For Sale
$890,000

4482 Amherst HwyMadison Heights, VA 24572

Prime Office Space, High Occupancy

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional 2,531 square foot office building, located at 4482 S. Amherst Hwy in Madison Heights, Virginia (zip code 24572), presents a compelling investment opportunity. Built in 1973, this traditional office space sits on a highly visible corner lot with a convenient drive-thru, previously occupied by a SunTrust branch. The property boasts 100% occupancy with a current lease extending until March 31, 2028, ensuring a stable income stream. The asking price is $890,000, translating to a price per square foot of $351.64. The property is zoned for business use (APN: 155 A 123) and offers significant potential for future growth within the thriving Madison Heights market. The building's strategic location and existing lease provide a strong foundation for a secure and profitable investment, offering a 6.25% cap rate. This is a rare opportunity to acquire a well-located, income-producing property in a dynamic market. The property's features, including its prominent corner location and drive-thru, make it an attractive asset for a variety of potential uses. Serious inquiries are encouraged.

Highlights

  • 2,531 SF office building in Madison Heights, VA (24572).
  • 100% occupancy with lease extending to 3/31/2028.
  • $890,000 asking price ($351.64/SF).
  • 6.25% cap rate.
  • Highly visible corner lot with drive-thru.

Property Details for 4482 Amherst Hwy

Property type
Office properties
Square Feet
2,531 SF
Year Built
1973

Location Insight

City
Madison Heights
County
Amherst
State
Virginia
Latitude
37.452664750611
Longitude
-79.121676322558
4482 Amherst Hwy, Madison Heights, Virginia

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4482 Amherst Hwy
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