5164 New Market Road, Montross, VA 23231

$450,000

Show Photos

Verify your account to unlock exclusive photos, mortgage tools, and more.

List Price
$450,000
Price Change
▼ $90,000 1783723894
Days on Market
109
MLS#
CVR-2608395
Status
ACTIVE
Type
Commercial
Year Built
1955
County
Henrico
Region
40 - Henrico

Property Description

New Price! 5164 New Market Road presents a compelling commercial development opportunity along the historic Route 5 corridor in Henrico County. Positioned on New Market Road (Route 5), the property benefits from strong visibility and accessibility in a growing eastern Henrico submarket connecting Richmond and Williamsburg. The site is zoned B-3 (Business), allowing for a wide range of commercial uses that can serve both local residents and corridor traffic. With approximately 248 feet of frontage on New Market Road and 292 feet along Willis Church Road, the property offers valuable corner exposure and flexible site planning potential. This configuration makes it particularly well-suited for uses that rely on visibility, access, and traffic flow. Potential development concepts include a convenience store or fuel station, quick-service or fast-casual restaurant with drive-thru, or a neighborhood retail center. The site could also accommodate automotive sales or service, medical office, or professional office users. Contractors or service-oriented businesses may find the layout suitable for a yard or flex-use facility, subject to approvals. The surrounding area continues to see residential growth, increasing demand for nearby goods and services. Its location along a well-traveled historic corridor also captures pass-through and tourism-related traffic. The dual-road frontage enhances ingress and egress options, improving functionality for a variety of commercial layouts. Utilities and access in the area further support near-term development potential. Overall, the property offers a rare combination of zoning flexibility, frontage, and location. This is an excellent opportunity for investors, developers, or owner-users looking to establish a presence in an expanding corridor of Henrico County.

Additional Information

Acres
2.17
Roof
Asphalt
Heating
Electric
Stories
1
Heating
Electric
Water
Well
Sewer
Other, See Remarks

Mortgage Calculator

Amount of Loan
Annual Interest Rate
%
Term of Loan
Years

Does not include any taxes or fees.
Please consult a financial professional.
Calculator source: Real Geeks

Listing courtesy of Liz Moore & Associates.

board logo

All or a portion of the multiple listing information is provided by the Central Virginia Regional Multiple Listing Service, LLC, from a copyrighted compilation of listings. All CVR MLS information provided is deemed reliable but is not guaranteed accurate. The compilation of listings and each individual listing are © 2026 Central Virginia Regional Multiple Listing Service, LLC. All rights reserved. Real estate properties marked with the Central Virginia MLS (CVRMLS) icon are provided courtesy of the CVRMLS IDX database. The information being provided is for a consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties for purchasing. IDX information updated .