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Prime Medical Office Investment 2 Properties Offered at $1,710,002 CAD in Fork Union, VA

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INVESTMENT HIGHLIGHTS

  • Long-term medical tenant to sign new 5-year NNN lease.
  • Hands-off investment with tenant-covered expenses.
  • 50 on-site parking spaces and 3.19 acres of land.
  • Fully leased four-unit apartment building included.
  • Located on US-15 with strong visibility and access.

EXECUTIVE SUMMARY

This rare dual-asset investment opportunity at 4064 James Madison Hwy in Fork Union, Virginia, offers a compelling blend of healthcare stability and multifamily income. The property includes a well-maintained medical office building and a fully leased four-unit apartment building totaling 7,139, all situated on a 3.19-acre parcel with 50 dedicated parking spaces.
The medical office is currently occupied by a long-standing general practitioner who will execute a new 5-year NNN lease upon sale, ensuring immediate, predictable cash flow. The facility includes nine exam rooms, administrative offices, a lab, nurses’ station, file room, kitchen/break area, and a welcoming reception area. The tenant will cover all operating expenses, including taxes, insurance, and maintenance, offering a hands-off investment profile.
Adjacent to the medical office is a two-story multifamily building with three one-bedroom units and one two-bedroom unit. All apartments are fully occupied, with one recently renovated, and rents include utilities—providing additional, stable income.
Located in Fluvanna County along the well-traveled James Madison Highway (US-15), the property benefits from strong visibility and accessibility. The B-1 zoning supports a variety of commercial uses, and the surrounding area includes residential neighborhoods and local businesses, enhancing long-term tenant demand.
This is an ideal acquisition for investors seeking a diversified, income-producing asset with a healthcare anchor tenant and residential upside.

PROPERTY FACTS

Price $1,710,002 CAD
Price / SF $239.53 CAD / SF
Sale Condition Sale Leaseback
Cap Rate 7.01%
Sale Type Investment
Status Active
Number of Properties 2
Individually For Sale 0
Total Building Size 7,139 SF
Total Land Area 3.12 AC

PROPERTIES

PROPERTY NAME / ADDRESS PROPERTY TYPE SIZE YEAR BUILT INDIVIDUAL PRICE
2781 W Bottom Rd, Fork Union, VA 23055 Multifamily 2,759 SF 1999 -
4064 James Madison Hwy, Fork Union, VA 23055 Office 4,380 SF 1958 -
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  • Listing ID: 37770925

  • Date on Market: 2025-09-22

  • Last Updated:

  • Address: Prime Medical Office Investment, Fork Union, VA

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