Springfield Real Estate

This 29.2-acre development opportunity, located directly off West Bypass (Hwy 160), sits at a signalized intersection in one of Springfield's most active and rapidly developing corridors. The property consists of two parcels--25.1 acres (Parcel ID: 1320401382) and 4.1 acres (Parcel ID: 1329102001)--and is zoned retail with a conditional overlay, offering flexibility for a dynamic blend of residential and commercial use. The site is approved for 352 apartment units, up to 35 residential lots, and either 20 townhomes or 40 duplexes/townhomes. It also features a highly visible front commercial pad, perfectly suited for a convenience store or other retail use. With excellent exposure along a high-traffic route and strong daily commuter flow, this location ensures maximum visibility and access. Surrounded by national retailers--including a new Target within one mile--and offering quick connectivity to I-44, the James River Freeway, and Highway 60, this site is strategically positioned for long-term value. The signalized intersection allows for easy ingress and egress, enhancing accessibility for both residents and retail traffic. Flood Zone area is used to green space requirements. This is a prime investment for developers seeking to capitalize on Springfield's expanding residential and commercial market. With zoning already in place and market momentum behind it, the property offers a rare chance to create a high-impact, mixed-use community in a thriving growth corridor.