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53 Acres Commercial Development Land
For Lease
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15150 Benns Church Blvd, Smithfield, VA 23430

53 acres entitled for 650,000+ SF commercial development.

Space SizeContact for details
Property Size650,000 SF
Days on Market292

Property Features for 15150 Benns Church Blvd

General Information

Standard status Active
Size 650,000 SF
Property subtype Retail

Building Details

Building Size 650,000 SF

Spaces For Lease

at 15150 Benns Church Blvd Contact us

51+ ACRES | 650,000+ SF OF NEW RETAIL & OFFICE USE

Type
Retail
Term
Negotiable
Rate
Contact for pricing
Contact us
Listing Agency: S.L. Nusbaum Realty Co - Corporate
Listed By: Tyler Jacobson
Source: Slnusbaum
Added: Nov 25, 2025 Changed: Sep 11 Last Checked: Sep 12 at 7:21AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of S.L. Nusbaum Realty Co - Corporate

Investment Insights

Based on property information with market context.

This 53-acre property is fully entitled for over 650,000 square feet of new commercial development. It is listed for sale at $275,000 per acre, with the owner willing to subdivide at a higher price per acre. The approved master site plan includes a retail shopping center with anchor and inline spaces, freestanding shops, and up to nine retail or office out parcels. The land is cleared and level, having been recently or currently used for agriculture. Former borrow pits have been configured into permanent lakes, serving as the stormwater management system for the entire 292-acre mixed-use development. Water and sewer infrastructure is already in place to serve the entire commercial property. A water main along Route 10 is installed and connected to the city of Suffolk to the south. The county is moving forward with a water tower to boost water pressures in the area.

Key Highlights

  • Fully entitled and approved for over 650,000 SF of commercial space.
  • 53 Acres available, owner will subdivide.
  • Water and sewer infrastructure in place.

Property Analytics

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Current Use

Spring Grove Way Homestay

Suggested Use

Top Pick Building Supply Auto Repair Shop Real Estate Agency Grocery & Convenience Store (Bike/Boat/Book/etc) Store Big Box & Wholesale Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

31
Businesses Nearby

Demographics for 23430, VA

18,232
Population
7,961
Households
2.3
Avg Household Size
47
Median Age
32%
College-Educated
93%
High-School Grad
104.1 sq mi
ZIP Area
175
Density / Sq Mi
$103,580
Median Household Income
$53,070
Median Earnings
$1,162
Median Rent
$347,700
Median Home Value
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Frequently Asked Questions

What type of property is this?
Land - 53 acres entitled for 650,000+ SF commercial development.
Where is this land located?
The property is located at 15150 Benns Church Blvd Smithfield, VA.
What are key features of this property?
This property features: Fully entitled and approved for over 650,000 SF of commercial space.; 53 Acres available, owner will subdivide.; Water and sewer infrastructure in place.
More about this property
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