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Property profile & analytics
OFF-MARKET
Land

301 & New Ashcake Rd Mechanicsville, VA 23116

2.25 ac lot
Property ID
Property summary
AI-generated overview

This exceptional commercial land offering presents a unique investment opportunity in the thriving Mechanicsville, Virginia market. The property, known as the Ashcake Retail Center, comprises 2.25 acres of land zoned B2, ideally situated at the intersection of US 301 and New Ashcake Road in Hanover County, zip code 23116. The site benefits from a strategic location, boasting high visibility on a major signalized artery (Rt. 301) and proximity to over 4,000 students within a one-mile radius. Infrastructure is already in place, including county water, a shared stormwater management system, and rough-graded pads with an established ingress/egress network. This turnkey solution minimizes development hurdles and allows for immediate construction. Several lots are available, with Lot 4 priced at $700,000 plus a pro-rata share of site work. This presents a compelling opportunity for developers and investors seeking high-traffic exposure and a strong potential for return. The property's location near a national convenience store in a new development further enhances its appeal. Septic fields are also available.

Property profile
Verified
Property type Land
Lot 2.25 ac (98,010 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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