301 & New Ashcake Rd Mechanicsville, VA 23116
- Land
- 2.25 lot acres
Current Use by Public Records
- Land
Property Details for 301 & New Ashcake Rd
- Lot size
- 2.25 lot acres
- Property type
- Land
Description
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.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Mechanicsville
- County
- Hanover
- State
- Virginia
- Longitude
- -77.3821
- Latitude
- 37.6769
