12302 James Madison Pkwy King George, VA 22485
Estimated payment $5,715/month
About This Lot
5 Acre Commercial property zoned C-2. Achievable gross yearly income $141,000 (Trailer pad rentals 10 spaces $60,000 and Retail 9 units $81,800). Currently being used for Commercial retail and Trailer Park. Located on 4 Lane US Highway Route 301 (James Madison Pkwy) with a traffic count of over 14,000. The front 9 office/Retail units can rent to a long list of businesses. Rear of the property currently has 10 trailer land leases.
Property Details
Property Type
- Land
Est. Annual Taxes
- $3,768
Lot Details
- 5 Acre Lot
- Level Lot
- Property is zoned C2, The intent of this district is to recognize existing commercial and/or service trade uses within the county.
Utilities
- Well
- On Site Septic
Community Details
- No Home Owners Association
Listing and Financial Details
- Tax Lot 67A
- Assessor Parcel Number 33 67A
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $4,004 | $588,800 | $301,400 | $287,400 |
| 2024 | $4,004 | $588,800 | $301,400 | $287,400 |
| 2023 | $4,004 | $588,800 | $301,400 | $287,400 |
| 2022 | $3,768 | $588,800 | $301,400 | $287,400 |
| 2021 | $3,678 | $503,900 | $250,000 | $253,900 |
| 2020 | $3,527 | $503,400 | $250,000 | $253,400 |
| 2019 | $3,527 | $503,900 | $250,000 | $253,900 |
| 2018 | $3,524 | $503,400 | $250,000 | $253,400 |
| 2017 | $3,528 | $504,000 | $250,000 | $254,000 |
| 2016 | $3,427 | $504,000 | $250,000 | $254,000 |
| 2015 | -- | $504,000 | $250,000 | $254,000 |
| 2014 | -- | $504,000 | $250,000 | $254,000 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 06/29/2025 06/29/25 | For Sale | $999,000 | 0.0% | -- |
| 04/26/2025 04/26/25 | Pending | -- | -- | -- |
| 01/14/2025 01/14/25 | Price Changed | $999,000 | -6.6% | -- |
| 03/07/2024 03/07/24 | Price Changed | $1,070,000 | -14.4% | -- |
| 07/19/2023 07/19/23 | Price Changed | $1,249,999 | -16.6% | -- |
| 07/03/2023 07/03/23 | For Sale | $1,499,000 | -- | -- |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Interfamily Deed Transfer | -- | None Available | |
| Warranty Deed | $830,000 | -- | |
| Deed | $360,000 | -- | |
| Deed | $260,000 | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Closed | $200,000 | Commercial | |
| Open | $450,000 | Commercial | |
| Previous Owner | $325,000 | Credit Line Revolving | |
| Previous Owner | $230,000 | Commercial | |
| Previous Owner | $267,155 | Construction |
Source: Bright MLS
MLS Number: VAKG2003656
APN: 33-67A
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