For Sale
$1,750,000

5303 Plaza DrHopewell, VA 23860

12,000 SF, 100% Occupied, 7.43% Cap Rate

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional 12,000-square-foot medical office building, constructed in 2001, presents a compelling investment opportunity. The property boasts a 7.43% capitalization rate and is currently 100% occupied by four medical suites, generating a net operating income (NOI) of $130,000. Located at 5303 Plaza Drive in Hopewell, Virginia (zip code 23860), this single-story building sits on a B-3 zoned lot. Its prime location offers easy access to Route 36 and I-295, placing it in close proximity to Fort Gregg-Adams (formerly Fort Lee) and the Southpark Mall via Temple Avenue and I-95. This strategic positioning ensures convenient service to the entire Tri-Cities market. The building's strong rental history and high occupancy rate make it an attractive, stabilized investment. The asking price for this fully leased medical office building is $1,750,000. This is a rare opportunity to acquire a high-performing asset in a desirable location.

Highlights

  • 12,000 SF medical office building, built in 2001, located at 5303 Plaza Drive, Hopewell, VA 23860.
  • 100% occupied, generating $130,000 NOI, with a 7.43% cap rate.
  • Asking price: $1,750,000.
  • Single-story building on a B-3 zoned lot, offering easy access to Route 36, I-295, Fort Gregg-Adams, and Southpark Mall.

Property Details for 5303 Plaza Dr

Property type
Office properties, Medical offices
Square Feet
12,000 SF
Year Built
2001
Buildings
1
Stories
1
Units
4

Location Insight

City
Hopewell
County
Hopewell City
State
Virginia
Latitude
37.259559754561
Longitude
-77.330012129927
5303 Plaza Dr, Hopewell, Virginia

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5303 Plaza Dr
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