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635 N Washington Hwy 9,307 SF Office Building Ashland, VA 23005 $697,960 CAD ($74.99 CAD/SF)

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INVESTMENT HIGHLIGHTS

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

EXECUTIVE SUMMARY

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.

PROPERTY FACTS Under Contract

Sale Type
Investment or Owner User
Property Type
Office
Property Subtype
Medical
Building Size
9,307 SF
Building Class
B
Year Built
1974
Price
$697,960 CAD
Price Per SF
$74.99 CAD
Tenancy
Single
Building Height
1 Story
Typical Floor Size
9,307 SF
Building FAR
0.04
Lot Size
5.74 AC
Zoning
R3

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
7880-17-7347
Land Assessment
$1,123,436 CAD
Improvements Assessment
$1,569,852 CAD
Total Assessment
$2,693,288 CAD
  • Listing ID: 37703727

  • Date on Market: 2025-09-17

  • Last Updated:

  • Address: 635 N Washington Hwy, Ashland, VA 23005

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