Auction Information
Online Bidding Site$1 Auction Walmart Adjacent 2 AC Parcel
RealINSIGHT Marketplace Online Auction June 26-28, 2023
* All bidders must register with Marketplace to participate in the auction event.
View Asset: rimarketplace. com/auction/1517/1-auction-walmart-adjacent-2-ac-parcel?utm_source=brevitas&utm_medium=listing&utm_campaign=land_1517
Investment Highlights
2.0 Acre Development Opportunity in Dense Retail Corridor
Favorable CG-2, General Commercial Zoning with Flexible Uses Permitted including Office, Retail, Restaurant, and Mini-Warehouse (with conditions)
Nearby Retail: Walmart, Food Lion, Lowes, Applebees, Sherwin Williams, Pizza Hut, OReilly Auto Parts, Dunkin, Wendys, Goodwill, Dollar Tree, McDonalds, Burger King, and more
Federal Opportunity Zone
Near Intersection of Hobbs Hole Drive and Tappahannock Blvd with Traffic Counts of 21,172 VPD
Absolute $1 Auction NO RESERVE!
Offering Summary
Marcus & Millichap and RI Marketplac...
Marcus & Millichap and RI Marketplace are pleased to present 2.0-acres located adjacent to 1648 Tappahannock Blvd (the Property) in Tappahannock, Virginia. The Property offers an exceptional investment opportunity via development and first bid meets reserve!
The Property is vacant land and consists of a single parcel totaling 2.0 acres. The Property is immediately adjacent to a Walmart and Holiday Inn Express near the intersection of Hobbs Hole Drive and Tappahannock Blvd. Other demand generators within one mile of the Property include Food Lion, Lowes, Applebees, Sherwin Williams, Pizza Hut, OReilly Auto Parts, Dunkin, Wendys, Goodwill, Dollar Tree, McDonalds, Burger King, and many more. The Property benefits from highly favorable and flexible General Commercial zoning that allows for a wide variety of commercial uses including general retail, restaurant, office, and many others. Mini-warehouse may be permitted as a Special Exception by the Board of Zoning Appeals in the CG-2 District. The Property is also located within a Federal Opportunity Zone.
Located 40 miles northeast of Richmond, Tappahannock is the county seat of Essex County. Cradled on the shore of the Rappahannock River, it is strategically placed at the crossroads of Central and Tidewater Virginia. As of 2022, there were approximately 13,817 residents with an average household income of $67,010 within an expanded 10-mile radius of the Property.
Lamar P. Fisher
Fisher Auction Company Inc.
License: 2907003627
Co:2908000783
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