41 Le Gordon Dr Midlothian, VA 23114
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.