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531 Mosby Street, Richmond, VA 23223 (MLS # 2523307)

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PRICE $160,000 dsIDX morgage calculator
BEDS 0
BATHS 0
HOME SIZE n/a
LOT SIZE 3,267 sqft

Great Chance to build a BRAND NEW Home in an incredible location!! Opportunity awaits with a multitude of by-right development options in this desirable city neighborhood! No SUP's needed here"”these parcels are already zoned R-63, giving investors, builders, and developers tremendous flexibility. 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. Together, 529 & 531 Mosby offer 72 feet of street frontage and over 10,000 square feet of parcel space, allowing between 1-10 residential or mixed-use units by right. Build single-family homes, condos, or apartments"”whether your strategy is to build to sell or build to rent, the options are endless. Zoning confirmation letters and surveys are already in hand, streamlining your planning process. For those seeking a less dense approach, the vacant lot (24'x159') can accommodate a new construction dwelling, while the existing structure on the adjacent lot (48'x159') is primed for a major renovation or a large addition. Restoring and expanding the current building could yield a high-value resale or long-term rental. These unusually deep city lots also provide room for off-street parking and generous outdoor space, features that are increasingly rare and highly desirable in this market. Whether your vision is small-scale"”rehabbing and selling the existing house with its oversized lot"”or larger scale"”redeveloping the combined parcels into multiple new homes"”this property delivers on both flexibility and potential. 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.

DAYS ON MARKET 8 LAST UPDATED 8/22/2025
TRACT Mosby YEAR BUILT 0
COMMUNITY 10 - Richmond COUNTY Richmond City
STATUS Active PROPERTY TYPE(S) Lot/Land/Acreage

SCHOOLS
Elementary School Bellevue
Jr. High School Martin Luther King Jr.
High School Armstrong


ADDITIONAL DETAILS
AREA 10 - Richmond
LOT 3267 sq ft
LOT DIMENSIONS 24.84X158.77
SEWER Public Sewer
SUBDIVISION Mosby
TAXES 1200
UTILITIES Water Connected, Cable Available, Natural Gas Available, Electricity Available
WATER Public
ZONING R-63
MORTGAGE CALCULATOR
   

TOTAL MONTHLY PAYMENT

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Listed with Hometown Realty

All or a portion of the multiple Listing information is provided by the Central Virginia Regional Multiple Listing Service, LLC, from a copyrighted compilation of Listings. All CVR MLS information provided is deemed reliable but is not guaranteed accurate. The compilation of Listings and each individual Listing are ©2025 Central Virginia Regional Multiple Listing Service, LLC. All rights reserved.

IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing

Last Updated: 8/30/25 12:17 AM PDT

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