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Property summary
This exceptional commercial property, located at 10370, 10375, and 10379 Chamberlayne Road in Mechanicsville, Virginia, presents a lucrative investment opportunity. Boasting a prime location with Chamberlayne Road/Route 301 frontage, this property offers unparalleled visibility and convenient access to Hanover Courthouse and the Rutland area, with Interstate 295 just four miles away. The 1.84-acre lot encompasses two separate buildings, ideal for a variety of retail or office uses. The larger, red building, totaling 1940 square feet, features a heat pump (replaced in 2014) and a roof replaced in 2019. Its previous rental income was $1100 per month. The smaller, white building, measuring 648 square feet, includes a wall heat unit, a roof replaced in 2016, and a hot water heater replaced in 2022. This building previously generated $750 in monthly rental income. The property also includes a detached garage. Two separate septic drainfields serve the buildings, one located behind each structure, and a single well provides water. The property is zoned B3, offering flexibility for various commercial ventures. With its substantial size, excellent location, and recent upgrades, this property represents a strong investment opportunity with significant potential for growth and return. The total square footage is 2,588 square feet. The asking price is $599,000.
Property profile
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Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Value estimation
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Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Derived from the Mechanicsville market rent, vacancy and expense benchmarks for this use type.
Price sensitivity
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Property tax & assessments
Tax year 2024Property description
Physical attributes from public recordsZoning & alternative use
B-1 · Mechanicsville, VAZoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
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