5301 Woolridge RdWoodlake, VA 23120

  • Commercial real estate
  • 3.17 AC

Property Details for 5301 Woolridge Rd

Lot size
3.17 AC
Zone code
R9 - SINGLE FAMILY RES
Property type
Commercial real estate
APN
717-67-92-07-100-000
APU
717679207100000

Description

This exceptional 3.2-acre commercial land parcel presents a unique investment opportunity in the thriving Midlothian, Virginia market. Located at 5301 Woolridge Road, this property boasts 320 feet of road frontage, ensuring excellent visibility and accessibility. The site is zoned to allow for Office (O), Business (B), and Commercial (C) uses, providing flexibility for a variety of development projects. Utilities are readily available, simplifying the development process. The location benefits from its proximity to great neighborhoods and highly-rated schools, creating a desirable environment for potential businesses and attracting a strong customer base. A significant advantage is the presence of a traffic signal at the intersection, optimizing traffic flow and visibility. Furthermore, the property's strategic placement across Woolridge Road from a new 212-unit residential development offers a built-in customer base and significant potential for synergy. This prime location, combined with its versatile zoning and excellent visibility, makes this 3.2-acre parcel an ideal site for a neighborhood center or other commercial ventures. The parcel is situated in Chesterfield County, Virginia, with a zip code of 23120. This is a rare opportunity to acquire a well-positioned commercial lot in a rapidly growing area.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $30,148,534
    Hospitality
    $27,615,894
    Educational
    $22,976,100
    Medical
    $23,766,284
    Retail
    $35,740,600

Location Insight

City
Moseley
County
Chesterfield
State
Virginia
Latitude
37.4261
Longitude
-77.6932
CBSA code
40060
CBSA name
RICHMOND, VA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2024
$5,212
$579,100
-
$579,100
-
$579,100
-
$579,100

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