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    16490 Us-1 Chester, VA 23831

    Sponsored
    For Sale
    $1,450,000

    17 Acres, High Visibility, C-5 Zoning

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 17-acre commercial land parcel presents a unique investment opportunity in Chester, Virginia. Strategically located on Route 1, this property boasts significant road frontage, ensuring high visibility and accessibility for any commercial venture. The land is comprised of two lots sold together, offering flexibility in development plans. The permitted zoning is C-5 and Agricultural, allowing for a diverse range of potential uses. The property's address is 16490 US-1, Chester, VA 23831, within Chesterfield County. With its prime location and versatile zoning, this site is ideal for businesses seeking high traffic exposure. The property is currently listed at $1,450,000. While there is an existing lease on the property, it expires February 28, 2026, leaving a remaining term of approximately 1.3 years. This presents an opportunity for immediate development or a strategic acquisition for future use. The latitude and longitude coordinates are 37.295953 and -77.41071 respectively. Don't miss this chance to secure a prominent commercial site in a thriving area.

    Property Features for 16490 Us-1

    General Information

    Property type
    Land
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Chester
    County
    Chesterfield
    State
    Virginia
    Longitude
    -77.41071
    Latitude
    37.295953

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    FAQs

    What type of property is this?
    Land - 17 Acres, High Visibility, C-5 Zoning
    Where is this land located?
    The property is located at 16490 Us-1 Chester, VA.
    What is the asking price?
    The asking price for this property is $1,450,000.
    (540) 372-7675
    Request Owner's contact information
    16490 Us-1 Chester, VA 23831
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    16490 Us-1
    Chester, VA 23831
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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
    16490 Us-1 Chester, VA 23831
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