5731 New Kent HwyQuinton, VA 23141

  • Other commercial real estate
  • 1,845 SF
For Sale

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
5731 New Kent Hwy, Quinton, Virginia

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

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
2023
$1,321
$121,000
$76,100
$197,100
-
$121,000
$76,100
$197,100

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