7293 Hanover Grn Dr, Mechanicsville, VA 23111-1791
- Commercial real estate
- 6,544 SF
- 0.57 lot acres
Current Use by Public Records
- Learning Specialists of Va Inc / Tutoring Service
- The House of Luxury LLC / Hair Salon
- Exclusive Events / Event Planning / Wedding Service
- Aacs Inc / Retirement Community / Nursing Home
- Reflections Counseling / Counselor
Property Details for 7293 Hanover Grn Dr
- Year built
- 1979
- Lot size
- 0.57 lot acres
- Zone code
- B-1
- Property type
- Commercial real estate
- APN
- 8704-85-3505
- APU
- 8704853505
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Aug 26, 2025 | $825,000 | Maxsal Properties LLC | Tate Family Holdings LLC | Deed | $660k · Citizens Bank And Trust Company |
| Sep 12, 2007 | — | Tate Family Holdings LLC | Tate,welford L & Ruth R | Quit Claim Deed · related | — |
Description
This exceptional three-story office building, located at 7293 Hanover Green Drive in Mechanicsville, Virginia, presents a compelling investment or owner-occupant opportunity. The 9,600 square foot building, constructed in 1979 and renovated in 2020, sits on a 0.57-acre lot and is currently 90% occupied across its 20 units. The property boasts a Class B designation and is zoned B-1, offering considerable flexibility for various business uses. The gross lease structure simplifies management, while the multi-tenancy provides a diversified income stream. The asking price is $960,000, translating to $100 per square foot. Key features include a single building on three stories, providing ample space for a variety of business needs. The property's location in Mechanicsville, VA, zip code 23111, offers convenient access to local amenities and transportation routes. This well-maintained property represents a strong investment opportunity with significant potential for future growth and return. The building's recent renovation ensures modern functionality and aesthetics, making it an attractive option for both investors and businesses seeking a prime location in a thriving community.
Value Estimations
-
CAP approach
- CAP Return
- Estimation
- 6%
- $955,000
- 6.5%
- $885,000
- 7%
- $820,000
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $554,000
Market price range: $316k - $1.15M
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Mechanicsville
- County
- Hanover
- State
- Virginia
- Longitude
- -77.3767
- Latitude
- 37.6044
- CBSA code
- 40060
- CBSA name
- RICHMOND, VA METROPOLITAN STATISTICAL AREA
