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Property profile & analytics
OFF-MARKET
Retail space

16300 Midlothian Tpke Midlothian, VA 23113

3,168 SF 2.96 ac lot Built 1790
Property ID
US87-0607621
Property summary
AI-generated overview

This exceptional 3,168 square foot property, located at 16300 Midlothian Turnpike in Midlothian, Virginia, presents a unique investment opportunity. The historic Hallsborough Tavern, built in 1790 (with additions in 1832), boasts a rich history as a tavern and stagecoach stop, and is listed on the Local, State, and National Historic Registries. Currently zoned C2, this property offers many permitted uses, including but not limited to, winery, brewery, distillery, or retail boutique. The main house features 11 rooms, at least 5 potential bedrooms, 3 full baths, 3 staircases, and 9 fireplaces, all showcasing original heart of pine wood floors. The expansive 2.96-acre lot includes 395 feet of road frontage on Midlothian Turnpike, providing excellent visibility and accessibility. Six outbuildings, including a barn, sheds, and a gazebo, add to the property's versatility. Situated near Westchester Commons and the intersection of Route 288 and Route 60, this property offers unparalleled potential for a discerning buyer seeking a blend of history, location, and commercial viability. The asking price is $1,100,000. This is a chance to own a piece of history and create something truly special. Detailed permitted uses are available in the property documents.

Property profile
Verified
Property type Retail space
Year built 1790
Total area 3,168 SF
Lot 2.96 ac (128,938 SF)
UPID US87-0607621
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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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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