3820 Old Williamsburg RdSandston, VA 23150

Property Details for 3820 Old Williamsburg Rd

Year built

1962

Lot size

5.81 AC

Property size (Sq ft)

7,648 SF

Zone code

M-1C

Property type

Mixed-use properties

Property subtype

Other industrial properties

APN

846-712-3955

APU

8467123955

Description

This exceptional 5.81-acre property at 3820 Old Williamsburg Rd, Sandston, VA 23150, offers a unique investment opportunity. Currently featuring a 7,648 square foot building, the property boasts Mixed zoning, allowing for diverse uses. Approved plans exist for a mini-storage facility, capitalizing on the high-traffic location. The site benefits from excellent visibility and accessibility, situated just 3.25 miles from Richmond International Airport. High daily traffic counts are a significant advantage, with 12,000 vehicles passing on East Williamsburg Road and a remarkable 78,000 vehicles daily on I-64. The property's APN is 846-712-3955. This owner/user investment opportunity is priced at $1,650,000 and presents a compelling case for immediate action. Detailed site plans for the proposed mini-storage are available upon request. This versatile property is ideal for entrepreneurs seeking a high-return investment in a thriving location. Don't miss this chance to acquire a prime piece of commercial real estate in Henrico County.

• CAP approach

  CAP return

  Valuation

  6%

  $1,759,514

  6.5%

  $1,624,167

  7%

  $1,508,155

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,330,430

  Geo Method

  $1,979,803

• Alternative Use

  Use

  Valuation

  Residential

  $1,624,167

  Hospitality

  $1,487,728

  Educational

  $1,237,773

  Medical

  $1,280,342

  Retail

  $1,925,424

Location Insight

City

Sandston

County

Henrico

State

Virginia

Latitude

37.5124

Longitude

-77.2467

CBSA code

40060

CBSA name

RICHMOND, VA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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