2700 West Leigh Street & 1301 N. Arthur Ashe Boulevard,
Richmond, VA, 23230
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Land For Sale
Up to 16.93 Acre Development Opportunity Located in Scott's Addition
CBRE has been retained as the exclusive advisor for the sale of 1301 N. Arthur Ashe Boulevard and 2700 W. Leigh Street, the two largest available single development sites (owner will sell either 5.88 acres or the entire 16.93 acres) in Richmond’s vibrant Scott’s Addition neighborhood. Perfectly located in Richmond’s fastest-growing neighborhood, and in the high-density TOD-1 Zone, 1301 N. Arthur Ashe Boulevard and 2700 W. Leigh Street offer a unique urban development opportunity with unprecedented density and versatility.
The Scott’s Addition neighborhood is enjoying an extraordinarily rapid transformation from its industrial history to a pedestrian-friendly, young, hip and diverse upscale residential and commercial community. The property and neighborhood are benefited by the central location fronting Arthur Ashe Boulevard and encompassing Bow Tie Cinemas’ Movieland, with immediate access to major interstates, apartments, breweries, restaurants, entertainment venues, grocery stores and high-profile corporate office users.
The Greater Richmond region continues to grow amidst the evolving environments with continued population and job growth, demographic diversification and unemployment rates adjusting back to all-time lows. The demographic shift is driven by the millennial generation moving back into urban neighborhoods such as Scott’s Addition. Richmond has been recognized as a leading destination for the younger workforce and companies seeking talent. Richmond has accordingly experienced over 4% annual residential rent growth, placing it 11th in the nation and a most recent increase of 2% during COVID-19. Scott’s Addition is Richmond’s number one choice for a growing workforce and its employers to call home.