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    00 Richmond Tpke Milford, VA 22514

    For Sale
    $149,900

    2.2 Acres, B-1 Zoning, High Visibility

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    313
    This exceptional 2.2-acre commercial lot presents a unique opportunity for entrepreneurs and developers in Milford, VA. Located at 00 Richmond Turnpike, this property boasts a highly desirable B-1 zoning classification, allowing for a multitude of commercial uses, both by right and with special exceptions. The lot's strategic corner location provides excellent visibility, fronting on three roads, ensuring high traffic exposure for any business. The topography offers a blend of rolling hills and flat areas, providing flexibility in development plans. Essential utilities are readily accessible, with water and sewer available for connection, or the option to utilize an on-site septic system. The property is conveniently situated within sight of the Community Services Building, Hidden Acres Campground, and a Farmer's Market, benefiting from the existing local infrastructure and foot traffic. Most of the lot is already cleared, minimizing site preparation costs and accelerating the development process. This is an ideal location for a variety of commercial ventures, offering significant potential for growth and return on investment. The asking price is $149,900. Don't miss this chance to secure a prime commercial property in a thriving community. Contact us today to learn more and schedule a site visit.

    Property Features for 00 Richmond Tpke

    General Information

    Property type
    Other commercial real estate
    Lot Size
    95,832 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Building Supply Dental Office Auto Repair Shop Auto Parts Store Kitchen & Bath HVAC Service Convenience Store Daycare Center Veterinary Clinic Plumbing Service

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Milford
    County
    Caroline
    State
    Virginia
    Longitude
    -77.33997
    Latitude
    38.02671

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    FAQs

    What type of property is this?
    Commercial real estate - 2.2 Acres, B-1 Zoning, High Visibility
    Where is this commercial real estate located?
    The property is located at 00 Richmond Tpke Milford, VA.
    What is the asking price?
    The asking price for this property is $149,900.
    (804) 347-9347
    Request Owner's contact information
    00 Richmond Tpke Milford, VA 22514
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    00 Richmond Tpke Milford, VA 22514
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