Excellent Investment Opportunity! 100% occupancy. Older historic property for sale that can be upgraded or left "AS IS" to continue generating income. Options abound for this property in this expanding area of Northern Piedmont. Come out and see this Small Main Street Community as the 2nd largest town in Fauquier County. Horse country, rolling hills, open spaces, wineries, and quaint small-town living add to the lure of Marshall. This gateway to Northern Piedmont is straight out from the DC area (59 miles from the Capital) with easy access off I66 with high tourist traffic located between exits 27-28 in Marshall VA. The building is 5262sf on a .4243 acre lot (.56 ac being lot line adjusted with county and VDOT). There is an easement (going from a 30ft road to a 10ft walking path) between properties for the new homes to access Main Street making this property a prime location. The retail front commercial space +/-2200sf. The total backspace plus general front space totals +/-3000sf commercial space. "Marshall Town" zoning is more flexible for Main Street towns combining commercial with residential to create a "downtown" environment. Current Use: general contractors office, CBD retail store (3-year lease with 2 renewals - NN), and residential units (annual leases & one month to month). Store tenant pays a CAM payment monthly. Residential Tenants pay metered electricity and communication expenses. The Landlord's expenses are water/sewer, trash, taxes, and insurance. Property sold is "AS IS" and subject to current residential and commercial leases. The Seller's attorney is finalizing the remedy of the VDOT encroachment and working on the county walkway easement & new sewer line being correctly recorded per negotiations.
221.320 per sqft
Built in 1929
Disclaimer: The information contained in this listing has not been verified by United Real Estate Horizon and should be verified by the buyer.Information provided by BRIGHT