3306 Old Bridge Road Lake Ridge, Virginia 22192
Retail Land For Sale
Planned Multi-Tenant Retail Center Property Address: 3306 Old Bridge Road, Lake Ridge, VA 22192 Property Highlights: Strategic / Ideal Restaurant, Convenience Store, Bank w Drive Through Location. Prime Regional Location, Prince William County, Greater Washington DC Metro Area, Northern Virginia Strong & Growing Traffic Counts 36,000 A.D.T. Strong & Growing Demographics Employment Has Grown by 6.3% since 2004 Strong & Growing Population 184,801 within 5 mi
rlt
R. L. Travers & Associates, Inc.
Post Office Box 686 Springfield, Virginia 22150 P: 703.339.0100 F: 703.550.8815 www.rltinc.net
For more information, please contact: Guy Travers, Principal Broker 703.339.0100 gtravers@rltinc.net
Disclaimer: We have in preparing this information, used our best endeavors to ensure that the information contained herein is true and accurate, and deemed to be a reliable reflection of market values or has been secured from sources we believe to be reliable, but we make no representation, guarantee or warranties, expressed or implied, as to the accuracy of the information complete, or reliable, current or error-free and assume no responsibility for any errors or omissions contained therein. All references to age, square footage, income, and expenses are approximate. This is not a survey, any pictures, images, or drawings are only for illustrative purposes. Any party should conduct their own independent investigations and rely solely on those results. This is not intended as a listing solicitation for a property currently listed with another broker.
3306 Old Bridge Road Lake Ridge, Virginia 22192
Retail Land For Sale
RETAIL LAND AVAILABLE FOR DEVELOPMENT Strategically located between Lake Ridge Commons (Giant Food Grocery Store, M&T Bank, Starbucks, etc.) and Festival at Old Bridge (Bloom Grocery Store, Gold’s Gym, BB&T, SunTrust Bank, etc.) Located on Old Bridge Road. Old Bridge provides a major intraCounty connection and provides access to both I-95 and the Prince William Parkway. This road will continue to handle increased traffic volumes as development continues in the residential and commercial sections of Lake Ridge. Site is 1.4 mi to Prince William Parkway, 4 mi to I-95, 15 mi to I-495, 25 mi to Washington DC, and 28 mi to Washington Dulles International Airport
rlt
R. L. Travers & Associates, Inc.
Post Office Box 686 Springfield, Virginia 22150 P: 703.339.0100 F: 703.550.8815 www.rltinc.net
For more information, please contact: Guy Travers, Principal Broker 703.339.0100 gtravers@rltinc.net
Disclaimer: We have in preparing this information, used our best endeavors to ensure that the information contained herein is true and accurate, and deemed to be a reliable reflection of market values or has been secured from sources we believe to be reliable, but we make no representation, guarantee or warranties, expressed or implied, as to the accuracy of the information complete, or reliable, current or error-free and assume no responsibility for any errors or omissions contained therein. All references to age, square footage, income, and expenses are approximate. This is not a survey, any pictures, images, or drawings are only for illustrative purposes. Any party should conduct their own independent investigations and rely solely on those results. This is not intended as a listing solicitation for a property currently listed with another broker.
3306 Old Bridge Road Lake Ridge, Virginia 22192
Retail Land For Sale
Site Plan Land Size: 3.518 Acres Proposed Building Sizes: Retail / Restaurant Space – 27,750 SqFt (divisible) Bank with Drive-Through – 4,000 SqFt Parking: Bank – 32 Spaces Provided Retail Shops – 147 spaces Provided Total – 179 spaces Provided
rlt
R. L. Travers & Associates, Inc.
Post Office Box 686 Springfield, Virginia 22150 P: 703.339.0100 F: 703.550.8815 www.rltinc.net
For more information, please contact: Guy Travers, Principal Broker 703.339.0100 gtravers@rltinc.net
Disclaimer: We have in preparing this information, used our best endeavors to ensure that the information contained herein is true and accurate, and deemed to be a reliable reflection of market values or has been secured from sources we believe to be reliable, but we make no representation, guarantee or warranties, expressed or implied, as to the accuracy of the information complete, or reliable, current or error-free and assume no responsibility for any errors or omissions contained therein. All references to age, square footage, income, and expenses are approximate. This is not a survey, any pictures, images, or drawings are only for illustrative purposes. Any party should conduct their own independent investigations and rely solely on those results. This is not intended as a listing solicitation for a property currently listed with another broker.
