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Accelerating success. 14135 Jefferson Davis Highway Woodbridge, VA Colliers International 7900 Tysons One Place Suite 260 McLean, VA 22102 P: +1 703 394 4800 > 3.45 acres > Zoned B-1 > $2,400,000 > Redevelopment Opportunity District > Qualified Opportunity Zone Property Highlights Commercial Land For Sale Benjamin Luke Vice President +1 703 394 4810 [email protected] Keith Summers Senior Vice President +1 703 394 4851 keith.summers@colliers.com 1 1 95 95

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Page 1: Woodbridge, VA - LoopNet€¦ · Woodbridge, VA Colliers International 7900 Tysons One Place Suite 260> McLean, VA 22102 P: +1 703 394 4800 > 3.45 acres Zoned B-1 > $2,400,000 > Redevelopment

Accelerating success.

14135 Jefferson Davis HighwayWoodbridge, VA

Colliers International7900 Tysons One Place

Suite 260 McLean, VA 22102

P: +1 703 394 4800

> 3.45 acres> Zoned B-1 > $2,400,000> Redevelopment Opportunity District> Qualified Opportunity Zone

Property Highlights

Commercial Land For Sale

Benjamin LukeVice President

+1 703 394 [email protected]

Keith SummersSenior Vice President

+1 703 394 [email protected]

1

195

95

Page 2: Woodbridge, VA - LoopNet€¦ · Woodbridge, VA Colliers International 7900 Tysons One Place Suite 260> McLean, VA 22102 P: +1 703 394 4800 > 3.45 acres Zoned B-1 > $2,400,000 > Redevelopment
Page 3: Woodbridge, VA - LoopNet€¦ · Woodbridge, VA Colliers International 7900 Tysons One Place Suite 260> McLean, VA 22102 P: +1 703 394 4800 > 3.45 acres Zoned B-1 > $2,400,000 > Redevelopment
Page 4: Woodbridge, VA - LoopNet€¦ · Woodbridge, VA Colliers International 7900 Tysons One Place Suite 260> McLean, VA 22102 P: +1 703 394 4800 > 3.45 acres Zoned B-1 > $2,400,000 > Redevelopment

Sec. 32-401.10. - 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.

(Ord. No. 04-78, 12-21-04; Ord. No. 09-30, 5-19-09; Ord. No. 12-22, Attch., 3-13-12)

Sec. 32-401.11. - Uses permitted by right.

The following uses shall be permitted by right in the B-1 District:

1. Adult day-care facility.

2. Alarm systems operations, office.

3. Ambulance service (commercial).

4. Assisted living facility.

5. Barber shop or beautician studio, tanning and toning salon (one set of toning equipment only).

6. Business school.

7. Cafeteria/lunchroom/snack bar/automat.

8. Catering—Commercial (off premises).

9. Catering—Commercial (on or off premises).

10. Child-care facility.

11. Civic club.

12. College, university or seminary.

13. Commercial artist or photographer's studio.

14. Commercial bus station.

15. Computer and network services.

16. Craft brewery (not to exceed production of 10,000 barrels per year. May or may not be associated with a restaurant).

17. Cultural arts center.

18. Dry cleaning/garment processing facility, retail, less than 3,000 square feet.

19. Dry cleaning pick-up facility.

20. Event center/meeting hall.

21. Financial institution.

22. Garden center.

23. Greenhouse or nursery.

24. Hospital.

25. Hotel or motel.

Page 5: Woodbridge, VA - LoopNet€¦ · Woodbridge, VA Colliers International 7900 Tysons One Place Suite 260> McLean, VA 22102 P: +1 703 394 4800 > 3.45 acres Zoned B-1 > $2,400,000 > Redevelopment

26. Household equipment and appliance service.

27. Institute for special education and training.

28. Interior design and decorating shop.

29. Laundromat.

30. Lawn mower service.

31. Locksmith.

32. Medical or dental laboratory.

33. Medical or dental office and clinic.

34. Mortuary, funeral home (except in shopping centers or shopping malls).

35. Motor vehicle parts, retail.

36. Nursing or convalescent care facility.

37. Office.

38. Office equipment sales, lease and service.

39. Optical and eye care facility.

40. Package, telecommunications and courier service.

41. Pet store, in accordance with the provisions of section 32-400.24.

42. Photographic processing laboratory.

43. Place of religious worship or assembly.

44. Private school (no boarding).

45. Quick service food store.

46. Radio or TV broadcasting station.

47. Recording studio.

48. Recreation facility, commercial (indoor).

49. Recycling collection points, subject to the standards in section 32-250.84.

50. Religious institution.

51. Restaurant.

52. Restaurant, carry-out.

53. Retail store, less than 80,000 square feet.

54. School of special instruction.

55. Shoe repair.

56. Shopping center A, B, C or D (See Part 100).

57. Tailor, seamstress shop.

58. Theater (drive-in).

59. Theater (indoor).

60. Tool and equipment rental (minor).

61. Trade, conference or convention center.

62. Trade, technical and vocational school.

Page 6: Woodbridge, VA - LoopNet€¦ · Woodbridge, VA Colliers International 7900 Tysons One Place Suite 260> McLean, VA 22102 P: +1 703 394 4800 > 3.45 acres Zoned B-1 > $2,400,000 > Redevelopment

