401 Main StLouisa, VA 23093

Property Details for 401 Main St

Year built

1966

Lot size

4.24 AC

Property type

Industrial properties

APN

40A2 1 24A

APU

40A2124A

Description

This single-tenant industrial warehouse, located at 401 E Main St, Louisa, VA 23093, offers 15,000 square feet of space on a 168,224 square foot lot. Built in 1966, this one-story building features superior construction, including manufacturing-grade floor loads, 25' x 50' column spacings, and 19' ceilings. The property boasts convenient access with one 14' x 16' drive-in door and one 8' x 8' dock-high door, providing ample space for tractor-trailer maneuvering. The zoning is TOWN, and the APN is 40A2 1 24A. Located in Louisa County, this property benefits from a strategic position midway between Charlottesville and Richmond, offering excellent access to major transportation routes. The building is equipped with 3-phase power. Additional lay-down area may be possible. This property presents a unique opportunity for businesses seeking a well-maintained, functional warehouse in a desirable location. The property is situated in Louisa County, Virginia.

• CAP approach

  CAP return

  Valuation

  6%

  $96,346,900

  6.5%

  $88,935,600

  7%

  $82,583,100

• Comparable approach

  Method

  Valuation

  Relative Method

  $59,084,300

  Geo Method

  $59,084,300

• Alternative Use

  Use

  Valuation

  Retail / Commercial

  $45,919,800

  Mixed-Use / Specialty

  $46,003,500

  Hospitality / Lodging

  $34,073,500

  Office

  $45,987,900

  Institutional / Educational

  $47,913,500

  Residential Income

  $56,058,800

  Multifamily

  $65,862,100

  Automotive / Energy

  $41,068,800

  Parking / Income-Based Land

  $13,927,800

  Restaurant / Food Service

  $24,454,900

  Healthcare / Senior Housing

  $46,922,000

Location Insight

City

Louisa

County

Louisa

State

Virginia

Latitude

38.0214

Longitude

-77.9953

CBSA code

40060

CBSA name

RICHMOND, VA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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