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Hopewell Medical Building 5303 Plaza Dr

12,550 SF 100% Leased Office Building Hopewell, VA 23860 $1,700,000 ($135/SF) 7.82% Cap Rate

Investment Highlights

  • Fully leased medical office building
  • Conveniently located just off Route 36 near I-295, Fort Lee, Southpark Mall, I-95
  • Excellent rental history

Executive Summary

11,900+/- SF medical office building.
Comprised of four medical suites.
Fully leased with excellent rental history.
Located just off Route 36 just off I-295.
Adjacent to Fort Gregg-Adams (formerly Fort Lee).
Excellent location near Temple Ave (Southpark Mall/I-95).
Conveniently located to service the entire greater Tri-Cities market.

Property Facts

Sale Type
Investment
Property Type
Office
Property Subtype
Medical
Building Size
12,550 SF
Building Class
B
Year Built
2001
Price
$1,700,000
Price Per SF
$135
Cap Rate
7.82%
NOI
$133,000
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
12,550 SF
Building FAR
0.15
Land Acres
1.89 AC
Opportunity Zone
Yes
Zoning
B3 - B-3

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
245-0065
Land Assessment
$739,200
Improvements Assessment
$1,538,300
Total Assessment
$2,277,500
  • Listing ID: 33430815

  • Date on Market: 10/6/2024

  • Last Updated:

  • Address: 5303 Plaza Dr, Hopewell, VA 23860

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