An increasingly rare undeveloped parcel within reach of Short Pump has been bought for $11 million.
A 15-acre plot at 12574 Broad Street Road and 1515 Little Tuckahoe Court in Goochland, just beyond the Henrico County line, sold earlier this month for $11 million. That’s around $730,000 an acre.
The buyer was Cox Property, a recently formed LLC tied to Larry Page. Page owns Page Auto Group, which operates the nearby Audi Richmond dealership at 12592 Broad Street Road, along with eight other car dealerships throughout the region.
Calls to Page seeking comment went unreturned by press time. Cox Property’s registered agent, C. Michael DeCamps of Sands Anderson, also could not be reached for comment.
The land, which wraps around existing Wawa and Sunbelt Rentals locations, most recently was assessed at a total of $6.4 million, per Goochland property records.
The Little Tuckahoe Court parcel totals 13.2 acres and is zoned for industrial use. The Broad Street Road parcel totals 2.4 acres and is zoned B-1 general business district.
Mattox & Co.’s Bill Mattox and Commonwealth Commercial’s David Williams represented the seller in the deal, a trustee of S. Barbee Cox III. Cox is the president of local demolition firm S.B. Cox Inc.
In addition to his Audi dealership, Page had been positioning an adjoining 3-acre plot at 1610 Three Chopt Road for potential hotel development last year. He bought that parcel in 2017 while assembling land for the Audi dealership. It’s unclear where those plans stand.