8146 Elm Dr Mechanicsville, VA 23111-1213

Property Details for 8146 Elm Dr

Year built

1970

Lot size

0.76 lot acres

Property size

6,088 SF

Zone code

M-2

Property type

Commercial real estate

APN

8704-74-4460

APU

8704744460

Description

This exceptional Mechanicsville, VA property offers a unique investment opportunity with a diverse tenant mix. The 6,088 square foot, two-story building is currently 100% occupied by four tenants: a daycare center, a hair salon, a photography studio, and a two-bedroom apartment. The daycare, occupying approximately 3,000 square feet of the lower level, features a full kitchen with commercial appliances, multiple rooms, two exterior entrances, and one interior entrance from the foyer. It also includes one full and two half baths and generates $3,000 in monthly rent. The second floor, accessible via a front split foyer or rear ramp/walk-up, houses the hair salon and photography studio, each occupying multiple rooms and sharing two public restrooms. The hair salon pays $900 per month, and the photography studio pays $1,200 per month, including a private full bath. A separate two-bedroom, one-bathroom apartment on the second floor commands $1,000 in monthly rent and has private front and rear entrances. Recent upgrades include three new HVAC units and a new roof. The property also features a 60 kW backup generator and a separate storage container. Located at 8146 Elm Dr, Mechanicsville, VA 23111, this mixed-use building presents a strong cash flow with significant upside potential for future growth. The asking price is $998,000, translating to $163.93 per square foot. Showings require at least 48 hours' notice and are limited to weekends due to the daycare's operating hours.