699 N Washington Hwy - Medical FOR SALE


Ashland, VA 23005
$500,000 USD
804-697-3493
699 N Washington Hwy, Ashland, VA for Sale
$500,000 USD
Medical - FOR SALE
1/1
null | Request Cap Rate

699 N Washington Hwy
Ashland, VA 23005


HIGHLIGHTS

  • Former medical office with adaptive reuse potential
  • Located on 5.74 acres with expansion flexibility
  • High visibility along Route 1 near Route 54 and I-95
  • Dual access points with front and rear entrances
  • Positioned in Ashland’s growing commercial corridor

OVERVIEW

Located in the heart of Ashland, Virginia, 635 N. Washington Highway offers a compelling opportunity for investors or owner-users seeking a well-positioned office asset with redevelopment potential. This ±9,307 SF former medical office building sits on a generous ±5.74-acre parcel with excellent visibility along Route 1, just north of the Route 1/Route 54 intersection and minutes from the I-95 Ashland exit. The property’s layout and size make it ideal for adaptive reuse, whether for continued office use, medical conversion, or alternative commercial applications. Its dual entrances—front and rear—enhance accessibility and flexibility for multi-tenant configurations or specialized user needs. The site’s expansive acreage also opens the door for future expansion or complementary development, subject to local approvals. Ashland’s strategic location within Hanover County provides access to a growing residential base and a business-friendly environment. The property benefits from strong regional connectivity via I-95 and Route 54, making it attractive for users serving the Richmond metro area and beyond. With a competitive asking price of $500,000, this offering presents a rare chance to acquire a sizable, well-located office asset with upside potential in a vibrant and accessible corridor.

FOR SALE DETAILS

PRICE

$500,000 USD

PRICE/SF

$54 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

ADD'L SUBTYPES

Freestanding, Storefront, Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

1974

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

5.74 AC

LAND SF

250,034 SF

ZONING

R3

APN/PARCEL ID

7880-17-7347

ASK ABOUT THIS PROPERTY

Birck TurnbullCushman & Wakefield | ThalhimerMore Info
804-697-3493

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.

Birck TurnbullCushman & Wakefield | ThalhimerMore Info
804-697-3493

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.