16215 Eltham Rd
Lanexa, VA 23089

This 84-acre land parcel on Eltham Road (Route 33) in New Kent County, Virginia, offers a prime development opportunity in a rapidly growing corridor between Richmond and Williamsburg. The property boasts approximately one mile of road frontage, providing exceptional visibility and access for future commercial or mixed-use projects. Its strategic location near Interstate 64 ensures quick connectivity to major markets, including the Hampton Roads and Richmond MSAs.
The site benefits from significant infrastructure improvements, including the Virginia Department of Transportation’s expansion of I-64 to three lanes in each direction and the $3.8 billion Hampton Roads Bridge Tunnel project, which will enhance regional mobility. Surrounding developments underscore the area’s growth trajectory, with a new 800,000 SF AutoZone Distribution Center, a planned 1.4 million SF Target Distribution Center, and a Buc-ee’s travel center scheduled to open in 2027. CarMax is also developing a vehicle repair and auction center nearby, slated for completion in 2025.
Zoned Economic Opportunity, the property allows multiple uses by right, making it ideal for retail, industrial, or mixed-use development. With approximately 25 acres currently developable and potential for additional acreage, this site offers flexibility for phased projects. Priced at $1,399,000 ($16,654 per acre), this is a rare chance to secure a large tract in a high-growth corridor with strong transportation links and robust economic drivers.