2656 George Washington Memorial Hwy Gloucester Point, VA 23072
This 1,200 square foot medical office building, built in 1990, is situated in Gloucester Point, Virginia, at 2656 George Washington Memorial Hwy, zip code 23072. The two-story building is currently configured as a dental/oral and maxillofacial office, complete with three exam/surgical rooms, an x-ray facility, reception/waiting area, and a recovery area on the first floor. The second floor offers additional office space, a kitchen, and a full bathroom. A nitrous oxide line is already installed. This turnkey operation is ideally suited for a satellite office, providing convenient access to the Coleman Bridge and nearby cities like Yorktown, Williamsburg, and Newport News. Gloucester County boasts a strong labor force of approximately 20,000, including college students, military personnel, and retirees, and benefits from low real estate taxes. The property is located near Route 17, a major thoroughfare with 37,000 daily drivers, and is within reach of three international airports. The asking price is $220,000, translating to $183.33 per square foot. Gloucester County's strategic location on the Chesapeake Bay, near the Port of Hampton Roads, Richmond, and Washington D.C., further enhances its appeal. The area offers a variety of cultural events, including the Daffodil Festival, Gloucester Arts Festival, and several others. The median household income in Gloucester County is $63,742. This presents a unique opportunity to acquire a well-equipped medical office in a desirable location.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
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Property description
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