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    39 Broad Street Rd Manakin-Sabot, VA 23103

    Sponsored
    For Sale
    $20,000,000

    Manakin-Sabot, VA: Commercial & Residential Potential

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 47.5-acre parcel, located at 39 Broad Street Road in Manakin-Sabot, Virginia (zip code 23103), presents a unique investment opportunity. Situated in Goochland County, this property boasts a strategic location just west of Short Pump, offering convenient access to major roadways and amenities. Currently zoned B-1/A-2, the land offers significant flexibility for development. The county's MPUD code allows for the possibility of rezoning to Mixed Use, enabling a blend of commercial and residential projects. With a total asking price of $20,000,000, the land value equates to $325,000 per acre. This represents a compelling price point for developers seeking a substantial land holding in a high-growth area. The property is being offered for sale by owner, under a partnership ownership structure. Detailed information regarding permitted uses and potential rezoning options is readily available upon request. This prime location and zoning flexibility make this 47.5-acre tract an ideal canvas for a variety of development scenarios, catering to both commercial and residential needs. Serious inquiries are encouraged to explore the full potential of this remarkable property.

    Property Features for 39 Broad Street Rd

    General Information

    Property type
    Land
    Lot Size
    2,069,100 SF

    HighLights

    • 47.5‑acre parcel in Manakin‑Sabot, VA (23103).
    • Strategically located west of Short Pump with convenient access to major roadways.
    • B‑1/A‑2 zoning, with potential for Mixed‑Use rezoning via MPUD.
    • $20,000,000 asking price, $325,000 per acre.
    • Offered by owner, partnership ownership.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Manakin-Sabot
    County
    Goochland
    State
    Virginia
    Longitude
    -77.681185158341
    Latitude
    37.669567336225

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    FAQs

    What type of property is this?
    Land - Manakin-Sabot, VA: Commercial & Residential Potential
    Where is this land located?
    The property is located at 39 Broad Street Rd Manakin-Sabot, VA.
    What is the asking price?
    The asking price for this property is $20,000,000.
    What are key features of this property?
    This property features: 47.5-acre parcel in Manakin-Sabot, VA (23103).; Strategically located west of Short Pump with convenient access to major roadways.; B-1/A-2 zoning, with potential for Mixed-Use rezoning via MPUD.
    Request Owner's contact information
    39 Broad Street Rd Manakin-Sabot, VA 23103
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    Manakin-Sabot, VA 23103
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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
    39 Broad Street Rd Manakin-Sabot, VA 23103
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