3306 Old Bridge Road Lake Ridge, Virginia 22192
Retail Land For Sale
Site Plan
rlt
R. L. Travers & Associates, Inc.
Post Office Box 686 Springfield, Virginia 22150 P: 703.339.0100 F: 703.550.8815 www.rltinc.net
For more information, please contact: Guy Travers, Principal Broker 703.339.0100 gtravers@rltinc.net
Disclaimer: We have in preparing this information, used our best endeavors to ensure that the information contained herein is true and accurate, and deemed to be a reliable reflection of market values or has been secured from sources we believe to be reliable, but we make no representation, guarantee or warranties, expressed or implied, as to the accuracy of the information complete, or reliable, current or error-free and assume no responsibility for any errors or omissions contained therein. All references to age, square footage, income, and expenses are approximate. This is not a survey, any pictures, images, or drawings are only for illustrative purposes. Any party should conduct their own independent investigations and rely solely on those results. This is not intended as a listing solicitation for a property currently listed with another broker.
3306 Old Bridge Road Lake Ridge, Virginia 22192
Retail Land For Sale
Prince William County Tax Map
rlt
R. L. Travers & Associates, Inc.
Post Office Box 686 Springfield, Virginia 22150 P: 703.339.0100 F: 703.550.8815 www.rltinc.net
For more information, please contact: Guy Travers, Principal Broker 703.339.0100 gtravers@rltinc.net
Disclaimer: We have in preparing this information, used our best endeavors to ensure that the information contained herein is true and accurate, and deemed to be a reliable reflection of market values or has been secured from sources we believe to be reliable, but we make no representation, guarantee or warranties, expressed or implied, as to the accuracy of the information complete, or reliable, current or error-free and assume no responsibility for any errors or omissions contained therein. All references to age, square footage, income, and expenses are approximate. This is not a survey, any pictures, images, or drawings are only for illustrative purposes. Any party should conduct their own independent investigations and rely solely on those results. This is not intended as a listing solicitation for a property currently listed with another broker.
3306 Old Bridge Road Lake Ridge, Virginia 22192
Retail Land For Sale
Old Hickory
Lake Ridge Park Golf & Marina
Festival at Old Bridge
Lake Ridge Commons
GOLF CLUB
Reid’s Prospect
Tackett’s Mill
The Glen
36,000+ Annual Average Daily Traffic Volume Estimates 2008
Prince William County Government Buildings
Prince William County Development Services Building & Building & Land Development Divisions Prince William County Administration Prince William County Aging Prince William County Fire Marshal Prince William County Attorney Prince William County Public Works Prince William Board of County Supervisors Prince William Office of Executive Management / Budget & Analysis Prince William Chief's Office Prince William County Finance Prince William P Prince William County Information Technology
49,000+ Annual Average Daily Traffic Volume Estimates 2008
35,000+ Annual Average Daily Traffic Volume Estimates 2008
45,000+ Annual Average Daily Traffic Volume Estimates 2008
52,000+ Annual Average Daily Traffic Volume Estimates 2008
Prince William County Services Authority
rlt
R. L. Travers & Associates, Inc.
Post Office Box 686 Springfield, Virginia 22150 P: 703.339.0100 F: 703.550.8815 www.r l t i nc .net
For more information, please contact: Guy Travers, Principal Broker 703.339.0100 gtravers@rltinc.net
Disclaimer: We have in preparing this information, used our best endeavors to ensure that the information contained herein is true and accurate, and deemed to be a reliable reflection of market values or has been secured from sources we believe to be reliable, but we make no representation, guarantee or warranties, expressed or implied, as to the accuracy of the information complete, or reliable, current or error-free and assume no responsibility for any errors or omissions contained therein. All references to age, square footage, income, and expenses are approximate. This is not a survey, any pictures, images, or drawings are only for illustrative purposes. Any party should conduct their own independent investigations and rely solely on those results. This is not intended as a listing solicitation for a property currently listed with another broker.
3306 Old Bridge Road Lake Ridge, Virginia 22192
Retail Land For Sale
Aerial Property Views
rlt
R. L. Travers & Associates, Inc.
Post Office Box 686 Springfield, Virginia 22150 P: 703.339.0100 F: 703.550.8815 www.rltinc.net
For more information, please contact: Guy Travers, Principal Broker 703.339.0100 gtravers@rltinc.net
Disclaimer: We have in preparing this information, used our best endeavors to ensure that the information contained herein is true and accurate, and deemed to be a reliable reflection of market values or has been secured from sources we believe to be reliable, but we make no representation, guarantee or warranties, expressed or implied, as to the accuracy of the information complete, or reliable, current or error-free and assume no responsibility for any errors or omissions contained therein. All references to age, square footage, income, and expenses are approximate. This is not a survey, any pictures, images, or drawings are only for illustrative purposes. Any party should conduct their own independent investigations and rely solely on those results. This is not intended as a listing solicitation for a property currently listed with another broker.
