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16215 Eltham Rd - New Kent County Land 84 Acres of Commercial Land Offered at $1,399,000 in Lanexa, VA 23089
Investment Highlights
- Conveniently located between Richmond and Williamsburg
- Easy and quick access to Interstate 64.
- Tremendous road frontage, approximately 1 mile.
- Virginia Department of Transportation is expanding Interstate 64 to three lanes each direction between Richmond and Williamsburg.
Executive Summary
Property Facts
| Price | $1,399,000 | Property Subtype | Commercial |
| Sale Type | Investment | Proposed Use | |
| No. Lots | 1 | Total Lot Size | 84.00 AC |
| Property Type | Land | ||
| Zoning | EO - Economic Opportunity Multiple uses allowed by right | ||
| Price | $1,399,000 |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | |
| Total Lot Size | 84.00 AC |
| Zoning | EO - Economic Opportunity Multiple uses allowed by right |
1 Lot Available
Lot
| Price | $1,399,000 | Lot Size | 84.00 AC |
| Price Per AC | $16,654.76 |
| Price | $1,399,000 |
| Price Per AC | $16,654.76 |
| Lot Size | 84.00 AC |
This 84-acre land parcel on Eltham Road (Route 33) in New Kent County, Virginia, offers a prime development opportunity in a rapidly growing corridor between Richmond and Williamsburg. The property boasts approximately one mile of road frontage.
Description
This 84-acre land parcel on Eltham Road (Route 33) in New Kent County, Virginia, offers a prime development opportunity in a rapidly growing corridor between Richmond and Williamsburg. The property boasts approximately one mile of road frontage, providing exceptional visibility and access for future commercial or mixed-use projects. Its strategic location near Interstate 64 ensures quick connectivity to major markets, including the Hampton Roads and Richmond MSAs. The site benefits from significant infrastructure improvements, including the Virginia Department of Transportation’s expansion of I-64 to three lanes in each direction and the $3.8 billion Hampton Roads Bridge Tunnel project, which will enhance regional mobility. Surrounding developments underscore the area’s growth trajectory, with a new 800,000 SF AutoZone Distribution Center, a planned 1.4 million SF Target Distribution Center, and a Buc-ee’s travel center scheduled to open in 2027. CarMax is also developing a vehicle repair and auction center nearby, slated for completion in 2025. Zoned Economic Opportunity, the property allows multiple uses by right, making it ideal for retail, industrial, or mixed-use development. With approximately 25 acres currently developable and potential for additional acreage, this site offers flexibility for phased projects. Priced at $1,399,000 ($16,654 per acre), this is a rare chance to secure a large tract in a high-growth corridor with strong transportation links and robust economic drivers.
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16215 Eltham Rd - New Kent County Land
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