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    12910 Midlothian Tpke Midlothian, VA 23113

    For Sale
    $900,000

    2.3-acre commercial lot, prime Midlothian location.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional 2.3-acre commercial land parcel presents a remarkable investment opportunity in Midlothian, Virginia. Located at 12910 Midlothian Turnpike, this property boasts a highly desirable A-1 zoning, allowing for redevelopment to a variety of commercial uses, including options such as Office (O), Business (B), and Commercial (C) zoning. The site offers unparalleled visibility and accessibility, featuring direct right-turn access from the heavily trafficked Midlothian Turnpike. Its strategic location places it within a quarter-mile of major retail anchors including Sam's Club, Walmart, and Wegmans, ensuring high foot traffic and strong consumer demographics. The surrounding area exhibits the highest median income within the Richmond Metro area, indicating a robust and affluent market for commercial ventures. This property is ideal for developers seeking a prime location with significant potential for growth and return on investment. The asking price for this exceptional opportunity is $900,000. The property's address is 12910 Midlothian Turnpike, Midlothian, VA 23113, situated in Chesterfield County.

    Property Features for 12910 Midlothian Tpke

    General Information

    Property type
    Land
    Lot Size
    100,188 SF

    HighLights

    • $900,000 asking price for 2.3 acres of commercial land.
    • Located at 12910 Midlothian Tpke, Midlothian, VA 23113.
    • A‑1 zoning, with potential for redevelopment to higher commercial zoning (O, B, C).
    • Prime development site with direct right‑turn access from Midlothian Turnpike.
    • Located near major retailers (Sam's Club, Walmart, Wegmans) in a high‑income area of the Richmond Metro.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Dental Office Spa & Massage 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
    Midlothian
    County
    Chesterfield
    State
    Virginia
    Longitude
    -77.63722714
    Latitude
    37.50279393

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    FAQs

    What type of property is this?
    Land - 2.3-acre commercial lot, prime Midlothian location.
    Where is this land located?
    The property is located at 12910 Midlothian Tpke Midlothian, VA.
    What is the asking price?
    The asking price for this property is $900,000.
    What are key features of this property?
    This property features: $900,000 asking price for 2.3 acres of commercial land.; Located at 12910 Midlothian Tpke, Midlothian, VA 23113.; A-1 zoning, with potential for redevelopment to higher commercial zoning (O, B, C).
    (804) 308-1603
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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
    12910 Midlothian Tpke Midlothian, VA 23113
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