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    5301 Woolridge Rd Woodlake, VA 23120

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    For Sale
    Contact for pricing

    3.2-acre commercial lot in Midlothian, VA

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 3.2-acre commercial land parcel presents a unique investment opportunity in the thriving Midlothian, Virginia market. Located at 5301 Woolridge Road, this property boasts 320 feet of road frontage, ensuring excellent visibility and accessibility. The site is zoned to allow for Office (O), Business (B), and Commercial (C) uses, providing flexibility for a variety of development projects. Utilities are readily available, simplifying the development process. The location benefits from its proximity to great neighborhoods and highly-rated schools, creating a desirable environment for potential businesses and attracting a strong customer base. A significant advantage is the presence of a traffic signal at the intersection, optimizing traffic flow and visibility. Furthermore, the property's strategic placement across Woolridge Road from a new 212-unit residential development offers a built-in customer base and significant potential for synergy. This prime location, combined with its versatile zoning and excellent visibility, makes this 3.2-acre parcel an ideal site for a neighborhood center or other commercial ventures. The parcel is situated in Chesterfield County, Virginia, with a zip code of 23120. This is a rare opportunity to acquire a well-positioned commercial lot in a rapidly growing area.

    Property Features for 5301 Woolridge Rd

    General Information

    Property type
    Land
    Lot Size
    139,392 SF

    HighLights

    • 3.2‑acre commercial parcel for sale.
    • Parcel size: 3.2 acres.
    • Allowed uses: Office (O), Business (B), and Commercial (C).
    • High‑traffic intersection with traffic signal.
    • Desirable location near excellent schools and neighborhoods.
    • Excellent visibility from Woolridge Road.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Law Firm Building Supply Gym & Fitness Accounting Firm Kitchen & Bath Hotel & Motel Bar & Pub HVAC Service Electronics Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Woodlake
    County
    Chesterfield
    State
    Virginia
    Longitude
    -77.693181
    Latitude
    37.4261089

    Nearby Comparable

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    FAQs

    What type of property is this?
    Land - 3.2-acre commercial lot in Midlothian, VA
    Where is this land located?
    The property is located at 5301 Woolridge Rd Woodlake, VA.
    What are key features of this property?
    This property features: 3.2-acre commercial parcel for sale.; Parcel size: 3.2 acres.; Allowed uses: Office (O), Business (B), and Commercial (C).
    (804) 363-0332
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    5301 Woolridge Rd Woodlake, VA 23120
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    Woodlake, VA 23120
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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
    5301 Woolridge Rd Woodlake, VA 23120
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