#1 • Public Auction | Online Only | 14 Lots Totaling 9.5± Acres | Buildable Plans Available | Brookland Gardens Subdivision | Zoned R-3 | 1203-1310 2nd Ave | Henrico, VA

Part of SOLD! Public Auction | Online Only | 14 Lots Totaling 9.5± Acres | Buildable Plans Available | Brookland Gardens Subdivision | Zoned R-3 | 1203-1310 2nd Avenue | Henrico, VA (listings by Motleys Asset Disposition Group)

Category: Real Estate

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 Assessed for $352,600 - Opening Bid Only $75,000! Average comparable sales price for a single-family home is $407,000 Located in the well-established neighborhood of the Brookland Gardens Subdivision 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