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1 New Millennium Dr
Petersburg, VA 23805
Land For Sale
·
57.45 AC
INVESTMENT HIGHLIGHTS
- ±44 acres of industrial land zoned M-1, ideal for development.
- Within a day’s drive of 50% of the U.S. population and near the Port of Virginia.
- Excellent access to rail, airports, and regional distribution networks.
- Immediate access to I-85/I-95 junction and US 460 for superior connectivity.
- Surrounded by major industrial users including Amazon, Walmart, and ALDI.
- Strategic location in a growing industrial corridor with strong infrastructure.
EXECUTIVE SUMMARY
PROPERTY FACTS
| Sale Type | Investment | Proposed Use | Industrial |
| No. Lots | 1 | Total Lot Size | 57.45 AC |
| Property Type | Land | Year Built | 1868 |
| Property Subtype | Commercial | ||
| Zoning | M-1 - Light Industrial | ||
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | Industrial |
| Total Lot Size | 57.45 AC |
| Year Built | 1868 |
| Zoning | M-1 - Light Industrial |
1 LOT AVAILABLE
Lot
| Lot Size | 57.45 AC |
| Lot Size | 57.45 AC |
This ±44-acre industrial site at 1 New Millennium Drive in Petersburg, Virginia, offers a prime opportunity for large-scale industrial development in a strategic Mid-Atlantic location.
DESCRIPTION
This ±44-acre industrial site at 1 New Millennium Drive in Petersburg, Virginia, offers a prime opportunity for large-scale industrial development in a strategic Mid-Atlantic location. Zoned M-1, the property is ideally suited for manufacturing, distribution, or logistics operations. Its exceptional connectivity to major transportation corridors—including the I-85/I-95 junction just 0.2 miles away, I-95 at 2.6 miles, and US 460—ensures efficient access to regional and national markets. The site’s location provides unparalleled logistical advantages, with proximity to the Port of Virginia, major rail lines, and regional airports, placing 50% of the U.S. population within a day’s drive. This makes it an ideal hub for companies seeking to optimize supply chain efficiency and reduce transportation costs. The surrounding industrial ecosystem includes major distribution and manufacturing users such as Amazon, Walmart, ALDI, International Paper, Triad Metals, Gerdau Steel, Vulcan, and Boar’s Head, all benefiting from the same robust infrastructure. With strong regional growth and a business-friendly environment, this property represents a rare opportunity to secure a large industrial tract in a high-demand corridor. Contact the listing team for pricing and additional details.
PROPERTY TAXES
| Parcel Number | 071-07-0010 | Improvements Assessment | $354,300 |
| Land Assessment | $1,148,900 | Total Assessment | $1,503,200 |
PROPERTY TAXES
