Property Listing No Longer Available for Sale

Old Telegraph Road, Ashland, VA

Land for Sale - $8,000,000 - 145 acres


Property Info

CIMLS#873839
Location
  Old Telegraph Road
  Ashland VA 23005
UpdatedSeptember 11th, 2016
TypeLand
Price$8,000,000
Land145 acres

Property Description

Brock Spring, originally an "ordinary" or inn, was well known as a stopover for Caroline County farmers on their way to the colonial Richmond marketplace. The 144+ acres of Brock Spring Farm is heavily wooded, gently rolling forest land which slopes gently from Old Telegraph Road on the West at an elevation of 204' to include two intermittent streams and a small lake. It is estimated that approximately 60% of the property is outside of any wetlands or buffer requirements.A 24" gravity sewer line runs along the easterly boundary of the property and municipal water is available in both Lakeridge Parkway and US Route 1.

The property consists of 3 large contiguous parcels plus a small 5-acre parcel across Old Telegraph Road that would serve to create a direct access to US-1 to the west. There are an additional 35+ acres adjacent to the south that is also currently available for $1.5 million and listed with this firm.

Location Description:

The property is located in Hanover County just west of I-95 and is within the boundaries of the Lewistown Road Economic Development Zone ("EDZ"). Hanover County has collaborated with private development to create over 500 acres of new business and destination retail uses including Bass Pro Shop, Harley Davidson and others. Northlake Business Park and Winding Brook Retail Center anchor the development at this interchange. The completion of the Lakeridge Parkway extension from Route 1 to Sliding Hill Road provides a significant development corridor for retail, destination retail, and business uses and allows Hanover County to take better advantage of the growth opportunities along the I-95 corridor.

The Brock Spring Farm Property is ideally located adjacent to the Winding Brook Retail Center with a natural point of connection with Lakeridge Parkway and would represent the largest single acreage expansion of that venue. There are nearly 7,000 businesses that employ over 95,000 people within 15-minutes drive-time of the property. Residential population in this same 15-minute proximity is 142,000 with an average 2015 household income of $82,331.

Highlights:

>> 6,000 SF Estate Home on 144.24 +/- wooded Acres

>> Adjacent to Winding Brook/Bass Pro Shop Development.

>> At the Crossroads of I-95 & I-295/I-64 connecting Richmond, Washington DC, Virginia Beach & Charlottesville.

>> Located in Hanover County "Lewistown" Economic Development Zone ("EDZ") with priority permitting for development

>> Proposed uses include Corporate Retreat Center, Commerce Park Development and Destination Entertainment.

>> Municipal utilities available to support intensive commercial and business development.

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Financials

Sales Info:

>> Commision split: 3.0%