3306 Old Bridge Road Lake Ridge, Virginia 22192
Retail Land For Sale
Greater Washington Area Demographics Greater Washington is one of the most dynamic economies in the United States, and remains largely insulated to business cycles. Last year, as six of the top ten major metropolitan areas saw an annual percentage decline in employment, the Greater Washington region created 17,000 net new jobs. Greater Washington’s annual job growth percentage in 2008 trailed only that of Dallas.
Job Growth, 1998–2008 (in thousands of jobs)
From 1998 to 2008, Greater Washington added 643,000 net new jobs — topping even New York, which has an economy nearly three times as large as Greater Washington’s. The Greater Washington region’s resiliency is also reflected in unemployment rate comparisons. The national unemployment rate as of February 2009 stood at 8.9 percent. The Greater Washington region’s, by contrast, was just 6.1 percent. Greater Washington has had the lowest unemployment rate of the top ten metropolitan areas in all but two months during the last eight years. Historically, Greater Washington’s unemployment rate has been at least two percent below the national average — and during the last five recessions, it has averaged between 2.2 and 4.8 percent below the US average.
SOURCE: GMU Center for Regional Analysis
Real Estate Across the Greater Washington region, commercial and residential real estate markets remain resilient despite nationwide downturns in these markets. Investors remain confident in our housing market. The Association of Foreign Investors in Real Estate ranked Washington the No. 1 global city for real estate investment, beating out London, New York, Tokyo, Shanghai, and San Francisco. As the Greater Washington region continues to grow, the region’s solution-driven public and private leadership is investing in projects that ensure the region’s attractiveness to both residents and businesses.
Projected Median Home Prices
Leasing (Class A price per square foot)
Regional Real Estate Data Source: Global Insight
rlt
R. L. Travers & Associates, Inc.
Post Office Box 686 Springfield, Virginia 22150 P: 703.339.0100 F: 703.550.8815 www.rltinc.net
Regional Commercial Real Estate Source: Costar Group
For more information, please contact: Guy Travers, Principal Broker 703.339.0100 gtravers@rltinc.net
Disclaimer: We have in preparing this information, used our best endeavors to ensure that the information contained herein is true and accurate, and deemed to be a reliable reflection of market values or has been secured from sources we believe to be reliable, but we make no representation, guarantee or warranties, expressed or implied, as to the accuracy of the information complete, or reliable, current or error-free and assume no responsibility for any errors or omissions contained therein. All references to age, square footage, income, and expenses are approximate. This is not a survey, any pictures, images, or drawings are only for illustrative purposes. Any party should conduct their own independent investigations and rely solely on those results. This is not intended as a listing solicitation for a property currently listed with another broker.
3306 Old Bridge Road Lake Ridge, Virginia 22192
Retail Land For Sale
Prince William County Demographics Prince William County at a glance, Prince William County Department of Economic Development Community Profile: Prince William County, the newest center for business opportunity in the Metropolitan Washington area, is only 30 miles southwest of the nation’s capital. Prince William County is home to Northern Virginia’s newest technology park, Innovation @ Prince William Technology Park, anchored by George Mason University, American Type Culture Collection, Lockheed Martin Federal Systems and is adjacent to Micron Technology Virginia. Recent corporate additions to the County include Science Applications International Corporation (SAIC), Advion Biosciences Inc., Zestron, FBI’s Northern Virginia Resident Agency, and Jacobs Technology. With a population of 395,485, Prince William County is a youthful and vigorous community where schools annually outpace state and national achievement standards, and nearly half of the adult population has a college degree. Prince William County is fast becoming the heart of the highly-educated Northern Virginia labor pool, as 75% of Northern Virginia workers live within a 30-minute rush-hour commute of the center of the County. Resources, ease-of-living and location are all here at Prince William. Total square miles : 348 (222,615 acres) including towns & cities Populati on: 395,485* (Dec 15 t h , 2009, PWC OIT) *estimate Labor force: 200,870 (Nov 2007, VWC) At-plac e employment: 102,578 (2 n d Quarter 2 009) At-place average weekly wages in Northern Virginia grew by 1 .5% in the last year and 21 .8% since 2004. Unemployment rate: 5.5% (Dec 2009, VEC) Average Annual Unemployment Rates 1990-2009 Prince William County, Virginia, United States
Source: Virginia Employment Commission. LAUS data;
Medi an household i ncome: $88,724 This ranks sixteenth among the largest counties in the United States, fourth in the com monwealth, and is an indication of the relative wealth of Prince William County and the greater Washington metropolitan regio n, which included nine of the top twenty counties in the nation for median household income. Medi an assessed hous e value: $467,857 (June 2007, PWC DOF Office of Real Estate Assessments) Adults with a college degree: According to the Census Bureau’s 2008 American Community Surv ey, 36.9% of adults in Prince William County had bachelor’s degrees or higher, co mpared to 27.7% in the nation as a whole.
