For Sale
$998,000

8146 Elm DrMechanicsville, VA 23111

Fully rented, high-return potential.

Overview

Added:
Dec 11, 2024
Days on market:
113
This exceptional Mechanicsville, VA property offers a unique investment opportunity with a diverse tenant mix. The 6,088 square foot, two-story building is currently 100% occupied by four tenants: a daycare center, a hair salon, a photography studio, and a two-bedroom apartment. The daycare, occupying approximately 3,000 square feet of the lower level, features a full kitchen with commercial appliances, multiple rooms, two exterior entrances, and one interior entrance from the foyer. It also includes one full and two half baths and generates $3,000 in monthly rent. The second floor, accessible via a front split foyer or rear ramp/walk-up, houses the hair salon and photography studio, each occupying multiple rooms and sharing two public restrooms. The hair salon pays $900 per month, and the photography studio pays $1,200 per month, including a private full bath. A separate two-bedroom, one-bathroom apartment on the second floor commands $1,000 in monthly rent and has private front and rear entrances. Recent upgrades include three new HVAC units and a new roof. The property also features a 60 kW backup generator and a separate storage container. Located at 8146 Elm Dr, Mechanicsville, VA 23111, this mixed-use building presents a strong cash flow with significant upside potential for future growth. The asking price is $998,000, translating to $163.93 per square foot. Showings require at least 48 hours' notice and are limited to weekends due to the daycare's operating hours.

Highlights

  • $998,000 asking price for a mixed-use property.
  • 6,088 square feet on a 2-story building with 100% occupancy.
  • Four tenants: a daycare, hair salon, photography studio, and a 2-bedroom apartment.
  • Located at 8146 Elm Dr, Mechanicsville, VA 23111.
  • Recent updates include three new HVAC units and a new roof; also features a 60 kW backup generator and a separate storage container.

Property Details for 8146 Elm Dr

Property type
Day care centers & nurseries, Office properties
Square Feet
6,088 SF
Buildings
1
Stories
2

Location Insight

City
Mechanicsville
County
Hanover
State
Virginia
Latitude
37.6011617
Longitude
-77.3797693
8146 Elm Dr, Mechanicsville, Virginia

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8146 Elm Dr
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