Coming Soon | Online Only | 14 Lots Totaling 9.5± Acres | Buildable Plans Available | Brookland Gardens Subdivision | Zoned R-3 | 1203-1310 2nd Ave | Henrico, VA
Details
1203-1310 2nd Avenue, Henrico, VA 23228
Sale Date and Time: Sale opens for online bidding on Monday, August 25th at 9:00 AM and closes on Thursday, August 28th at approximately 2:00 PM.
Location: Online Only
Don’t miss this rare investment opportunity in Henrico County! This offering includes 14 lots totaling approximately 9.5± acres in the well-established Brookland Gardens Subdivision. With a combined county-assessed value of $352,600, these parcels are ideally positioned for residential development or long-term investment. The neighborhood boasts an average sales price of $407,000 for single-family homes, providing strong upside potential. Conveniently located near I-95, I-64, and just minutes from the City of Richmond, as well as area shopping and dining.
Property Highlights
- 14 Lots totaling 9.5± acres
- Assessed for $352,600!
- Located in the well-established neighborhood of the Brookland Gardens Subdivision
- Average comparable sales price for a single-family home is $407,000
- Close proximity to the City of Richmond, shopping, dining and I-95/I-64
Why You’ll Love It
- Prime investment opportunity—14 lots totaling 9.5± acres with a strong assessed value and high comparable sales in a desirable neighborhood
- Located in Brookland Gardens, a well-established community with proven market demand and steady home values
- Just minutes from Richmond, major interstates (I-95 & I-64), shopping, and dining—making it highly attractive for future homeowners or renters
- Offers flexibility for residential development, a builder’s portfolio, or long-term land holding in one of Henrico County’s most convenient locations
Ideal For
- Residential developers or builders looking to create new single-family homes in an established and in-demand neighborhood with solid comps
- Real estate investors seeking a multi-lot land portfolio with strong upside potential and proximity to key amenities and highways
- Buy-and-hold investors interested in land banking in a growing area of Henrico County with easy access to Richmond
- Local builders or contractors who want shovel-ready lots in a community where homes sell for an average of $407,000
Bidder Requirements and Auction Terms
- Online Bidders
- All bidders MUST register and submit the initial deposit no later than one hour prior to the sale start time via wire transfer or credit card
- All required documentation must be fully completed and submitted before bidding privileges are approved
- Auction Terms
- Buyer’s Premium: A 10% buyer’s premium will be added to the highest bid to determine the purchase price
- Deposit: $5,000
- Settlement: Settlement must occur within 45 days of the sale
- Online Registration Deadline: Online registration must occur no later than 24 hours prior to the auction start time
Important to Note
- All sales are AS-IS, WHERE-IS and WITHOUT ALL FAULTS
- Time is of the essence regarding the closing date
- All bidders are encouraged to conduct their own due diligence regarding the property prior to bidding
Call Carly Hancock at 804-335-9994 or chancock@motleys.com