rlt
R. L. Travers & Associates, Inc.
Post Office Box 686 Springfield, Virginia 22150 P: 703.339.0100 F: 703.550.8815 www.rltinc.net
For more information, please contact: Guy Travers, Principal Broker 703.339.0100 gtravers@rltinc.net
Disclaimer: We have in preparing this information, used our best endeavors to ensure that the information contained herein is true and accurate, and deemed to be a reliable reflection of market values or has been secured from sources we believe to be reliable, but we make no representation, guarantee or warranties, expressed or implied, as to the accuracy of the information complete, or reliable, current or error-free and assume no responsibility for any errors or omissions contained therein. All references to age, square footage, income, and expenses are approximate. This is not a survey, any pictures, images, or drawings are only for illustrative purposes. Any party should conduct their own independent investigations and rely solely on those results. This is not intended as a listing solicitation for a property currently listed with another broker.
3306 Old Bridge Road Lake Ridge, Virginia 22192
Retail Land For Sale
PRINCE WILLIAM COUNTY ZONING ORDINANCE - COMMERCIAL DISTRICTS: (For Reference Purpose Only - Not A Legal Document)
B-1, General Business District Purpose and Intent. The B-1 district is intended to implement the regional commercial center and general commercial land use classifications of the comprehensive plan. It is generally intended to provide areas for community-scale retail, office, and institutional uses in appropriate areas. The purpose of this district is to also promote retail employment opportunities and to enhance the tax base of Prince William County. The B-1 district is not designed to implement the non-retail employment based land uses reflected in the comprehensive plan; non-retail uses, however, are permitted within the district to complement and support the retail purposes. Uses permitted by right. The following uses shall be permitted by right in the B-1 district: 1. 2. 3. 4. 5.
6. 7. 8. 9. 10. 11. 12. 13. 14. 15. 16. 17. 18.
19. 20. 21.
Adult day-care facility. Alarm systems operations, office. Ambulance service (commercial). Assisted living facility. Barber shop or beautician studio, tanning and toning salon (one set of toning equipment only). Brewery and bottling associated with a restaurant. Business school. Cafeteria/lunchroom/snack bar/automat. Catering--Commercial (off premises). Catering--Commercial (on or off premises). Child-care facility. Civic club. College, university or seminary. Commercial artist or photographer's studio. Commercial bus station. Cultural arts center. Data and computer services. Dry cleaning/garment processing facility, retail, less than 3,000 square feet. Dry cleaning pick-up facility. Event center/meeting hall. Financial institution.
rlt
R. L. Travers & Associates, Inc.
22. 23. 24. 25. 26. 27. 28. 29. 30. 31. 32. 33. 34. 35. 36. 37. 38. 39. 40. 41. 42. 43. 44.
Garden center. Greenhouse or nursery. Hospital. Hotel or motel. Household equipment and appliance service. Institute for special education and training. Interior design and decorating shop. Laundromat. Lawn mower service. Locksmith. Medical or dental laboratory. Medical or dental office and clinic. Mortuary, funeral or wedding chapel. Motor vehicle parts, retail. Nursing or convalescent care facility. Office. Office equipment sales, lease and service. Optical and eye care facility. Package, telecommunications and courier service. Pet grooming service. Photographic processing laboratory. Place of religious worship or assembly. Private school (no boarding).
Post Office Box 686 Springfield, Virginia 22150 P: 703.339.0100 F: 703.550.8815 www.rltinc.net
45. 46. 47. 48. 49.
50. 51. 52. 53. 54. 55. 56. 57. 58. 59. 60. 61. 62. 63. 64.
Quick service food store. Radio or TV broadcasting station. Recording studio. Recreation facility, commercial (indoor). Recycling collection points, subject to the standards in section 32250.84. Religious institution. Restaurant. Restaurant, carry-out. Retail store, less than 80,000 square feet. School of special instruction. Shoe repair. Shopping center A, B, C or D (See Part 100). Tailor, seamstress shop. Theater (drive-in). Theater (indoor). Tool and equipment rental (minor). Trade, conference or convention center. Trade, technical and vocational school. Travel agency. Veterinary hospital.
For more information, please contact: Guy Travers, Principal Broker 703.339.0100 gtravers@rltinc.net
Disclaimer: We have in preparing this information, used our best endeavors to ensure that the information contained herein is true and accurate, and deemed to be a reliable reflection of market values or has been secured from sources we believe to be reliable, but we make no representation, guarantee or warranties, expressed or implied, as to the accuracy of the information complete, or reliable, current or error-free and assume no responsibility for any errors or omissions contained therein. All references to age, square footage, income, and expenses are approximate. This is not a survey, any pictures, images, or drawings are only for illustrative purposes. Any party should conduct their own independent investigations and rely solely on those results. This is not intended as a listing solicitation for a property currently listed with another broker.