8157 Old Cavalry Dr Mechanicsville, VA 23111
- Commercial real estate
- 1.83 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 8157 Old Cavalry Dr
- Lot size
- 1.83 lot acres
- Zone code
- B-1
- Property type
- Commercial real estate
- APN
- 8725-73-2090
- APU
- 8725732090
Description
This exceptional 1.83-acre commercial lot in Mechanicsville, VA, presents a remarkable opportunity. Located at 8157 Old Cavalry Drive, this property boasts a B-1 zoning designation and has already received Hanover County Planning Commission approval for a 14,400 square foot, free-standing, single-story building. Significant site improvements are already in place, saving considerable time and money for the future owner. These include 101 paved parking spaces, concrete curbs and gutters, and readily available utilities. Specifically, 1-inch and 2-inch public water tap connections are on-site, along with sewer access. Natural gas is conveniently available via Virginia Natural Gas Company on Mechanicsville Turnpike. A comprehensive stormwater management system is fully operational, complete with a prepaid VSMP permit (#DCR01-090-100089). The attractive, level lot is ready for immediate development. Detailed engineering drawings and site plans, prepared by Bay Design Group, are available upon request, providing a significant head start on the construction process. This property offers a unique blend of convenience, pre-approved plans, and substantial infrastructure, making it an ideal investment for a variety of commercial ventures. Priced at $600,000.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $635,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $595,000
- 6.5%
- $595,000
- 7%
- $525,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $500,000
- Geo Method
- $565,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $505,000
- Retail
- $555,000
- Mixed-Use
- $535,000
- Hospitality
- $560,000
- Educational
- $495,000
- Residential Income
- $605,000
- Energy
- $480,000
- Income-Based Land
- $600,000
- Food Service
- $525,000
Location Insight
- Map
- Local Demand
- City
- Mechanicsville
- County
- Hanover
- State
- Virginia
- Longitude
- -77.3109
- Latitude
- 37.6242
- CBSA code
- 40060
- CBSA name
- RICHMOND, VA METROPOLITAN STATISTICAL AREA