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    13406 Midlothian Tpke Midlothian, VA 23113

    Sponsored
    For Sale
    $449,000

    Prime Midlothian location, approved site plan.

    Property size:
    1 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional commercial opportunity in Midlothian, Virginia, presents 1.35 acres of prime real estate ideally suited for retail or office development. The property consists of two lots totaling 1.35 acres, with the main lot at 13406 Midlothian Turnpike encompassing approximately 0.91 acres and a second lot at 1025 Salisbury Drive comprising approximately 0.44 acres. Convenient road access and easements serve both lots. The site plan is already approved, streamlining the development process. This high-visibility location is situated across from Midlothian Middle School, ensuring significant potential foot traffic and exposure. The property's versatility allows for a wide range of commercial uses, including, but not limited to: retail centers, office spaces, antique stores, bowling alleys, music schools, gyms, medical and dental offices, pet shops, and more. Public utilities and sewer are available. This is a rare opportunity to acquire a highly desirable commercial property in a thriving Midlothian community. The asking price is $449,000.

    Property Features for 13406 Midlothian Tpke

    General Information

    Property type
    Land
    Square Feet
    1 SF
    Lot Size
    58,806 SF

    HighLights

    • 1.35‑acre commercial lot in Midlothian, VA, ideal for retail or office development.
    • Two parcels totaling 1.35 acres: 0.91 acres at 13406 Midlothian Turnpike and 0.44 acres at 1025 Salisbury Drive.
    • Approved site plan simplifies development.
    • High‑visibility location across from Midlothian Middle School.
    • Public utilities and sewer available.
    • Asking price: $449,000.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Midlothian
    County
    Chesterfield
    State
    Virginia
    Longitude
    -77.647845
    Latitude
    37.503851

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    FAQs

    What type of property is this?
    Land - Prime Midlothian location, approved site plan.
    Where is this land located?
    The property is located at 13406 Midlothian Tpke Midlothian, VA.
    What is the asking price?
    The asking price for this property is $449,000.
    What are key features of this property?
    This property features: 1.35-acre commercial lot in Midlothian, VA, ideal for retail or office development.; Two parcels totaling 1.35 acres: 0.91 acres at 13406 Midlothian Turnpike and 0.44 acres at 1025 Salisbury Drive.; Approved site plan simplifies development.
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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
    13406 Midlothian Tpke Midlothian, VA 23113
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