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Property profile

12141 Jefferson Davis Hwy Chester, VA 23831

OFF-MARKET
Retail properties & Spaces
22,303 SF 0.51 ac lot
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Property summary

AI-generated overview

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.

Property profile

Verified
Property type Retail properties & Spaces
Total area 22,303 SF
Lot 0.51 ac (22,303 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

12141 Jefferson Davis Hwy Chester, VA 23831
Chester metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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