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PARCEL #42-8921

Zoning Legend

R-2 Residential
Mixed Use
Commercial
Lat: 37.5407
Lng: -77.4360
Build Ready

1247 Meadowbrook Lane

Richmond, VA 23220

Parcel ID

#42-8921

Lot Size

0.42 acres

Zoning

R-2

Owner

Private

Market Value

$485K

Tax assessed

Build Potential

High

2-4 units

GeoIntel Feasibility Score

84
Excellent

Location

9.2

Access

8.8

Risk

7.9

Development Summary

Prime residential lot with excellent infrastructure access. Zoning permits multi-family development up to 4 units. Strong market fundamentals with growing neighborhood demand.

Key Highlights

Fiber broadband available (1 Gbps)

Municipal water & sewer connected

No wetlands or protected areas

Flood zone X (0.2% annual chance)

Nearby Amenities

Shopping Center 0.8 mi
Elementary School 1.2 mi
Public Transit 0.3 mi

Zoning Classification

R-2 Residential

Low-density residential district

Permitted

Permitted Uses

Single-family dwelling
Duplex / two-family
Townhouse (up to 4 units)
Accessory dwelling unit

Development Limits

Max Building Coverage 40%
Max Height 35 ft

Front Setback

20 ft

Side Setback

8 ft

Utilities Available

Municipal Water

Connected

Municipal Sewer

Connected

Electric Grid

Dominion Energy

Natural Gas

Available

Broadband Access

Fiber Available

Verizon Fios

1 Gbps

Symmetric upload/download speeds

Road Access

Road Type Paved Public
Width 32 ft
Condition Excellent
Traffic (ADT) 1,840

Risk Assessment

Overall Risk Score Low (7.9/10)

Flood Risk

Minimal Flood Risk

FEMA Zone X - 0.2% annual chance

Flood insurance recommended but not required. Consider mitigation measures for basement construction.

Environmental Compliance

No wetlands on site
No endangered species habitat
No EPA Superfund sites nearby
Soil quality suitable for construction

Other Risk Factors

Wildfire Risk Very Low
Earthquake Risk Very Low
Landslide Risk Very Low

Federal Contractor Demand

High Federal Activity Zone

Defense & IT procurement nearby

71
Active Federal Contracts (10mi) 142
Total Contract Value $2.4B
Nearest Military Installation 14.2 mi

Economic Indicators

Employment Growth +3.8%
Business Formation Rate Above Avg
GDP Per Capita (MSA) $62,400

Opportunity Zones

Qualified Opportunity Zone

Tax incentives available for investment in this census tract

Market Overview

Median Home Price

$412K

8.2% YoY

Days on Market

18

Fast moving

Neighborhood Trends

Price Growth (5yr) +42%
Inventory Level Low

Demographics

Median Household Income $78,400
Population Growth (5yr) +12.8%
Median Age 36 years
Education (Bachelor+) 48%

Investment Potential

Strong Growth Market

High demand, limited supply, and strong economic fundamentals make this an attractive development opportunity.

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