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12726 Midlothian Tpke
Midlothian, VA 23113
12726 Midlothian Tunrpike · Land For Sale
·
1.40 AC
INVESTMENT HIGHLIGHTS
- High ADT | 39,000
- Adjoining Midlothian Tpke parcels MIGHT be available | Additional 3.4 acres possible
- Major Development Corridor
- Rare Midlothian Tpke Frontage
- County desires commercial use | Zoned R7 (Historical Zoning Code)
- Development can achieve prime rates (lease and/or sale)
PROPERTY FACTS
| Property Type | Land | Proposed Use | |
| Property Subtype | Commercial | Total Lot Size | 1.40 AC |
| Zoning | R-7 - R7 is a historical zoning district. Chesterfield County prefers commercial development at this site. | ||
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | |
| Total Lot Size | 1.40 AC |
| Zoning | R-7 - R7 is a historical zoning district. Chesterfield County prefers commercial development at this site. |
DESCRIPTION
Welcome to 12726 Midlothian Tpke. Nestled on highly traveled Midlothian Tpke this area of Chesterfield County is currently undergoing a massive development trend from condos, apartments, townhouses, retail all the way to medical office/condos and major retail players. This 1.41 acres sits directly on Midlothian Tpke frontage with an ADT of 39,000 and is adjoining numerous other parcels that may be available for sale to increase overall development acreage. Close to Walton Park and the heart of Midlothian; retail giants like Walmart, Food Lian, American Family Fitness, Wegman’s, Sam’s Club are nearby including other points of interest such as Stonehenge Golf and Country Club, Burger Bach, Blaze Pizza, Mission BBQ, and plenty more retail shops and commercial/medical businesses. The site would be perfect for Medical condos, small retail strip mall, or even residential multi-family opportunities if more adjoining parcels could be negotiated with this deal. Due to the favorable location a developer could ask for prime rental and/or sale rates. Currently priced to move, this 1.41 acres is priced at or below area comps and now favors a developers entry into the area. Major utilities are within reach. The only known obstacle would be an old septic system that was back filled, however this shouldn’t hinder future development. Gas utilities are also within reach as this parcel is next to a Columbia Gas production unit located at 12718 Midlothian Tpke.
PROPERTY TAXES
| Parcel Number | 734-70-81-71-000-000 | Improvements Assessment | $0 |
| Land Assessment | $359,300 | Total Assessment | $359,300 |
PROPERTY TAXES
