5164 New Market Road, Montross, VA 23231
Henrico County
Key Facts
Description
New Price! 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.
Property Information
Property Type
Commercial Sale
Year Built
1955
Stories
1
Living Area
3,095 sq ft
Lot Size
2.17 acres
Lot Dimensions
426 x 390 x 502
Parking Spaces
14
Ownership
Investment,Owner-User
Days on Market
92
MLS® Listing#
2608395
Property Features
Heating
Lot Features
Roof
Sewer
Water Source
Financial Details
Assessed Value
$317,800
Parcel Number
841-673-8164
Affordability Calculator
$90,000
Estimated monthly payment
$2,395/mo
Principal $360,000 · Est. interest $502,232 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in Montross, VA
- $355,556
- Median Listing Price
- 82
- Median Days on Market
- 1,743
- Median Sq Ft
- $226
- Median Price / Sq Ft
- 62
- Active Listings
- This home’s price is 27% above the area median.
- Its price per sq ft is 36% below the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in Montross, VA.
Location
Getting Around
Points of Interest in Montross, VA
Showing the Montross area map.
Nearby Schools
Lynnhaven School
Secondary · 3.2 mi away
Mehfoud Elementary School
Elementary · 4.9 mi away
Ward Elementary School
Elementary · 5.4 mi away
Phase II Neighborhood After School & Child Development Center
School · 5.5 mi away
River's Bend Children's Center
School · 5.5 mi away
Varina Elementary School
Elementary · 5.6 mi away
Elizabeth Scott Elementary School
Elementary · 6.2 mi away
Enon Elementary School
Elementary · 6.2 mi away
Goddard School
School · 6.3 mi away
Elko Middle School
Secondary · 7.0 mi away
Broadway Christian School
School · 7.4 mi away
Hopewell Public Schools
School · 7.4 mi away
Varina High School
Secondary · 7.7 mi away
The Lead Center
School · 7.7 mi away
George F Baker Elementary School
Elementary · 7.8 mi away
Rolfe Middle School
Secondary · 7.8 mi away
West End Christian School
Secondary · 7.8 mi away
Dupont Elementary School
Elementary · 7.9 mi away
Seven Pines Elementary School
Elementary · 7.9 mi away
Carter G. Woodson Middle School
Secondary · 8.1 mi away
Commute Calculator
Nearby Homes
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Similar Home Values
Comparable nearby listings and their asking prices.
| Address | Price | Beds | Baths | Sq Ft |
|---|---|---|---|---|
| 1246 GRANTS HILL CHURCH, MONTROSS, VA | $325,000 | 3 | 2 | 1,300 |
| 329 N GLEBE ROAD, MONTROSS, VA | $325,000 | 3 | 2 | 1,207 |
| 115 ERICA DRIVE, MONTROSS, VA | $334,900 | 3 | 2 | 1,407 |
| 0 BEACON COURT, MONTROSS, VA | $339,900 | 3 | 3 | 1,416 |
| 139 WAKEFIELD STREET, MONTROSS, VA | $345,000 | 4 | 4 | 1,776 |
| 106 ERICA DRIVE, MONTROSS, VA | $349,900 | 3 | 2 | 1,456 |
Moving Cost Estimate
EXIT Agents in Montross
Listing Courtesy: Liz Moore & Associates - jolewis@lizmoore.com
Presented by: Mike Morrow
Last Updated: 2026-04-10