Belmont Blvd, Ruther Glen, VA 22546

Property Details for 0 Belmont Blvd

Year built

2015

Lot size

2.54 lot acres

Property type

Office Spaces

Property subtype

Medical Office Space

Description

This Class A, 12,924-square-foot medical office building presents a compelling investment opportunity in Ruther Glen, Virginia. Located on a 2.539-acre lot, this 2015-built property boasts a prime location, just 3/4 of a mile from I-95, strategically positioned between Richmond (30.8 miles) and Fredericksburg (30.9 miles), and only 70 miles from Washington, D.C. The building features multiple points of ingress/egress, enhancing accessibility and convenience. Currently, the property is partially leased to a dental office and urgent care facility, with significant space available for lease (ranging from 2,492 to 9,300 square feet). The asking price is $2,800,000, with a potential gross annual income of $219,708 based on a $17.00 per square foot NNN lease. The property is part of a larger planned 21-acre mixed-use development, with commercial land in front currently under a Letter of Intent for retail development. A significant boost to the area's economy is anticipated with the construction of a new 1,159,235-square-foot Class A industrial logistics center across the street, projected to create over 700 permanent jobs. The property's proximity to Fort A.P. Hill (approximately 13 miles), a major military installation with over 17,000 employees, further enhances its long-term value and potential. Route 207/301, a key artery connecting I-95 to Fort A.P. Hill and other significant locations, provides excellent regional access. This is an exceptional opportunity for investors seeking a high-quality medical office building in a rapidly growing area. The lease type is NNN (Net, Net, Net).

Location Insight

City

Ruther Glen

County

Caroline

State

Virginia

Longitude

-77.4579

Latitude

37.9448