63. Travel agency.

64. Veterinary hospital.

65. Wedding Chapel (except in shopping centers or shopping malls).

(Ord. No. 94-1, 1-11-94; Ord. No. 97-74, 7-22-97; Ord. No. 98-30, 4-21-98; Ord. No. 99-50, 7-6-99; Ord. No. 03-52, 7-1-03; Ord. No. 04-78, 12-21-04; Ord. No. 06-77, 9-5-06; Ord. No. 09-30, 5-19-09; Ord. No. 11-40, Attch. A, 9-13-11; Ord. No. 14-60, Attch., 11-18-14; Ord. No. 14-65, Attch., 12-16-14; Ord. No. 16-21, Attch., 5-17-16)

Sec. 32-401.12. - Secondary uses.

The following uses shall be permitted by right in the B-1 District only in conjunction with and secondary to a permitted principal use, either existing or proposed for concurrent construction in accordance with the provisions of section 32-400.14:

1. Fraternity, sorority, secondary to college, university or seminary (on campus only).

2. Helistop.

3. Watchman's dwelling.

4. Live entertainment in accordance with the provisions of section 32-400.15.

(Ord. No. 04-78, 12-21-04; Ord. No. 09-30, 5-19-09)

Sec. 32-401.13. - Special uses.

The following uses shall be permitted in the B-1 District with a Special Use Permit:

1. Ambulance service, maintenance facility.

2. Boarding/kenneling of pets accessory to a pet store.

3. Boat sales (excluding non-motorized), rental or lease, storage, service, or repair.

4. Car wash (manned or self-service).

5. Commercial kennel.

6. Commercial parking.

7. Company vehicle service facility.

8. Continuing care retirement community.

9. Crematory, secondary to a hospital, mortuary, or funeral home.

10. Data Center.

11. Donated materials collection center.

12. Farmer's market.

13. Flea market.

14. Heliport.

15. Marina.

16. Medical care facility, specialized.

17. Mobile home or office sales, lease or service.

Page 7: Woodbridge, VA - LoopNet€¦ · Woodbridge, VA Colliers International 7900 Tysons One Place Suite 260> McLean, VA 22102 P: +1 703 394 4800 > 3.45 acres Zoned B-1 > $2,400,000 > Redevelopment

18. Motorcycle sales, rental or lease, service or repair.

19. Motor vehicle fuel station, retail.

20. Motor vehicle impoundment yard.

21. Motor vehicle parts, with service.

22. Motor vehicle repair, machine shop.

23. Motor vehicle sales, rental or lease (limited).

24. Motor vehicle sales, rental or lease (recreational).

25. Motor vehicle service.

26. Motor vehicle towing.

27. Pet care facility, in accordance with the provisions of section 32-400.24.

28. Racetrack (equestrian).

29. Racetrack (motorized vehicles).

30. Railroad passenger station.

31. Range, shooting (indoor).

32. Recreation facility, commercial (outdoor); paintball facilities prohibited.

33. Restaurant, drive-in/drive-up, or drive-through, except as provided in Sec. 32.400.07.

34. Recreational vehicle park/camp ground.

35. Retail use exceeding 80,000 square feet of gross floor area.

36. Self-storage center; in accordance with the provisions of section 32-400.16.

37. Solar energy facility.

38. Stadium or arena, indoor or outdoor.

39. Taxi or limousine dispatching or service facility.

40. Truck stop with related facilities.

41. Water transportation facility.

(Ord. No. 94-1, 1-11-94; Ord. No. 97-74, 7-22-97; Ord. No. 98-30, 4-21-98; Ord. No. 99-50, 7-6-99; Ord. No. 00-78, 10-17-00; Ord. No. 04-78, 12-21-04; Ord. No. 06-77, 9-5-06; Ord. No. 09-30, 5-19-09; Ord. No. 12-22, Attch., 3-13-12; Ord. No. 14-65, Attch., 12-16-14; Ord. No. 16-21, Attch., 5-17-16; Ord. No. 17-84 , Attch., 10-17-17; Ord. No. 18-15 , Attch., 4-10-18)

