16301 & 16721 & 16731 Midlothian Turnpike
Land | 63.32 acres
Marketing description
Prime Development Opportunity Along Midlothian Turnpike
Commonwealth Commercial is pleased to present a unique opportunity to acquire three contiguous parcels totaling ±63.32 acres along one of Chesterfield County’s most active growth corridors. Located at 16301, 16721, and 16731 Midlothian Turnpike, these parcels offer exceptional development potential in a highly visible and rapidly expanding area of Midlothian, Virginia.
The combined frontage along Midlothian Turnpike (±2,000 feet) and Dry Bridge Road (±1,300 feet) provides excellent visibility and access, while nearby water and sewer availability enhances development feasibility. Zoned I-2 (General Industrial), the property is suitable for a wide range of commercial, industrial, and mixed-use development options.
Situated in the path of growth, the site is strategically located near the Powhite Parkway Extension and Route 288 interchange, surrounded by established and future residential, commercial, and industrial developments. Notable nearby developments include Westchester Commons, Watkins Centre, and Oakbridge Business Park, along with thousands of approved new residential units.
This is an exceptional opportunity for investors, developers, and owner/users looking to capitalize on the continued expansion of the Midlothian corridor.
Investment highlights
±63.32 Total Acres Across 3 Adjacent Parcels
• 16301 Midlothian Turnpike – ±57.79 AC
• 16721 Midlothian Turnpike – ±4.82 AC
• 16731 Midlothian Turnpike – ±0.71 AC
Zoned I-2 (General Industrial) – Flexible zoning for a variety of commercial and industrial uses
Power Line Easement: ±13.35 AC | Resource Protection Area (RPA): ±4.48 AC
Significant Road Frontage – ±2,000’ on Midlothian Turnpike, ±1,300’ on Dry Bridge Road
Public Utilities Nearby – Water and sewer available
Strategic Location – Excellent access to Route 288, Powhite Pkwy, and Midlothian Turnpike
High Visibility Corridor – ±46,500 vehicles per day
Structures on Site – Two parcels (16301 & 16721) each contain a single-family residence
Surrounded by Regional Growth – Retail, medical, office, and residential development all nearby
Strong Demographics – Average household income over $138,000 within a 5-mile radius
Listing Contacts
Valuation Calculator
Valuation Metrics
Map
Broker Selected Comps View More Comps
Property History
Tax History
Similar Properties
Additional Information
Is there information that looks off?
