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    Woolridge Rd. At Walton Park Rd Midlothian, VA 23114

    For Sale
    $975,000

    Prime 5.6-acre commercial lot, ideal for development.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional 5.6-acre commercial land parcel is strategically located in Midlothian, Virginia, at the intersection of N. Woolridge Road and Walton Park Road. Currently zoned for single-family residential use, this property presents a unique opportunity for developers seeking a prime location for various commercial ventures. The site boasts high visibility and accessibility, situated just off Midlothian Turnpike, a major thoroughfare with a daily traffic volume of 39,000 vehicles. N. Woolridge Road itself sees 17,000 vehicles per day, ensuring significant exposure for any development. The surrounding area is a thriving hub of activity, featuring established businesses such as American Family Fitness and Goddard School, along with numerous professional and medical office parks and attractive residential communities. Its proximity to St. Francis and Johnston Willis Hospitals, as well as Brightpoint Community College (with over 3,000 students), further enhances its appeal and potential for a variety of uses. The asking price for this exceptional property is $975,000. Rezoning will be required to accommodate commercial development. This presents a rare opportunity to acquire a substantial land parcel in a high-growth area with excellent infrastructure and a strong surrounding demographic. Don't miss this chance to capitalize on the potential of this prime Midlothian location.

    Property Features for 0 Woolridge Rd. At Walton Park Rd

    General Information

    Property type
    Land
    Lot Size
    243,936 SF

    HighLights

    • Excellent potential for mixed‑use development (residential, office, retail).
    • Requires rezoning from single‑family residential.
    • Strategic location near St. Francis and Johnston Willis Hospitals, and Brightpoint Community College (3,000+ students).
    • High traffic counts: N. Woolridge Rd (17,000 VPD), Midlothian Turnpike (39,000 VPD).
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Midlothian
    County
    Chesterfield
    State
    Virginia
    Longitude
    -77.6414395
    Latitude
    37.499513

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    FAQs

    What type of property is this?
    Land - Prime 5.6-acre commercial lot, ideal for development.
    Where is this land located?
    The property is located at Woolridge Rd. At Walton Park Rd Midlothian, VA.
    What is the asking price?
    The asking price for this property is $975,000.
    What are key features of this property?
    This property features: Excellent potential for mixed-use development (residential, office, retail).; Requires rezoning from single-family residential.; Strategic location near St. Francis and Johnston Willis Hospitals, and Brightpoint Community College (3,000+ students).
    (804) 643-4700
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    Woolridge Rd. At Walton Park Rd Midlothian, VA 23114
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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
    Woolridge Rd. At Walton Park Rd Midlothian, VA 23114
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