8146 Elm DrMechanicsville, VA 23111

Property Details for 8146 Elm Dr

Year built

1970

Lot size

0.76 AC

Property size (Sq ft)

6,088 SF

Zone code

M-2

Property type

Commercial real estate

APN

8704-74-4460

APU

8704744460

Description

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.

Location Insight

City

Mechanicsville

County

Hanover

State

Virginia

Latitude

37.6013

Longitude

-77.3797

CBSA code

40060

CBSA name

RICHMOND, VA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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