10019 Chamberlayne Rd Mechanicsville, VA 23116
- Commercial real estate
- 2,556 SF
- 2.39 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 10019 Chamberlayne Rd
- Year built
- 1902
- Construction
- BRICK
- Lot size
- 2.39 lot acres
- Property size
- 2,556 SF
- Zone code
- B-3
- Property type
- Commercial real estate
- APN
- 8707-60-5237
- APU
- 8707605237
Description
This exceptional 2.4-acre commercial development site presents a unique investment opportunity in Mechanicsville, Virginia. Located at 10019 Chamberlayne Road, 23116, this property boasts 470 feet of direct frontage on Chamberlayne Road, offering unparalleled visibility and accessibility. The B-3 zoning allows for a wide range of commercial uses, making it ideal for various development projects. Its strategic location places it in close proximity to the intersection of Route 301 and Ashcake Road, providing convenient access to major transportation arteries. Furthermore, the site benefits from its proximity to Interstate 295 (within 4 miles) and Interstate 95 (within 4.5 miles), ensuring excellent connectivity for businesses and residents. The property is directly adjacent to the upcoming Caldwell Park development, which includes a retail center, 185 townhomes, and 232 luxury apartments, as well as the Rutland Grove development (115 units). This burgeoning area is surrounded by established communities like Ashcake, Kings Charter, and Knollwood, and numerous new residential projects are underway. The location within the highly sought-after Hanover County School System, serving approximately 18,000 students from pre-kindergarten through 12th grade, adds significant value. Hanover County's rich history and numerous historical sites, including the birthplace of Patrick Henry and Hanover Courthouse, further enhance the area's appeal. The asking price for this prime development site is $2,000,000.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $385,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $385,000
- 6.5%
- $365,000
- 7%
- $365,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $305,000
- Geo Method
- $360,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $335,000
- Retail
- $365,000
- Mixed-Use
- $365,000
- Hospitality
- $385,000
- Educational
- $395,000
- Residential Income
- $335,000
- Energy
- $315,000
- Income-Based Land
- $335,000
- Food Service
- $400,000
Location Insight
- Map
- Local Demand
- City
- Mechanicsville
- County
- Hanover
- State
- Virginia
- Longitude
- -77.3819
- Latitude
- 37.6723
- CBSA code
- 40060
- CBSA name
- RICHMOND, VA METROPOLITAN STATISTICAL AREA
