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3630 George Washington Mem Hwy
Yorktown, VA 23693

$3,750,000 USD

Medical For Sale  •  43,560 SF

Property Details

  • Property Type Medical
  • Total Building Size 43,560 SF
  • Lot Size 2.16 AC
  • Building Class B
  • Year Built 1983
  • Cap Rate 8.60 %
  • Tenancy Multiple
  • Zoning GB GENERAL
0 Transit Score
16 Walk Score

Description

This colonial-style office building was built in 1970 and expanded in 1983. Suites are all retrofitted to fit the current tenants in the space. The Class B office space located in Yorktown, VA offers over 41,000 square feet of office space, with 2,000 square feet of warehouse space for tenant use. The complex is situated on 2.16 acres with 155 parking spaces for the wide range of tenants that occupy the 16 office suites. The property includes many amenities, such as access to the bus line, monument signage, and ample natural lighting. Located centrally in York County with many schools, churches, and neighborhoods nearby. Great visibility on George Washington Memorial Hwy with over 300 feet of frontage and 55,000 cars passing by daily. The location and amenities of this building make it an ideal location for professional services and medical practices.

Highlights

Meticulously maintained 43,560-SF colonial-style office building in the heart of Yorktown, Virginia.
Class B office space has been recently retrofitted to accommodate the evolving needs of its occupants.
Rental rates, though below market value, are poised for a significant uptick. With escalations ranging from 3 to 5% for all tenants.
Positioned on a generous 2.16-acre parcel, the complex boasts ample parking with 155 spaces.
Convenient access to major transportation arteries, including I-64 and the nearby Newport News International Airport.

Property Flyers

Cap Rate: 8.60 %

Major Tenants

Tenant SF Occupied Lease End Date
Center for Autism & Related Disorders 2,594 SF
Davis & Associates 4,881 SF
Dr. Peter Gruhl 4,292 SF
McKesson HBOC Medical Group 6,443 SF
Wayne Harbin Builders 1,596 SF

Amenities

  • Bus Line
  • Signage
  • Natural Light

Public Transportation

Commuter RailDriveWalkDistance
Newport News (Northeast Regional - Amtrak) 17 min - 8.9 mi
AirportDriveWalkDistance
Newport News/Williamsburg International 12 min - 5.8 mi
Norfolk International 40 min - 26.9 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 155
Type: Surface
Included in Rent: Yes
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