7293 Hanover Green DrMechanicsville, VA 23111
- Other commercial real estate
- 6,544 SF
Property Details for 7293 Hanover Green Dr
- Year built
- 1979
- Lot size
- 0.57 AC
- Property size (Sq ft)
- 6,544 SF
- Zone code
- B-1
- Property type
- Other commercial real estate
- APN
- 8704-85-3505
- APU
- 8704853505
Description
This exceptional three-story office building, located at 7293 Hanover Green Drive in Mechanicsville, Virginia, presents a compelling investment or owner-occupant opportunity. The 9,600 square foot building, constructed in 1979 and renovated in 2020, sits on a 0.57-acre lot and is currently 90% occupied across its 20 units. The property boasts a Class B designation and is zoned B-1, offering considerable flexibility for various business uses. The gross lease structure simplifies management, while the multi-tenancy provides a diversified income stream. The asking price is $960,000, translating to $100 per square foot. Key features include a single building on three stories, providing ample space for a variety of business needs. The property's location in Mechanicsville, VA, zip code 23111, offers convenient access to local amenities and transportation routes. This well-maintained property represents a strong investment opportunity with significant potential for future growth and return. The building's recent renovation ensures modern functionality and aesthetics, making it an attractive option for both investors and businesses seeking a prime location in a thriving community.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
Alternative Use
- Use
- Valuation
- Residential
- $1,796,331
- Hospitality
- $1,645,430
- Educational
- $1,368,978
- Medical
- $1,416,060
- Retail
- $2,129,522
Location Insight
- City
- Mechanicsville
- County
- Hanover
- State
- Virginia
- Latitude
- 37.6044
- Longitude
- -77.3767
- CBSA code
- 40060
- CBSA name
- RICHMOND, VA METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
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