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Property profile & analytics
OFF-MARKET
Land

41 Le Gordon Dr Midlothian, VA 23114

Property ID
Property summary
AI-generated overview

This exceptional 11,037 square foot commercial land parcel presents a remarkable investment opportunity in the thriving Village of Midlothian, Virginia. Located at 41 Le Gordon Drive, this property boasts a highly desirable location at the corner of Le Gordon Drive and Midlothian Turnpike, ensuring excellent visibility and accessibility. The site is zoned O, B, and C, offering versatility for a range of commercial uses, including medical offices and retail establishments. Architectural plans are already approved, streamlining the development process. The property is pad-ready, complete with water and sewer connections, and a dedicated entrance, promising a swift and efficient transition to occupancy, anticipated for late August or early September 2023. Its strategic location provides direct frontage on Midlothian Turnpike, a major thoroughfare, guaranteeing high traffic volume and exposure. Furthermore, its proximity to Route 288 enhances its appeal and accessibility for commuters and customers. This is a rare chance to acquire a fully prepared commercial lot in a prime retail corridor, poised for immediate development and significant return on investment. The asking price is $1,700,000.

Property profile
Verified
Property type Land
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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