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Investment Highlights

  • 2.03-acre site located at the intersection of Route 1 and Cedar Lane.
  • Excellent access to I-95 via the Atlee/Elmont exit.
  • Surrounded by established retail, residential communities, and industrial growth.
  • Zoned B-3 and M-2, allowing for a variety of commercial uses.
  • High visibility with 24,000 vehicles per day along Washington Highway.
  • Concept plan includes two proposed fast-food restaurant pads with drive-thru capability.

Executive Summary

This 2.03-acre parcel at 10321 Washington Highway offers a prime development opportunity at the intersection of Route 1 and Cedar Lane in Glen Allen, Virginia. Zoned B-3 and M-2, the site provides flexibility for a range of commercial uses, including retail, quick-service restaurants, and other high-traffic businesses. The property benefits from excellent visibility along Washington Highway, which sees an average daily traffic count of 24,000 vehicles, and is easily accessible from I-95 via the Atlee/Elmont exit.
The surrounding area is experiencing significant growth, with a strong mix of retail, residential, and industrial developments. Nearby amenities include major retailers such as Walmart, Publix, Target, and numerous dining options, as well as large-scale projects like Virginia Center Commons redevelopment and Sauer Land Development. This location is well-positioned to capture demand from both local residents and regional travelers, making it an attractive investment for developers and operators seeking a high-exposure site in a thriving corridor.

Property Facts

Sale Type Investment
No. Lots 1
Property Type Land
Property Subtype Commercial
Proposed Use Commercial
Total Lot Size 2.03 AC
Zoning B-3/M-2 - Business

1 Lot Available

Lot

Lot Size 2.03 AC

Strategically located at the intersection of Route 1 and Cedar Lane.

Description

The property at 10321 Washington Highway in Glen Allen, Virginia, consists of 2.03 acres of land situated at the intersection of Route 1 and Cedar Lane. It is zoned B-3 and M-2 and is located near the Atlee/Elmont exit of Interstate 95. The site is positioned along a corridor with an average daily traffic count of approximately 24,000 vehicles. The surrounding area includes retail centers, residential neighborhoods, and industrial developments. Nearby points of interest include Virginia Center Commons, Sauer Land Development, and Hanover County Municipal Airport.

Property Taxes

Property Taxes

Parcel Numbers
Multiple
  • 7787-26-9450
  • 7787-26-7565
Land Assessment
$710,773 CAD
Improvements Assessment
$0 CAD
Total Assessment
$710,773 CAD
  • Listing ID: 39748585

  • Date on Market: 2026-03-12

  • Last Updated:

  • Address: 10321 Washington Hwy, Glen Allen, VA 23059

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