5731 New Kent HwyQuinton, VA 23141
- Other commercial real estate
- 1,845 SF
Property Details for 5731 New Kent Hwy
- Year built
- 1950
- Construction
- WOOD
- Lot size
- 1.00 AC
- Property size (Sq ft)
- 1,845 SF
- Zone code
- BUS
- Property type
- Other commercial real estate
- APN
- 21 32
- APU
- 2132
Description
This exceptional 1-acre parcel, located at 5731 New Kent Highway in Quinton, Virginia, presents a compelling retail redevelopment opportunity. The property, built in 1950, encompasses 4,306 square feet and is zoned for business use, offering significant potential for a variety of commercial ventures. Its prime location along the heavily trafficked New Kent Highway ensures exceptional visibility and accessibility. The site's strategic positioning within a rapidly growing residential area, with an average home value within a one-mile radius of $408,000, promises a strong customer base. New Kent County's projected population growth of 7.7% by 2028 further underscores the long-term investment potential. This property is ideal for developers seeking to capitalize on the burgeoning retail market in this thriving community. The existing structure offers a blank canvas for creative redevelopment, allowing for the construction of a new building or adaptive reuse of the existing space. This is a rare opportunity to acquire a highly visible, strategically located parcel in a dynamic market poised for continued growth. Don't miss this chance to secure a prime piece of commercial real estate in Quinton, Virginia. The zip code is 23141.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
Alternative Use
- Use
- Valuation
- Residential
- $391,813
- Hospitality
- $358,899
- Educational
- $298,600
- Medical
- $308,869
- Retail
- $464,488
Location Insight
- City
- Quinton
- County
- New Kent
- State
- Virginia
- Latitude
- 37.5322
- Longitude
- -77.1144
- CBSA code
- 40060
- CBSA name
- RICHMOND, VA METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
FAQs
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