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Chippenham Pkwy & Powhite Pkwy Richmond, VA 23225

166 Acres, Mixed-Use Development Potential

Overview

Added:
Dec 11, 2024
Days on market:
134
This exceptional 166.44-acre land parcel presents a unique investment opportunity in Richmond, Virginia. Strategically located at the intersection of Powhite Parkway (VA-76) and Chippenham Parkway (VA-150), this mixed-use zoned property offers unparalleled access and visibility. The site boasts existing utilities, simplifying development plans. Its prime location provides proximity to major healthcare facilities, including Chippenham Hospital (one mile) and Johnston Willis Hospital (3.5 miles), catering to a large and established population base within the amenity-rich Bon Air community. Development potential is significant, with the site capable of accommodating a substantial mixed-use project. Preliminary estimates suggest the potential for approximately 1.45 million square feet of retail space, 1.345 million square feet of office space, a 900-room hotel, and 450 apartment units. The land is priced at $300,000 per acre, reflecting its exceptional location and development potential. This is an unparalleled opportunity to acquire a large-scale development site in a thriving market. The property's size and zoning allow for a wide range of development options, making it an attractive investment for both large and small developers. The existing infrastructure and convenient location make this a truly exceptional opportunity. Detailed site plans and further information are available upon request.

Highlights

  • On-site utilities.
  • High-traffic location at the intersection of Powhite Parkway (VA-76) and Chippenham Parkway (VA-150).
  • Proximity to major healthcare: 1 mile to Chippenham Hospital and 3.5 miles to Johnston Willis Hospital.
  • Development potential: up to 1.45M SF retail, 1.345M SF office, 900 hotel rooms, or 450 apartments.

Property Details for 0 Chippenham Pkwy & Powhite Pkwy

Property type
Land, Industrial properties
Lot Size (sq. ft)
7,250,126 SF

Location Insight

City
Richmond
County
Richmond City
State
Virginia
Latitude
37.52087284
Longitude
-77.5336603

FAQs

What type of property is this?
Land - 166 Acres, Mixed-Use Development Potential
Where is the land located?
The property is located at Chippenham Pkwy & Powhite Pkwy Richmond, VA.
What are key features of this property?
This property features: On-site utilities.; High-traffic location at the intersection of Powhite Parkway (VA-76) and Chippenham Parkway (VA-150).; Proximity to major healthcare: 1 mile to Chippenham Hospital and 3.5 miles to Johnston Willis Hospital.
How can I contact the broker?
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0 Chippenham Pkwy & Powhite Pkwy
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