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Investment Highlights

  • Site Ready Lot
  • Prime Location & Immediate Development
  • Proximity to Urban Centers & Growth Potential
  • High-Traffic Environment:
  • Thriving Community & Tourism Sector

Executive Summary

Strategic Location: Ideally positioned just off I-64 at Exit 214, this 1.12-acre commercial/tourism parcel offers excellent visibility and easy access, providing strong exposure for a wide range of business opportunities.
Development-Ready: The property is fully prepared for development with key entitlements already in place, including utilities, zoning approvals, VDOT access, and stormwater management. These approvals significantly reduce the typical development timeline and allow a project to move forward quickly.
Strong Daily Traffic: Located at the entrance to Colonial Downs Racetrack and Rosie's Gaming Emporium, the site benefits from consistent activity and visitation—drawing close to 1,000 visitors per day and placing your business directly within an active commercial corridor.
Growing Residential Base: The property is surrounded by the expanding Brickshire Community, which features more than 3,000 homes with additional development underway. This rapidly growing residential base provides a dependable and expanding customer pool.
Tourism Destination: New Kent County has become a recognized tourism destination thanks to its award-winning wineries, premier golf courses, and expanding hospitality offerings, helping drive steady visitor traffic throughout the region.
Convenient Regional Access: The location is roughly 25 minutes from both Richmond and Williamsburg, giving businesses direct access to two major population centers and well-traveled tourist markets.
Exceptional Growth Outlook: With significant residential development, new retail centers, and distribution facilities emerging throughout the county—along with nearby attractions such as Buc-ee's—the area continues to experience strong economic momentum, making this property a compelling opportunity for forward-thinking investors and developers.

Property Facts

Price $635,000
Sale Type Investment or Owner User
No. Lots 1
Property Type Land
Property Subtype Commercial
Proposed Use
Retail
  • Office
  • Bank
  • Carwash
  • Community Center
  • Daycare Center
  • Fast Food
  • Healthcare
  • Neighborhood Center
  • Restaurant
  • Storefront, Retail or Office
  • Strip Center
Total Lot Size 1.12 AC
Cross Streets Rt 155 & I64
Zoning EO - General offices, Hotels, conference facilities, restaurants, automobile/travel services, retail, entertainment, medical facility

1 Lot Available

Lot 3

Price $635,000
Price Per AC $566,964.29
Lot Size 1.12 AC

Discover the perfect 1.12-acre commercial/tourism zoned lot, PID# 100986, near I64 exit 214. Fully equipped with utilities, zoning, VDOT access, and stormwater management, this lot is ready for immediate development.

Description

Position your next project at this outstanding 1.12-acre commercial/tourism parcel (PID# 100986) located just off I-64 at Exit 214. With utilities, zoning approvals, VDOT access, and stormwater management already in place, the property is fully entitled and ready for immediate development—eliminating many of the typical delays and allowing you to move forward quickly. The site sits at the entrance to Colonial Downs Racetrack and Rosie's Gaming Emporium, which together attract nearly 1,000 visitors daily, placing the property in the center of an active commercial corridor. It is also surrounded by the growing Brickshire Community with more than 3,000 homes and additional development underway—providing a strong and expanding customer base. Located in New Kent County, an area known for its nationally recognized wineries, golf courses, and thriving tourism industry, the market continues to see strong visitor activity. In 2022 alone, visitors spent $29.9 million locally, a 7% increase year over year, with 17.5 million total visits. The property is conveniently positioned just 25 minutes from both Richmond and Williamsburg. With new residential development, retail centers, and distribution hubs expanding throughout the county—plus the nearby Buc-ee's just one exit west on I-64—this location offers exceptional long-term growth potential.

  • Listing ID: 31322259

  • Date on Market: 3/25/2024

  • Last Updated:

  • Address: 00 Chesapeake Circle, Providence Forge, VA 23140

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