16778 James Anderson Hwy Buckingham, VA 23921-3163
- Commercial real estate
- 2.84 lot acres
Current Use by Public Records
- Buckingham Cycles / Motorcycle Repair Shop
Property Details for 16778 James Anderson Hwy
- Lot size
- 2.84 lot acres
- Property type
- Commercial real estate
- APN
- 137-124
- APU
- 137124
Description
This exceptional investment opportunity in Buckingham, VA, presents a substantial 18,070 square foot commercial property ideally situated on 2.843 acres with direct highway frontage on Highway 60. The property boasts a substantial 10,000+ square foot brick warehouse, currently generating rental income. In addition to the warehouse, the property includes three separate storage buildings providing a total of 78 individual storage units. Two of these storage buildings each measure 2,520 square feet, while the third offers 3,000 square feet of space. A significant portion of the storage units are also currently leased, contributing to the property's existing income stream. This turnkey investment is poised for continued growth and offers a compelling return on investment. The property's high-traffic location on Highway 60 ensures excellent visibility and accessibility, making it an attractive proposition for both current tenants and future expansion. Detailed lease information is available upon request. This is a rare opportunity to acquire a well-established, income-producing commercial property in a desirable location. Don't miss out on this chance to secure a valuable addition to your investment portfolio.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $305,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $420,000
- 6.5%
- $390,000
- 7%
- $425,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $370,000
- Geo Method
- $430,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $405,000
- Retail
- $375,000
- Mixed-Use
- $380,000
- Hospitality
- $390,000
- Educational
- $370,000
- Residential Income
- $355,000
- Energy
- $470,000
- Income-Based Land
- $430,000
- Food Service
- $435,000
Location Insight
- Map
- Local Demand
- City
- Buckingham
- County
- Buckingham
- State
- Virginia
- Longitude
- -78.4974
- Latitude
- 37.5304