Page 8: Woodbridge, VA - LoopNet€¦ · Woodbridge, VA Colliers International 7900 Tysons One Place Suite 260> McLean, VA 22102 P: +1 703 394 4800 > 3.45 acres Zoned B-1 > $2,400,000 > Redevelopment

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FOR SALE | 14135 Jefferson Davis Highway | Woodbridge, VA

Page 9: Woodbridge, VA - LoopNet€¦ · Woodbridge, VA Colliers International 7900 Tysons One Place Suite 260> McLean, VA 22102 P: +1 703 394 4800 > 3.45 acres Zoned B-1 > $2,400,000 > Redevelopment

REDEVELOPMENT OVERLAY DISTRICT The purpose of creating a Redevelopment Overlay District (ROD) is to promote and perpetuate the continued economic viability of older commercial neighborhoods which are experiencing economic decline. To achieve this purpose, development regulations specific to the district are provisioned to encourage the redevelopment and the upkeep and upgrade of existing businesses, thereby providing an economic stimulus to the district.

New or existing construction and improvements for all Uses Permited by Right, as secondary uses or by Special Use Permit in sections 32-507.03, 32-507.04 and 32-507.05 shall be subject to the following standards in the Redevelopment Overlay District:

1: Floor area ratios, lot coverage, and height limitations may be increased above the maximums established by the under-lying zoning by twenty-five (25) percent.

2: Buffering, except against property currently used as res-idential, open space, yards, setbacks and tree canopy cover requirements may be decreased below the minimums estab-lished by the underlying zoning by 25 percent. The yard and setback requirements for principal buildings shall also apply to accessory uses and structures, except parking, which is subject to setback standards contained in section 32-250.10.

3. All sites shall be allowed to pay a pro rata share contri-bution in lieu of providing a SWM facility in accordance with the provisions contained in the Design and Construction Standards Manual. BMP improvements shall be provided if required by the Design and Construction Standards Manual.

4. In any event, an existing structure may be replaced with a structure of up to the same size which is no more non-conforming than the original structure, as long as the new structure meets all current building code requirements.

5. The adaptive re-use of existing structures and improve-ments shall be permitted throughout any lawfully noncon-forming structure or improvement. 6. The ratio of accessory uses to principal uses, the types of equipment and machinery used, hours of operation and other operational requirements for special uses permitted in the Redevelopment Overlay District shall be determined and specified as conditions in the Special Use Permit approved by the Board of County Supervisors.

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PRINCE WILLIAM COUNTYRedevelopment Overlay District Map:

WoodbridgePublished February 17, 2011

221

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Zoning DistrictsAgriculturalGeneral BusinessHeavy IndustrialLight IndustrialHigh-Rise OfficeLow-Rise OfficePlanned Mixed DistrictPlanned Mixed Residential4 Dwellings per 1 acre6 Dwellings per 1 acre16 Dwellings per 1 acre30 Dwellings per 1 acreFederal Property

ParcelInterstate HighwayUS Highway RouteStreetRailroadWater Feature

Prepared by the Planning Office5 County Complex Court Suite 210Prince William, VA 22192Phone: 703-792-6830FAX: 703-792-4758Email: [email protected]

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© 2011Prince William County, VA Planning Office (jbm)

Note: Any determination of topography or contours or any depiction of physical improvements,property lines or boundaries is for general information only and shall not be used for designmodification or construction of improvements to real property or for floodplain determination.

® 0 500 1,000 1,500 2,000

Scale in Feet

FOR SALE | 14135 Jefferson Davis Highway | Woodbridge, VA

Page 10: Woodbridge, VA - LoopNet€¦ · Woodbridge, VA Colliers International 7900 Tysons One Place Suite 260> McLean, VA 22102 P: +1 703 394 4800 > 3.45 acres Zoned B-1 > $2,400,000 > Redevelopment

What are Qualified Opportunity Zones?Qualified Opportunity Zones are low-income census tracts [IRC Section 45D(e)] that were nominated by the governor of Virginia and certified by the U.S. Treasury where new investments may be eligible for preferential tax treatment if they meet certain qualifications. A low-income census tract is defined as having an individual poverty rate of at least 20 percent or a median family income no greater than 80 percent of the area median income. According to the 2015 and 2016 U.S. Census data, Virginia had 901 eligible census tract, and per the Tax and Jobs Act, Virginia was only able to nominate 25 percent or 212 tracts and could have up to five percent or 11 as contiguous tracts. Virginia nominated 212 out of 901 tracts. The designations are permanent until Dec. 31, 2028.

