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4064 James Madison Hwy Fork Union, VA 23055

For Sale
$1,225,000

Turn-key investment opportunity with medical office and multifamily components.

Property size:
7,139 SF
Lot size:
3.19 Acres

Property Features for 4064 James Madison Hwy

General Information

Size
7,139 SF
Lot size
3.19 Acres

Source: FOUR CORNERS REAL ESTATE SOLUTIONS, LLC Agent Eddie Karoliussen

Displayed information is deemed reliable but is not guaranteed and should be independently verified.


Overview

Medical Office & Multifamily Investment

This property features two separate buildings, offering a combined medical office investment and multi-family opportunity. The first building is a one-story structure currently used as a general medical office. It includes 9 exam offices, general offices for staff, doctors, and nurses, a break area/kitchen, a spacious front waiting room with a reception desk, restrooms, a lab, a nurse's station, and a file room. An established general practitioner will sell and lease back the property under a 5-year NNN Lease, assuming responsibility for all taxes, insurance, medical building maintenance, and expenses. The physician practice has operated successfully at this location for years. The second building is a four-unit apartment building that is fully occupied. It comprises three one-bedroom, one-bathroom apartments, and one two-bedroom, one-bathroom apartment. One apartment was recently renovated. All utilities are included in the rent amount. This property offers a stable, turn-key investment with a long-term, experienced healthcare tenant.
Insight Report Location Intelligence

Current Use by Public Records

Fork Union Medical ... Medical Clinic Dr. Randolph E. ... Family Practice Physician Rebecca Mayo-Pitts Social Worker Dr. Linda F. ... Orthopedic Surgeon University of Va Medical ... University

Suggested Use

Restaurant Realty agency Dental Office Auto Repair Shop Auto Parts Store Clothing Store Pharmacy Department Store Kitchen & Bath Storage Facility

Zoning and permitted uses should be independently verified with local authorities.

Similar Places Nearby

Fork Union Animal Clinic

Location Insight

  • Map
  • Local Demand
City
Fork Union
County
Fluvanna
State
Virginia
Longitude
-78.2700868
Latitude
37.7548475

FAQs

What type of property is this?
Medical office - Turn-key investment opportunity with medical office and multifamily components.
Where is this medical office located?
The property is located at 4064 James Madison Hwy Fork Union, VA.
What is the asking price?
The asking price for this property is $1,225,000.
What are key features of this property?
This property features: - Established medical practice with 5-year NNN lease provides stable, hands-off income.; - Fully occupied four-unit apartment building generates additional income.; - Prime medical office building with 9 exam rooms and supporting infrastructure.
More about this property
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