20+ AC Development Opportunity Near Richmond Airport
SVN/Motleys is pleased to present, as exclusive agent to the seller, the 20.368 acre development site located at the intersection of E. Williamsburg Rd. and Dry Bridge Rd. in Sandston, VA. This development opportunity will be offered via an Accelerated Sale on December 6, 2018 from 3-4 PM and presents an excellent commercial and residential development opportunity just East of downtown Richmond, with immediate access to the I-64 and I-295 interchange. The site is made up of 5 separate tax parcels and includes 4 residential houses. The entire site also has significant frontage along three separate roadways, including E. Williamsburg Rd. (Route 60), Dry Bridge Rd., as well as Old Williamsburg Rd. This development site is located directly across the street from the proposed Drybridge Commons, which is a proposed 80 acre development that would accommodate 43 single-family residences, 230 townhomes, 13 acres of commercial development that includes retail, office space, as well as a fast-casual restaurant. Significant commercial and residential development is planned for other areas surrounding this site as well, including the construction of the first phase of Facebook's $1 billion data storage center in the White Oak Technology Park, dubbed "Project Echo," that will consist of two buildings totaling approximately 970,000 square feet. These two buildings are scheduled to open during the first half of 2019 and will create thousands of jobs during construction, as well as more than 100 full-time jobs in the data center itself. Facebook also just recently announced, in September 2018, that they will be investing an additional $750 million to add three new buildings in White Oak Technology park. The project represents a $1.75 billion investment and will consist of a five-building campus totaling more than 2 million square feet. White Oak Technology park also houses another 1.3 million-square-foot data center operated by QTS. 1405 Old Williamsburg Rd. currently consists of a 1,392 square foot colonial farmhouse on a 11.065 acre lot. This house was constructed in 1905 and the property is zoned A-1 and B-2C by Henrico County. 1403 Old Williamsburg Rd. currently consists of a 1,904 square foot brick rancher on 1.033 acres. This house was built in 1959 and the property is zoned A-1 by Henrico County. 5390 Dry Bridge Rd. consists of a 1.039 acre lot that has been zoned B-2C by Henrico County with a 2,842 square foot house that was built in 1980. 5400 Dry Bridge Rd. currently consists of a 2,050 square foot brick rancher on a 1.801 acre lot that has been zoned B-2C by Henrico County. The fifth parcel, located across from the intersection of Old Williamsburg Rd. and Dry Bridge Rd., consists of a 5.43 acre commercial lot that has been zoned B-3 by Henrico County. This lot has more than 800 feet of frontage along E. Williamsburg Rd. (Route 60). The subject site is located less than 4 ± miles from Richmond International Airport in Sandston, VA, just 12 ± miles West of downtown Richmond, VA. Other nearby landmarks include Chickahominy Family YMCA (0.3 ± miles), Wellington Place Apartments (0.6 ± miles), Sandston Woods Apartments (1 ± mile), Woodlawn Terrace Neighborhood (1.3 ± miles), Richmond International Airport (4 ± miles), The Shops at White Oak Village (4 ± miles), White Oak Technology Park (4.5 ± miles), Downtown Richmond, VA (11 ± miles), and Williamsburg, VA (40 ± miles).
20.37
Acres
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