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Property profile & analytics
FOR SALE
Commercial real estate

14291 Midlothian Tpke Midlothian, VA 23113

5.11 ac lot Built 1949
Entity Owned 4-yr Hold Absentee Owner Free & Clear
Property ID
US87-0610915
Property summary
AI-generated overview

This exceptional 16-acre development site presents a unique investment opportunity in the thriving Midlothian, Virginia market. Located at 14291-14301 Midlothian Turnpike, this property boasts over 570 feet of direct frontage on a highly trafficked thoroughfare, ensuring maximum visibility and accessibility. The C-3 zoning allows for a wide range of mixed-use development possibilities, catering to diverse commercial and retail ventures. The site's strategic location places it within the heart of a dynamic commercial and residential area, experiencing significant growth. Adding to its appeal, the property is adjacent to a planned multi-family development comprising 275 apartments and 150 townhomes, creating a synergistic environment and expanding the potential customer base. Convenient access to Route 288 further enhances its connectivity and logistical advantages. The property features two pads and benefits from a traffic signal and median break providing full access from Midlothian Turnpike. This prime location within Chesterfield County, Virginia (zip code 23113), is situated in an area with the highest income per capita in the Richmond MSA, promising strong returns on investment. This is an unparalleled chance to capitalize on the robust growth and high demand in this desirable location.

Property profile
Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1949
Lot 5.11 ac (222,766 SF)
Zoning code C3 - COMMUNITY BUS DIST
APN 724-70-84-16-300-000
UPID US87-0610915
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Midlothian West Land Investment LLC · 4 yrs held
Midlothian West Land Investment LLC
since 2021
1 recorded transaction
2021
$4.5M
Zoning & alternative use
C3 - COMMUNITY BUS DIST · Midlothian, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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More about this property
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