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    Us-17 & Providence Rd Gloucester Point, VA 23072

    For Sale
    $795,000

    4.07 Acres, B-1 Zoning, High Traffic

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    367
    This exceptional 4.07-acre development site is strategically located at the highly visible intersection of US-17 and Providence Road in Gloucester Point, Virginia (zip code 23072). Boasting the largest signalized corner in the Gloucester market, this property offers unparalleled visibility and accessibility. The site benefits from the highest Route 17 traffic count of any signalized intersection in Gloucester County, ensuring significant exposure for any development. A key advantage is the absence of wetlands on the property, simplifying the development process. The B-1 zoning allows for a wide range of permitted uses, providing flexibility for various development scenarios. This prime location presents a unique opportunity for a single-user development or the creation of multiple sites. The seller is open to build-to-suit options, offering further customization potential for the right buyer. This property is ready for immediate development and represents a significant investment opportunity in a thriving area. The property's location is easily accessible via US-17, a major thoroughfare. Detailed site plans and further information are available upon request. This is a rare opportunity to acquire a highly desirable commercial development site in a prime location.

    Property Features for 0 Us-17 & Providence Rd

    General Information

    Property type
    Land
    Lot Size
    177,289 SF

    HighLights

    • 4.07‑acre development site at the highly visible intersection of US‑17 and Providence Road in Gloucester Point, VA (23072).
    • Largest signalized corner in Gloucester, offering exceptional visibility and accessibility.
    • Highest Route 17 traffic count in Gloucester County at this signalized intersection.
    • No wetlands, simplifying development.
    • B‑1 zoning allows for diverse development options.
    • Seller open to build‑to‑suit options.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Gloucester Point
    County
    Gloucester
    State
    Virginia
    Longitude
    -76.5130432
    Latitude
    37.3115591

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    FAQs

    What type of property is this?
    Land - 4.07 Acres, B-1 Zoning, High Traffic
    Where is this land located?
    The property is located at Us-17 & Providence Rd Gloucester Point, VA.
    What is the asking price?
    The asking price for this property is $795,000.
    What are key features of this property?
    This property features: 4.07-acre development site at the highly visible intersection of US-17 and Providence Road in Gloucester Point, VA (23072).; Largest signalized corner in Gloucester, offering exceptional visibility and accessibility.; Highest Route 17 traffic count in Gloucester County at this signalized intersection.
    (757) 873-1401
    Request Owner's contact information
    Us-17 & Providence Rd Gloucester Point, VA 23072
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    Gloucester Point, VA 23072
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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
    Us-17 & Providence Rd Gloucester Point, VA 23072
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