Chesapeake Circle Listing Details & Market Data

We are excited to share with you an opportunity to posture your business in New Kent County, the fastest growing County in Virginia and one of the fastest growing Counties in the Country. We are currently marketing a commercial property located at the intersection of Interstate 64 and Rt 155. Parcel ID number 100985. The location is immediately off Interstate 64 and is located directly across from the entrance to Colonial Downs Horse Track and Rosie’s Gaming Emporium. Colonial Downs and Rosie’s Gaming Emporium were recently purchased by Churchill Downs. Colonial Downs/Rosie's currently averages just under 1000 visitors per day and that number will continue to grow. Also surrounding Colonial Downs is the Brickshire Community that has over 3000 homes, and more are being built daily. With the Race Track and New Kents nationally recognized Wineries and Golf Courses tourism is a major draw to New Kent. Victors spent $29.9m In New Kent in 2022, 7% more than 2021. Visitation grew in 2022 by 3.6% over 2021. The number of trips to the area was 17.5m in 2022. The property is positioned only 25 minutes from downtown Richmond, VA and 25 minutes from Williamsburg, VA. There are new residences and new businesses coming into New Kent County at an accelerated rate. There are retail centers, distribution centers, industrial businesses, as well as businesses like Buc-ees Travel Center located one exit west on I64 from the property. This Property is zoned Commercial/Tourism. This is a broad category that will allow for a variety of commercial uses that are primarily oriented toward highway and tourism, but may accommodate corporate, general offices or regional types of services. Uses such as hotels, conference facilities, restaurants, and automobile/travel services. Likewise, services such as retail, entertainment, medical facilities would also be included within the allowable uses. The property has been approved under a PUD and we will divide into parcels to fit individual businesses' needs. Lot 1- See conceptual drawing 10.6 acre lot. Hotel, Sit Down Restaurant or can be divided into smaller lots to fit your business needs. Lot 2- See conceptual drawing 2 acre lot. road front on rt 155. The most coveted corner of the entire PUD. Pretty much any business would thrive on this lot. Lot can be divided larger or smaller to fit your business needs. Lot 3- See conceptual drawing 2 acre lot. road frontage on rt 155. The second lot on the inside but still has great road frontage. Lot can be divided larger or smaller to fit your business needs. Lot 4- See conceptual drawing 1.75 acre lot. road frontage on rt 155. The third lot on the inside but still has great road frontage. Lot can be divided larger or smaller to fit your business needs.