6771 Temie Lee Pkwy Midlothian, VA 23112
- Commercial real estate
- 1.75 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 6771 Temie Lee Pkwy
- Lot size
- 1.75 lot acres
- Zone code
- C2 - NBHD BUSINESS DIST
- Property type
- Commercial real estate
- APN
- 726-67-20-35-300-000
- APU
- 726672035300000
Description
This exceptional 76,404 square foot commercial lot presents a remarkable development opportunity in the thriving Hull Street corridor of Midlothian, Virginia. Situated adjacent to the Chesterfield Career and Technical Center, this property boasts a highly visible and accessible location with significant traffic flow. The C2 zoning designation allows for a diverse range of commercial uses, providing considerable flexibility for potential developers. Envisioned uses include, but are not limited to, automotive sales facilities, banking institutions, places of worship, daycare centers, pharmacies, hotels, and office spaces. The substantial lot size offers ample space for large-scale projects or the potential for subdivision into smaller parcels. This prime location, coupled with the versatile zoning, makes this property an ideal investment for those seeking a high-impact commercial development project in a rapidly growing area. The property's proximity to the Chesterfield Career and Technical Center provides a unique opportunity to cater to the needs of the surrounding community and the student population. Serious inquiries are encouraged to explore the full potential of this exceptional commercial land offering. The asking price is $299,950. This is a rare opportunity to acquire a significant commercial parcel in a desirable location.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $245,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $215,000
- 6.5%
- $210,000
- 7%
- $205,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $230,000
- Geo Method
- $195,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $200,000
- Retail
- $235,000
- Mixed-Use
- $195,000
- Hospitality
- $220,000
- Educational
- $240,000
- Residential Income
- $220,000
- Energy
- $200,000
- Income-Based Land
- $215,000
- Food Service
- $180,000
Location Insight
- Map
- Local Demand
- City
- Midlothian
- County
- Chesterfield
- State
- Virginia
- Longitude
- -77.6633
- Latitude
- 37.4062
- CBSA code
- 40060
- CBSA name
- RICHMOND, VA METROPOLITAN STATISTICAL AREA