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    00 Chesapeake Cir Providence Frg New Kent, VA 23140

    Sponsored
    For Sale
    $635,000

    Ready-to-Develop Commercial Lot in VA

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 1.12-acre commercial lot, located at 00 Chesapeake Circle, Providence Forge, Virginia 23140, presents a unique investment opportunity. The property, identified by APN 100986, is ideally situated near I-64 Exit 214, offering convenient access and high visibility. Zoned for commercial/tourism use, this parcel is fully equipped with essential utilities, ensuring a seamless development process. The existing infrastructure includes readily available utilities, established stormwater management systems, and convenient access via VDOT-maintained roads. This eliminates significant upfront costs and accelerates the timeline for project commencement. The expansive 1.12-acre lot provides ample space for a variety of commercial ventures, making it suitable for diverse development plans. Its strategic location and comprehensive infrastructure make it an attractive proposition for businesses seeking a prime location in a growing area. The asking price for this exceptional property is $635,000. This represents a compelling investment opportunity given the property's readiness for immediate development and its prime location in New Kent County, Virginia. Serious inquiries are encouraged to explore the potential of this remarkable commercial land parcel.

    Property Features for 00 Chesapeake Cir Providence Frg

    General Information

    Property type
    Land
    Lot Size
    48,787 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    New Kent
    County
    New Kent
    State
    Virginia
    Longitude
    -77.0283262
    Latitude
    37.4904721

    Nearby Comparable

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      68.00 Acres

      Prime Commercial Land, I-64 & Rt 155

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      Prime Commercial Lot Near I64

      1.12-acre commercial lot ready for immediate development off I64.
      6201 Chesapeake Cir, New Kent, VA 23124
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      23.00 Acres

      23 Acres Land, Providence Forge

      23 acres of land suitable for truck parking.
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    • Contact for pricing

      Winery, Brewery, and Wedding Venue

      Vineyard with winery, brewery, tasting room, and wedding venue.
      Old Church Rd, New Kent, VA 23124
      View Details

    Nearby Similar for Sale

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      Winery, Brewery, and Wedding Venue

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      Winery, Brewery, and Wedding Venue

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      Winery, Brewery, and Wedding Venue

      Vineyard with winery, brewery, tasting room, and wedding venue.
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    FAQs

    What type of property is this?
    Land - Ready-to-Develop Commercial Lot in VA
    Where is this land located?
    The property is located at 00 Chesapeake Cir Providence Frg New Kent, VA.
    What is the asking price?
    The asking price for this property is $635,000.
    Request Owner's contact information
    00 Chesapeake Cir Providence Frg New Kent, VA 23140
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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
    00 Chesapeake Cir Providence Frg New Kent, VA 23140
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