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    Broad St & Manakin Rd Manakin-Sabot, VA 23103

    For Sale
    $3,995,000

    10 Acres, B-1 Zoning, Prime Location

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    363
    This exceptional 10-acre commercial land parcel presents a remarkable investment opportunity in the thriving Manakin-Sabot, Virginia area. Located at the intersection of Broad Street and Manakin Road (Route 250/621) in Goochland County, zip code 23103, this property boasts a highly desirable B-1 zoning classification, allowing for a diverse range of commercial uses, including retail establishments and the development of nursing homes or assisted living facilities. A statement of proffers is available. The site is strategically positioned within a rapidly developing area, offering significant potential for future growth and appreciation. Utilities, including sewer and water, are readily accessible along West Broad Street and Manakin Road. The asking price for this ready-to-develop land is $3,995,000. Joint venture proposals are welcomed, making this an attractive proposition for both individual and collaborative development endeavors. This prime location and flexible zoning make this a truly exceptional opportunity for investors seeking high-return potential in a dynamic market.

    Property Features for 0 Broad St & Manakin Rd

    General Information

    Property type
    Land
    Lot Size
    435,600 SF

    HighLights

    • 10± acres of commercial land in Manakin‑Sabot, VA.
    • B‑1 zoning, allowing for retail and senior care facilities.
    • Statement of proffers available.
    • Utilities (sewer & water) accessible on West Broad St & Manakin Rd (Route 250/621).
    • $3,995,000 asking price.
    • Ready for development.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Manakin-Sabot
    County
    Goochland
    State
    Virginia
    Longitude
    -77.687646
    Latitude
    37.67127

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    FAQs

    What type of property is this?
    Land - 10 Acres, B-1 Zoning, Prime Location
    Where is this land located?
    The property is located at Broad St & Manakin Rd Manakin-Sabot, VA.
    What is the asking price?
    The asking price for this property is $3,995,000.
    What are key features of this property?
    This property features: 10± acres of commercial land in Manakin-Sabot, VA.; B-1 zoning, allowing for retail and senior care facilities.; Statement of proffers available.
    Request Owner's contact information
    Broad St & Manakin Rd Manakin-Sabot, VA 23103
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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
    Broad St & Manakin Rd Manakin-Sabot, VA 23103
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