What are the benefits from investing in a Qualified Opportunity Zone Business or Property?• Temporary tax deferral of capital gains reinvested into a Qualified Opportunity Zone

Fund. The deferred gain must be recognized on the earlier of the disposition of theinvestment or Dec. 31, 2026.

• Step-up in basis, which the initial basis in a Qualified Opportunity Zone investmentstarts at zero. The basis increases by 10 percent with a holding period of five years,and by an additional 5 percent if held for at least seven years, excluding up to 15percent of the original gain from taxation.

• Permanent exclusion from taxable income of capital gains from the sale or exchangeof an investment in an Opportunity Fund if the investment is held for at least 10 years.The basis of investment at the time of sale is increased to the fair market value.

What types of initatives can Opportunity Funds be used for?• Qualified opportunity zone stock acquired after Dec. 31, 2017• Capital or profits interest in a domestic partnership acquired after Dec. 31, 2017• Qualified opportunity zone business property acquired after Dec. 31, 2017• Qualified opportunity zone business

What are Qualified Opportunity Funds?• Private-sector investment vehicles that invest at least 90 percent of their capital in

Opportunity Zones.• Must be set up as a partnership or LLC.• A taxpayer must self-certify on their tax return by completing a form to create an

Opportunity Fund. A draft form has been released by the U.S. Treasury.• Equity investment derived from an investor’s capital gains from a prior investment.

[email protected]

dhcd.virginia.govOpportunity Zones Fact Sheet

SAMPLE INVESTMENT

Opportunity Zones

*Rules and Regulations subject to change per U.S. Treasury

Page 11: Woodbridge, VA - LoopNet€¦ · Woodbridge, VA Colliers International 7900 Tysons One Place Suite 260> McLean, VA 22102 P: +1 703 394 4800 > 3.45 acres Zoned B-1 > $2,400,000 > Redevelopment

Proposed FY2020 Budget CIP Transportation | 458 |

PR_14C17001 // Rt 1: Ftherstone-Marys

Transportation-Rev and Exp Project Summary - Route 1 (Featherstone to Marys Way)FY2020-2025 Capital Improvement Program

SLMANLEY // 02-11-19, 8:58 AM, Mountain Standard Time

PR_14C17001 Rt 1: Ftherstone-Marys

Funding Sources (Revenue)Project

EstimatePrior Yrs

Actual FY19 FY20 FY21 FY22 FY23 FY24 FY25 FY20 - FY25 Future

NVTA 70% 63,400 63,400 - - - - - - - - -State Rev 10,937 10,937 - - - - - - - - -Federal Rev 21,504 21,504 - - - - - - - - -Service Authority Reimbursement 3,436 3,436 - - - - - - - - -

Total Revenue $99,277 $99,277 - - - - - - - - -

Cost Categories (Expenditures)Design/Planning 5,500 4,399 1,101 - - - - - - - -Construction 53,777 573 11,925 15,000 15,000 11,279 - - - 41,279 -Right of Way/Land 40,000 22,353 10,000 7,647 - - - - - 7,647 -

Total Expenditure $99,277 $27,325 $23,026 $22,647 $15,000 $11,279 - - - $48,926 -

Operating ImpactsOperating Expenses - - - - - - -

Debt Service - - - - - - -Revenue - - - - - - -

General Fund Requirement - - - - - - -

Additional Positions (FTEs) - - - - - - -

Amounts expressed in thousands, therefore totals may not add due to rounding (excludes FTEs).

Total Project Cost – $99.3M

Project DescriptionThe widening of Route 1 from Featherstone Road to Marys Way, spanning 1.3 miles, improves this section of roadway from a four-lane undivided highway to a six-lane divided highway. The project includes improvements at all intersections within the project limits including modification to signals, access management improvements, pedestrian improvements at signalized intersections, and a multi-use trail and sidewalk.

Service ImpactRelieve congestion and improve safety – Widening this

roadway will alleviate congestion and improve safety. The service impact will be most noticeable during peak morning and evening travel periods.

Funding SourcesFederal funding – $21.5MState funding – $10.9MNVTA 70% funding – $63.4MService Authority reimbursement – $3.4M

Project MilestonesDesign began in February 2015 (FY15) and was

completed in August 2018 (FY19).Right-of-way acquisition began in fall 2015 (FY16) and

is scheduled for completion in spring 2020 (FY20).Construction began in August 2018 (FY19) and is

scheduled for completion in April 2022 (FY22).

Route 1 (Featherstone Road to Marys Way)

Cultural Resources Libraries SewerEconomic Development Parks & Open Space Telecommunications

Environment Police TransportationFire & Rescue Potable Water

Land Use Schools

Robust Economy Wellbeing MobilityQuality Education Safe & Secure Community

Impact on Comprehensive Plan Chapters

Impact on Strategic Plan Goals