t need. It also has major potential as a redevelopment for multifamily, mixed-use, commercial or industrial.
Opportunity Zone and Enterprise Zone incentives make any redevelopment, renovation or adaptive reuse of the property extremely attractive.
ABOUT WESTWOOD
Westwood is a dynamic and centrally located neighborhood that seamlessly blends commercial growth with residential charm. Positioned between the bustling Scott’s Addition district and the prestigious University of Richmond area, Westwood is experiencing a surge in development, making it an attractive destination for businesses seeking a strategic foothold in the city. With convenient access to major roadways, including I-195 and Broad Street, the neighborhood offers unparalleled connectivity to downtown Richmond, the West End, and beyond.
Westwood’s transformation in recent years has been driven by an influx of new businesses, modern mixed-use developments, and revitalized industrial spaces catering to creative industries, technology firms, and innovative retail concepts. The neighborhood’s blend of historic character and contemporary growth makes it an appealing location for office spaces, retail storefronts, and flex-use properties. As Richmond continues to expand, Westwood stands out as a prime opportunity for investors and businesses looking to capitalize on the city’s upward trajectory.
Chris is a Richmond native and industry veteran with extensive experience in real estate investment and development. For 13 years he served as Principal and in-house Broker with Riverstone Properties, managing and growing a diverse portfolio for one of Virginia’s prominent families. This provided the opportunity to work in all sectors of commercial real estate.
Prior to joining Riverstone, Chris served as a Vice President and Project Manager with East West Partners of Virginia for 10 years. He holds an MBA with a concentration in Real Estate Development from VCU and an undergraduate degree from East Carolina University.
In 2024, Chris started his consulting company, Double C Real Estate, and joined One South Commercial as an Associate Broker to draw on his experience and help families, businesses and investors evaluate, optimize and grow their commercial real estate holdings.
Tom Rosman has been brokering investment real estate since the early 1990’s in the Richmond, VA, metro area. He has brought hundreds of transactions to a successful conclusion, including large apartment complexes, apartment buildings in historic neighborhoods, office buildings, retail properties, mixed use buildings, and numerous historic adaptive reuse properties.
Tom was one of the first brokers to recognize the transformative changes occurring in many of Richmond’s most architecturally significant but ignored neighborhoods. Having helped place many of the warehouses and other commercial structures in the hands of Richmond’s development community, Tom’s belief in what a property should be was never compromised by the condition it was in.
DISCLAIMER: This offering memorandum is intended as a reference for prospective purchasers in the evaluation of the property and its suitability for investment. Neither One South Commercial nor Seller make any representations or warranties with respect to the accuracy or completeness of the materials contained in the offering memorandum. Prospective purchasers should evaluate the property independently and rely solely on such independent evaluation in determining whether to purchase the property. The offering memorandum, pricing, and terms therein are subject to change or withdrawal at the discretion of Seller and One South Commercial, as Seller’s exclusive representative. *Information provided deemed reliable but not guaranteed
