17001 Hull Street RdMoseley, VA 23120

Property Details for 17001 Hull Street Rd

Year built

1987

Lot size

5.00 AC

Property size (Sq ft)

4,800 SF

Zone code

C5 - GEN BUSINESS DIST

Property type

Retail properties

Property subtype

Auto shops

APN

707-66-74-50-900-000

APU

707667450900000

Description

This exceptional 5-acre commercial land parcel, located at 17001 Hull Street Road in Moseley, Virginia (zip code 23120), presents a remarkable investment opportunity. The property, identified by APN 707667450900000, is zoned C-5, allowing for a wide range of commercial development possibilities. Situated in a thriving area with high visibility and accessibility, this land boasts a strategic location within the Hull Street Corridor, offering easy access from Hull Street Road and the future Powhite Parkway extension. The property is ideally positioned near major retail centers, dining establishments, and residential communities, including the bustling Westchester Commons, Swift Creek Reservoir, and the significant Magnolia Green development (4,088 units). Furthermore, its proximity to other nearby developments such as Fox Creek, Greenwich Walk, Townhomes at Cosby Village, Hampton Park, and the new 200+ acre Nunnally Village development underscores its exceptional location within a rapidly growing area. The average household income within a 3-mile radius exceeds $137,000, indicating a strong and affluent consumer base. This 5-acre site offers significant potential for commercial development, making it an attractive investment for those seeking to capitalize on the growth and prosperity of the Moseley, Virginia area. The asking price for this prime commercial land is $5,500,000.

• CAP approach

  CAP return

  Valuation

  6%

  $1,309,127

  6.5%

  $1,208,425

  7%

  $1,122,109

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,357,545

  Geo Method

  $2,020,153

• Alternative Use

  Use

  Valuation

  Residential

  $1,019,352

  Hospitality

  $933,721

  Educational

  $776,845

  Medical

  $803,562

  Retail

  $1,208,425

Location Insight

City

Moseley

County

Chesterfield

State

Virginia

Latitude

37.3917

Longitude

-77.7271

CBSA code

40060

CBSA name

RICHMOND, VA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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