13351 Riverside Dr Oakwood, VA 24631
- Office Properties & Spaces
Current Use by Public Records
- Office Properties & Spaces
Property Details for 13351 Riverside Dr
- Year built
- 2004
- Property type
- Office Properties & Spaces
- Property subtype
- Medical offices
Description
This exceptional investment opportunity presents the chance to acquire a fee-simple interest in a single-tenant government office building located in Oakwood, Virginia. The property encompasses 1.08 acres and features a 8,676-square-foot, single-story office building constructed in 2004. Strategically situated along US Highway 460, this location offers unparalleled access to a significant population base, serving one of the world's most densely populated mining regions with nearly 60,000 residents within a ten-mile radius. The primary tenant is the U.S. General Services Administration, with the Mine Safety and Health Administration as the operator. This is one of four facilities operated by the tenant in District 5. The tenant has demonstrated long-term commitment, having occupied the property since its completion in 2004 and recently extending their lease for an additional ten years, with an expiration date of December 2034. The property offers a strong net operating income of $152,813, making it an attractive investment opportunity for discerning buyers. The asking price is $1,875,000.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Oakwood
- County
- State
- Virginia