11275 Iron Bridge RdChester, VA 23831

Property Details for 11275 Iron Bridge Rd

Year built

2023

Lot size

1.15 AC

Zone code

C3 - COMMUNITY BUS DIST

Property type

Commercial real estate

APN

774-65-63-34-600-000

APU

774656334600000

Description

This exceptional 1.15-acre (net ±0.71 acres) commercial pad site presents a unique investment opportunity in Chesterfield County, Virginia. Located at 11275 Iron Bridge Road, Chester, VA 23831, this property boasts unparalleled visibility and accessibility due to its strategic corner location on Iron Bridge Parkway. The site is zoned C-3, offering flexibility for a wide range of commercial developments. Whether you're seeking to purchase the land outright, secure a ground lease, or pursue a build-to-suit arrangement, this location provides significant advantages. Its convenient access and high traffic counts make it ideal for businesses seeking maximum exposure. The property's size and zoning regulations allow for substantial development potential, catering to various commercial ventures. Detailed site plans and development specifications are available upon request. This prime location in the thriving Chester community offers a compelling opportunity for investors and developers alike to capitalize on a high-demand area. Serious inquiries are encouraged to explore the possibilities of this exceptional commercial land parcel. The property is situated in Chesterfield County, offering access to a robust infrastructure and a strong local economy. Don't miss this chance to secure a prominent location for your next commercial project.

• CAP approach

  CAP return

  Valuation

  6%

  $10,533,400

  6.5%

  $9,723,100

  7%

  $9,028,590

• Comparable approach

  Method

  Valuation

  Relative Method

  $5,622,100

  Geo Method

  $8,366,200

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $19,266,600

  Retail / Commercial

  $9,855,530

  Mixed-Use / Specialty

  $9,801,260

  Hospitality / Lodging

  $7,165,950

  Office

  $9,723,100

  Institutional / Educational

  $10,182,500

  Residential Income

  $11,913,500

  Multifamily

  $14,394,500

  Automotive / Energy

  $8,727,870

  Parking / Income-Based Land

  $3,030,790

  Restaurant / Food Service

  $5,056,870

  Healthcare / Senior Housing

  $10,070,600

Location Insight

City

Chester

County

Chesterfield

State

Virginia

Latitude

37.3608

Longitude

-77.4973

CBSA code

40060

CBSA name

RICHMOND, VA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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