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421 Old Osborne Tpke

21.35 Acres of Commercial Land in Richmond, VA 23231

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Executive Summary

JLL and the Commonwealth of Virginia offer for sale 21.35 acres of premiere developable land in Henrico County, VA. Zoned M-2 and located in an Opportunity Zone, this redevelopment site offers prospective buyers with an ideal infill development site. Located along the I-95 industrial corridor, the site sits minutes from the Richmond Central Business District on Virginia State Route 5. The property benefits from 400 Ft. of frontage along Old Osborne Turnpike (Rt. 5) and 1,500 Ft. facing Bickerstaff Rd. Formerly the Virginia Department of Transportation Central Warehouse, the state now offers for sale this land with a call for offers by October 2024. Please contact JLL listing agents for more details and tour opportunities.

Osborne & Bickerstaff Property Brochure 07-2024

Property Facts

Sale Type	Investment	Property Subtype	Commercial
Sale Conditions	Redevelopment Project	Proposed Use	Commercial Retail Apartment Units Apartment Units - Condo Apartment Units - Senior General Freestanding Hold For Development Hold For Investment Master Planned Community
No. Lots	1	Total Lot Size	21.35 AC
Property Type	Land	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.

Sale Type	Investment
Sale Conditions	Redevelopment Project
No. Lots	1
Property Type	Land
Property Subtype	Commercial
Proposed Use	Commercial Retail Apartment Units Apartment Units - Condo Apartment Units - Senior General Freestanding Hold For Development Hold For Investment Master Planned Community
Total Lot Size	21.35 AC
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.

1 Lot Available

Lot

Lot Size	21.35 AC

Lot Size	21.35 AC

• Ideal infill development site • Suitable for IOS / outdoor storage • Zoned M-2 • Located in Henrico County • 21.35 acres • Opportunity zone • 3.5 miles to S. Laburnum & I-895 • Proximate to Rockett’s Landing

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