60 Anderson Hwy Powhatan, VA 23139
- Land
- 52.00 lot acres
Current Use by Public Records
- Land
Property Details for 60 Anderson Hwy
- Lot size
- 52.00 lot acres
- Property type
- Land
Description
This exceptional 52-acre commercial land parcel presents a unique investment opportunity in Powhatan County, Virginia. Strategically located on US 60 Anderson Highway, this site boasts the distinction of being the largest undeveloped commercial tract in the county, offering unparalleled potential for significant development. Its prime location directly adjoins a Walmart, ensuring high visibility and convenient access for potential businesses. The property features a level topography, simplifying development and minimizing site preparation costs. Existing water and sewer infrastructure is already in place, further streamlining the development process. Furthermore, the site's existing median break allows for the potential installation of a traffic signal with full turn lanes, enhancing accessibility and visibility. The Powhatan County Comprehensive Plan designates this area for commercial zoning, providing developers with a clear path forward. High traffic counts on Highway 60, averaging 29,000 vehicles daily (AADT), guarantee substantial exposure for any development. Finally, potential developer improvement incentives may be available, making this an even more attractive proposition. This is a rare opportunity to acquire a substantial, well-situated commercial property in a thriving Virginia community. The property's size, location, and infrastructure make it an exceptional investment for developers seeking a high-impact project.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Powhatan
- County
- Powhatan
- State
- Virginia
- Longitude
- -77.8712
- Latitude
- 37.5339
