12141 Jefferson Davis Hwy, Chester, VA 23831
This exceptional 0.512-acre commercial property, located at 12141 Jefferson Davis Highway in Chester, Virginia (zip code 23831), presents a prime investment or development opportunity. Currently vacant, this C-3 zoned lot offers 22,303 square feet and is ideally situated adjacent to established businesses like Popeye's and Panda Express, ensuring high visibility and foot traffic. The property boasts convenient access to Jefferson Davis Highway, a major thoroughfare with a daily traffic volume of 24,000 vehicles. This translates to significant exposure for any business operating on this site. The asking price is $350,000. Strong demographics further enhance the property's appeal: within a 5-mile radius, the population exceeds 79,000 residents, with average household incomes exceeding $88,000 and reaching $100,732 within a 5-mile radius. This retail pad site is ready for immediate development, offering a unique chance to capitalize on a thriving commercial area. The property's location provides full access without a median, maximizing convenience and accessibility. Invest in this high-potential location and establish your business in a vibrant and growing community. This is a rare opportunity to secure a well-positioned retail space in a high-demand area.
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
Similar Nearby for Sale
Similar Nearby for Lease
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.