5301 Woolridge Rd Woodlake, VA 23120
- Commercial real estate
- 3.17 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 5301 Woolridge Rd
- Lot size
- 3.17 lot acres
- Zone code
- R9 - SINGLE FAMILY RES
- Property type
- Commercial real estate
- APN
- 717-67-92-07-100-000
- APU
- 717679207100000
Description
This exceptional 3.2-acre commercial land parcel presents a unique investment opportunity in the thriving Midlothian, Virginia market. Located at 5301 Woolridge Road, this property boasts 320 feet of road frontage, ensuring excellent visibility and accessibility. The site is zoned to allow for Office (O), Business (B), and Commercial (C) uses, providing flexibility for a variety of development projects. Utilities are readily available, simplifying the development process. The location benefits from its proximity to great neighborhoods and highly-rated schools, creating a desirable environment for potential businesses and attracting a strong customer base. A significant advantage is the presence of a traffic signal at the intersection, optimizing traffic flow and visibility. Furthermore, the property's strategic placement across Woolridge Road from a new 212-unit residential development offers a built-in customer base and significant potential for synergy. This prime location, combined with its versatile zoning and excellent visibility, makes this 3.2-acre parcel an ideal site for a neighborhood center or other commercial ventures. The parcel is situated in Chesterfield County, Virginia, with a zip code of 23120. This is a rare opportunity to acquire a well-positioned commercial lot in a rapidly growing area.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $275,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $350,000
- 6.5%
- $325,000
- 7%
- $325,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $315,000
- Geo Method
- $305,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $365,000
- Retail
- $315,000
- Mixed-Use
- $345,000
- Hospitality
- $310,000
- Educational
- $380,000
- Residential Income
- $345,000
- Energy
- $345,000
- Income-Based Land
- $315,000
- Food Service
- $330,000
Location Insight
- Map
- Local Demand
- City
- Moseley
- County
- Chesterfield
- State
- Virginia
- Longitude
- -77.6932
- Latitude
- 37.4261
- CBSA code
- 40060
- CBSA name
- RICHMOND, VA METROPOLITAN STATISTICAL AREA