8102 Elm Dr, Unit 1 Mechanicsville, VA 23111-1106

Property Details for 8102 Elm Dr

Year built

1986

Lot size

0.15 lot acres

Property size

1,206 SF

Zone code

B-3

Property type

Commercial real estate

APN

8704-83-4357

APU

8704834357

Description

This exceptional investment opportunity presents three office condos within a single building at 8102 Elm Drive, Mechanicsville, VA. Spanning 1,952 square feet, this property boasts a prime location off Mechanicsville Turnpike, benefiting from significant foot traffic and easy access to major roadways, including Interstate 295. The building is in excellent condition and includes 23 parking spaces, ensuring ample convenience for tenants and visitors. Recent upgrades include a new heat pump, updated commodes, and energy-efficient LED ceiling panels. Further enhancing the property's value is a newly encapsulated crawl space. High-speed internet access is provided via a Comcast internet server. The property is currently occupied by reliable tenants who carry rental insurance, minimizing risk for the investor. The building's infrastructure is supported by two separate water meters and two electrical meters. A significant advantage is the active Homeowners Association (HOA), comprising four separate owners of the complex, which manages recurring expenses. These expenses include trash removal, grounds maintenance and landscaping, snow and ice removal, electricity for the building's marquis, land taxes, exterior signage maintenance, comprehensive exterior building insurance (covering the roof and major structural components), twice-yearly pest control, and as-needed exterior cleaning. This turnkey investment offers a strong return with minimal ongoing maintenance responsibilities. The property's location and features make it an ideal investment for those seeking a stable and profitable commercial venture.