Details

3211 Rear Scottdale Street, Richmond, VA 23234

Unlock the potential of this 8.58± acre vacant parcel located in the Scottdale Subdivision of Richmond City. Zoned R-4, this property offers an excellent opportunity for residential development, investment, or a private homesite within city limits. Ideally positioned just 8 minutes from I-95, 14 minutes to Downtown Richmond, and 17 minutes to Richmond International Airport, the location provides both convenience and accessibility. With its generous size and favorable zoning, this property is well-suited for those looking to capitalize on Richmond’s continued growth and demand for housing.

• Appraised for $312,000! Opening Bid Only $100,000!
• Potential for 28-Lot Single Family Residential Subdivision
• 8.58± Acre Lot; Zoned R-4 in the Scottsdale Subdivision
• Development or Investment Opportunity
• Online Only Auction - Countdown to Closing Event - Being Sold in Sale 1 of 2

Sale Date and Time

Online Bidding Opens: Tuesday, April 21^st at 12:00 PM

Sale Closes: Thursday, April 23^rd at approximately 3:30 PM

Sale Location: Online Only

Property Tours

Interested parties may tour the property at their convenience. Please be mindful of neighbors.

Ideal For

Ideal for developers, builders, or investors seeking residential land opportunity.

Auction Term Highlights and Bidder Requirements

• Auction Term Highlights
  • Registration Deposit: An initial deposit of $5,000 is required for bidder registration and approval to bid
  • Buyer’s Premium: A 10% buyer’s premium will be added to the highest bid to determine the purchase price
  • Settlement: Settlement must occur within 60 days of the sale. Time is of the essence
• Online Bidder Requirements
  • All bidders MUST register and submit the initial deposit no later than 24 hours prior to the start of the sale

Important to Note

• All sales are AS-IS, WHERE-IS and WITH ALL FAULTS
• All bidders are encouraged to conduct their own due diligence regarding the property prior to bidding
• The terms and conditions presented at the time of sale supersede any prior or other terms and conditions related to this sale

Financial Lender Recommendations

• Ashley Howell (First Bank & Trust Company)
  • ahowell@firstbank.com
  • 540-421-6732
• Lindy Pond (Consistent Capital)
  • lindy@consistentcapital.com
  • 804-647-7866
• Briana Sparrow (Atlantic Bay Mortgage Group)
  • brianasparrow@atlanticbay.com
  • 804-878-0509
• Megan Rodgers (Farm Credit)
  • mrodgers@FCVirginias.com
  • 434-956-1139
• Mike Krumbein (Richmond Mortgage Inc.)
  • mike@richmondmortgageinc.com
  • 804-240-9314

Call Carly Hancock at 804-335-9994 or chancock@motleys.com