12726 Midlothian Turnpike

Description

Welcome to 12726 Midlothian Turnpike which is conveniently nestled in a prime area of the Greater Richmond MSA undergoing an impressive development trend. This 1.41 acres enjoys Midlothian Turnpike frontage with an ADT of 39,000 and is perfect for any use in need of a high ADT with evening commuter targeting. The adjacent 3.4 acre parcels were previously for sale and may be available to increase overall development acreage, however those parcels are no longer on the market at this time. Close to Walton Park, Salisbury, The Grove and other major residential areas; retail giants like Walmart, Food Lion, American Family Fitness, Wegman's, Petco, Party City, Walgreens, CVS and Sam's Club have enjoyed long term success in the area with other small retailers joining the fray. The site would be perfect for a self-storage facility, medical office, retail use, owner-user freestanding commercial or even multi-family (with adjoining parcels). This land is located in a prime rental rate area which can produce higher than expected returns post development. Currently priced to move, this 1.41 acres now favors developer entry into the area with primary road frontage needs. There is currently a 1 inch water line to the property, which may need to be expanded. Sewer line is located behind the property and a potential easement with the neighboring partner may be required. County will not allow septic at this area, but has offered incentives to expand the water line across Route 60.