413 Bracey LnSouth Hill, VA 23970

Property Details for 413 Bracey Ln

Year built

1992

Lot size

0.61 AC

Property size (Sq ft)

2,765 SF

Zone code

216

Property type

Mixed-use properties

Property subtype

Other industrial properties

APN

078A12-A--071

APU

078A12A071

Description

This exceptional 2,765 square foot medical office building, situated on a 0.34-acre lot in South Hill, Virginia, presents a compelling investment opportunity. Built in 1992 and renovated in 2008, the single-story structure boasts a convenient layout ideal for medical practices. The interior features a spacious waiting area, a reception area, a nurses' station, three private offices, a kitchen, two half-baths, a mechanical room, and a storage room. Access is available from both ends and the front of the building, enhancing convenience for patients and staff. The property includes a paved parking lot, ensuring ample parking for patients and staff. Located at 413 Bracey Ln, South Hill, VA 23970, this property benefits from easy access to Interstate 85 North and South, and Highway 58 East and West, providing excellent accessibility. The Commercial/Industrial zoning permits a range of uses, including multi-family dwellings and apartments, offering significant future development potential. The building's strategic location is further enhanced by its proximity to a daycare center and other medical office buildings, creating a synergistic environment. Offered at $299,000, this property represents a strong value proposition at $108.14 per square foot. The fee simple ownership provides complete control and potential for long-term appreciation.

• CAP approach

  CAP return

  Valuation

  6%

  $546,837

  6.5%

  $504,773

  7%

  $468,718

• Comparable approach

  Method

  Valuation

  Relative Method

  $983,751

  Geo Method

  $983,751

• Alternative Use

  Use

  Valuation

  Residential

  $504,773

  Hospitality

  $462,369

  Educational

  $384,686

  Medical

  $397,916

  Retail

  $598,400

Location Insight

City

South Hill

County

Mecklenburg

State

Virginia

Latitude

36.7332

Longitude

-78.1311

Property Tax & Assessments

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