12726 Midlothian Tpke - Commercial LAND FOR SALE


Midlothian, VA 23113 60,984 SF
$445,000 USD
804-869-3059
12726 Midlothian Tpke, Midlothian, VA for Sale
$445,000 USD
Commercial LAND - FOR SALE
1/10
60,984 SF

12726 Midlothian Tpke
Midlothian, VA 23113


HIGHLIGHTS

  • Commercial development preferred by county
  • ADT of 39,000
  • Route 60 West Frontage
  • 4.8 acres assemblage possible with neighboring off-market parcels
  • Major development cooridor of Chesterfield County | Midlothian Village Special Area Plan Requirements
  • Perfect storage facility location with minimal competition and access to high commuter traffic

OVERVIEW

Welcome to 12726 Midlothian Turnpike which is conveniently nestled in a prime area of the Greater Richmond MSA undergoing an impressive development trend. This 1.41 acres enjoys Midlothian Turnpike frontage with an ADT of 39,000 and is perfect for any use in need of a high ADT with evening commuter targeting. The adjacent 3.4 acre parcels were previously for sale and may be available to increase overall development acreage, however those parcels are no longer on the market at this time. Close to Walton Park, Salisbury, The Grove and other major residential areas; retail giants like Walmart, Food Lion, American Family Fitness, Wegman’s, Petco, Party City, Walgreens, CVS and Sam’s Club have enjoyed long term success in the area with other small retailers joining the fray. The site would be perfect for a self-storage facility, medical office, retail use, owner-user freestanding commercial or even multi-family (with adjoining parcels). This land is located in a prime rental rate area which can produce higher than expected returns post development. Currently priced to move, this 1.41 acres now favors developer entry into the area with primary road frontage needs. There is currently a 1 inch water line to the property, which may need to be expanded. Sewer line is located behind the property and a potential easement with the neighboring partner may be required. County will not allow septic at this area, but has offered incentives to expand the water line across Route 60.

FOR SALE DETAILS

PRICE

$445,000 USD

PRICE/ACRE

$317,857/AC

PRICE/SF

$7 USD /SF

# OF LOTS

-

LAND DETAILS

PROPERTY NAME

12726 Midlothian Tunrpike

PROPERTY TYPE

Land

PROPERTY SUBTYPE

Commercial

LAND PROPOSED USE

Commercial, Retail, Office, Apartment Units, General Freestanding, Medical

LAND ACRES

1.4 AC

LAND SF

60,984 SF

OFFSITE IMPROVEMENTS

-

ZONING

R-7

APN/PARCEL ID

734-70-81-71-000-000

ASK ABOUT THIS PROPERTY

David GauldenThe Gaulden GroupMore Info
804-869-3059

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David GauldenThe Gaulden GroupMore Info
804-869-3059

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.