301 & New Ashcake Rd Mechanicsville, VA 23116
This exceptional commercial land opportunity presents four lots within the Ashcake Retail Center, ideally situated in Hanover County. Lots 2 and 3 each encompass 2.25+ acres and are available for ground lease with rough pad delivery at $97,500 each. Lots 4 and 5 are also available at $700,000 each, plus a pro-rata share of site work for Lot 4 and an additional $175,000 per acre for site work for Lot 5. The property boasts 150 feet of frontage and is zoned B2, making it suitable for a variety of commercial uses. This development is strategically located near a major signalized artery, Route 301, and benefits from its proximity to over 4,000 students within a one-mile radius, presenting significant potential for retail success. Infrastructure is already in place, including county water, a shared septic field, and a shared stormwater management system. Lots will be delivered with rough graded pads and an established ingress/egress network. Join a national convenience store in this thriving new development. This is a rare chance to secure a prime location in a high-growth area. Contact us today to learn more about this exciting opportunity. Cross street is New Ashcake Rd.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.