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Property profile & analytics
OFF-MARKET
Land

301 & New Ashcake Rd Mechanicsville, VA 23116

Property ID
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Land
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
AI Approach AI
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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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