Chippenham Pkwy & Powhite Pkwy Richmond, VA 23225
- Land
- 166.44 lot acres
Current Use by Public Records
- Land
Property Details for 0 Chippenham Pkwy & Powhite Pkwy
- Lot size
- 166.44 lot acres
- Property type
- Land
- Property subtype
- Industrial properties
Description
This exceptional 166.44-acre land parcel presents a unique investment opportunity in Richmond, Virginia. Strategically located at the intersection of Powhite Parkway (VA-76) and Chippenham Parkway (VA-150), this mixed-use zoned property offers unparalleled access and visibility. The site boasts existing utilities, simplifying development plans. Its prime location provides proximity to major healthcare facilities, including Chippenham Hospital (one mile) and Johnston Willis Hospital (3.5 miles), catering to a large and established population base within the amenity-rich Bon Air community. Development potential is significant, with the site capable of accommodating a substantial mixed-use project. Preliminary estimates suggest the potential for approximately 1.45 million square feet of retail space, 1.345 million square feet of office space, a 900-room hotel, and 450 apartment units. The land is priced at $300,000 per acre, reflecting its exceptional location and development potential. This is an unparalleled opportunity to acquire a large-scale development site in a thriving market. The property's size and zoning allow for a wide range of development options, making it an attractive investment for both large and small developers. The existing infrastructure and convenient location make this a truly exceptional opportunity. Detailed site plans and further information are available upon request.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Richmond
- County
- Richmond City
- State
- Virginia
- Longitude
- -77.5337
- Latitude
- 37.5209
