5164 New Market Rd
Richmond, VA 23231
Retail Property For Sale

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.