Land just west of Short Pump trades for $11M

12574 Broad Street 570x358 1

The plot of land at 12574 Broad Street Road and 1515 Little Tuckahoe Court. (Courtesy Commonwealth Commercial Partners)

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.

12574 Broad Street land 1

An entity tied to Page Auto Group dropped eight figures for 15 acres near Short Pump. (Photos by Mike Platania)

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.

12574 Broad Street land 2

The land wraps around the Wawa, pictured right, on West Broad near the 288 on-ramps.

12574 Broad Street 570x358 1

The plot of land at 12574 Broad Street Road and 1515 Little Tuckahoe Court. (Courtesy Commonwealth Commercial Partners)

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.

12574 Broad Street land 1

An entity tied to Page Auto Group dropped eight figures for 15 acres near Short Pump. (Photos by Mike Platania)

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.

12574 Broad Street land 2

The land wraps around the Wawa, pictured right, on West Broad near the 288 on-ramps.

This story is for our paid subscribers only. Please become one of the thousands of BizSense Pro readers today!

Your subscription has expired. Renew now by choosing a subscription below!

For more informaiton, head over to your profile.

Profile


SUBSCRIBE NOW

 — 

 — 

 — 

TERMS OF SERVICE:

ALL MEMBERSHIPS RENEW AUTOMATICALLY. YOU WILL BE CHARGED FOR A 1 YEAR MEMBERSHIP RENEWAL AT THE RATE IN EFFECT AT THAT TIME UNLESS YOU CANCEL YOUR MEMBERSHIP BY LOGGING IN OR BY CONTACTING [email protected].

ALL CHARGES FOR MONTHLY OR ANNUAL MEMBERSHIPS ARE NONREFUNDABLE.

EACH MEMBERSHIP WILL ONLY FUNCTION ON UP TO 3 MACHINES. ACCOUNTS ABUSING THAT LIMIT WILL BE DISCONTINUED.

FOR ASSISTANCE WITH YOUR MEMBERSHIP PLEASE EMAIL [email protected]




Return to Homepage

Subscribe
Notify of
guest

0 Comments
oldest
newest most voted
Inline Feedbacks
View all comments