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16704 Richmond Hwy

1 Acre of Commercial Land Offered at $800,000 in Dumfries, VA 22026

Investment Highlights

  • Good visibility/exposure along Richmond Hwy
  • Located in an established densely populated area (30,000 within 3 miles)

Executive Summary

This 1.0 acre parcel is well located along the U.S. Rt 1 corridor, close to Commercial and Residential concentrations in eastern Prince Willian County between Dumfries and Woodbridge. The Market area is an established , density populated area (30,000 within 3 miles) with a good traffic count, and experiencing redevelopment and population growth. The site is rectangular in shape, wooded, with a gradual slope with 140 feet on Richmond Hwy. Access is right-in, right out for south bound traffic, but good visibility/exposure along Richmond Hwy. One of the owners currently lives in an older home on the property but will vacate at closing. Home may provide an interim use as a rental until the building is razed for a commercial use.
Currently site is served by well & septic, but public water and sewer are available, but not in place (see utility map). Subject is zoned B-1, General Business is intended for regional Commercial and general land uses (See B-1 Zoning) such as retail, office financial and medical uses, restaurant, veterinary hospital etc. Property can be inspected anytime with notice to agent who will inform owner, Interior of home will only be inspected after contract is ratified as part of the study period. Located in front of Mary Williams Elementary , Potomac Middle, and Potomac High Schools.

Property Facts

Price $800,000
Sale Type Investment
Sale Conditions Redevelopment Project
No. Lots 1
Property Type Land
Property Subtype Commercial
Proposed Use
Commercial
  • Retail
  • Office
  • Medical
  • Restaurant
  • Veterinarian or Kennel
Total Lot Size 1.00 AC
Opportunity Zone Yes

1 Lot Available

Lot

Price $800,000
Price Per AC $800,000
Lot Size 1.00 AC

Description

This 1.0 acre parcel is well located along the U.S. Rt 1 corridor, close to Commercial and Residential concentrations in eastern Prince Willian County between Dumfries and Woodbridge. The Market area is an established , density populated area (30,000 within 3 miles) with a good traffic count, and experiencing redevelopment and population growth. The site is rectangular in shape, wooded, with a gradual slope with 140 feet on Richmond Hwy. Access is right-in, right out for south bound traffic, but good visibility/exposure along Richmond Hwy.

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
8290-40-7646
Land Assessment
$509,700
Improvements Assessment
$17,000
Total Assessment
$526,700

zoning

Zoning Code B-1 (General Business)
B-1 (General Business)
  • Listing ID: 33222102

  • Date on Market: 9/18/2024

  • Last Updated:

  • Address: 16704 Richmond Hwy, Dumfries, VA 22026

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