Richmond Property Listed With Development Permits
Owners of the site at 5728 Patterson Ave have put the parcel on the market with approved plans for a four-story building.
Updated on Sept. 24, 2026 in Commercial
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The 0.3-acre site at 5728 Patterson Ave in Richmond has been listed for sale by the Frayser and Robins families. The property, currently featuring an 8,300-square-foot structure built in 1949, comes with a special-use permit for a new four-story office and retail development.
Why it matters
The owners decided to sell the property because they lacked the necessary experience for commercial real estate development and the existing building requires significant renovations. This transition marks an end to a family ownership tenure that has lasted since the mid-1960s.
The 0.3-acre site is approved for 29,000 square feet of office space, an outdoor dining area, and a 24-spot covered parking lot. The current 1949-era structure totals 8,300 square feet.
The players
Reilly Marchant
He is the commercial real estate broker managing the sale of the property.
Westhampton Pastry Shop
This local business previously operated on the property before relocating to the Regency area in 2026.
The details
The site was previously home to the Westhampton Pastry Shop until its relocation earlier in 2026. The developers secured a special-use permit in spring 2026 to allow for the future four-story building design.
Timeline
The existing structure was originally built in 1949.
The families purchased the parcel in the mid-1960s.
Development plans were first created in late 2023.
The owners obtained a special-use permit in spring 2026.
The property was listed for sale the week of September 24, 2026.
Culture Shift
The transition of this land from a mid-century building to a high-density mixed-use site reflects the broader urban densification of the Libbie-Patterson corridor. This change marks a departure from traditional low-rise retail layouts toward modern commercial footprints in Richmond.
Residents and business owners near the Libbie-Patterson corridor may see construction activity as the site transitions from its 1949 structure to a larger, modern facility. This shift will likely increase local parking demand while potentially providing new office and retail options for the community.
The takeaway
Property owners looking to redevelop historic sites should weigh the costs of renovation against the value of selling land with pre-approved development permits. This sale highlights how planning entitlements can significantly change the market profile of an aging, small-acreage commercial asset.
Further reading
For more information on the evolving local business landscape, visit Richmond Commercial.
Source note: This article includes information reported by Richmond BizSense.
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