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2140 Old Hundred
Midlothian, VA 23114
Tomahawk Creek Land · Land For Sale · 12.90 AC

INVESTMENT HIGHLIGHTS

  • Zoned for Multi-Family, Senior Apts and/or Commercial & Office Uses
  • Bon Secours St. Francis Hospital is only 1.5 miles from the property
  • Highest Growth Area in Richmond-Petersburg MSA
  • Owners will consider Joint Venture Development proposals

PROPERTY FACTS

Property Type Land
Property Subtype Commercial
Proposed Use
Commercial
  • Office
  • Multifamily
  • Apartment Units
  • Apartment Units - Senior
  • Convenience Store
  • Daycare Center
  • Healthcare
  • Hold For Development
  • Medical
Total Lot Size 12.90 AC
Zoning Multifamily/Commercial

DESCRIPTION

Subject property contains 12.9+/- acres according to Chesterfield County Records. Of that total acreage, it has been determined that approximately 3 +/- acres of the land is actually developable. Existing Zoning on the property is O-2 (Corporate Office District) with a Conditional Use Planned Development. By right uses include townhomes and multi-family as specified in zoning case 88S008 and 95SN0307. Multi-family residential uses must go before the Planning Commission for site plan approval. Sewer to serve development of the property is scheduled for extension to serve the property in mid-2020. Public Water is approximately 1,000 east of the property. Chesterfield County has a policy that provides for partial credit for the construction of oversized off-site utility infrastructure. Several alternative site plans have been developed by Balzer & Associates Engineers and Winks + Snowa AIA has offered a proposed elevation of their concept of development here. Prospective purchasers are directed to review the information provided by the consultants made a part of this package. Chesterfield County Cash Proffers are currently approximately $18,500 per residential unit. This property can be developed without paying those proffers assuming conformity with the entitlement zoning on the property. The offering price as of June 1, 2017 is $15,000/approved unit or a minimum price of $1,350,000. Joint venture proposals will be considered by the owners.

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
720-69-45-19-300-000
Land Assessment
$158,500
Improvements Assessment
$2,187,500
Total Assessment
$2,346,000
  • Listing ID: 3837730

  • Date on Market: 9/24/2016

  • Last Updated:

  • Address: 2140 Old Hundred, Midlothian, VA 23114

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