Listing Courtesy of United Real Estate Horizon, Debbie Cloud

8414 W MAIN STREET, Marshall, Virginia, 20115

NEW INVESTMENT OPPORTUNITY for Investor to continue as an income-producing property or Owner-Operator to help offset costs of doing business. The tenant currently has not initiated securing the option of a 3-year lease in September. If he chooses to vacate we will list immediately list the property to secure a new tenant. During this time period of being in between leases, there is an opportunity for the right Business Owner that wants to purchase the property. The property is prime for an Owner-Operated business looking for investment income to offset business expenses. A charming small town is going through a renaissance with new business development and Van Metre's new homes (400+). Excellent Investment Opportunity in a growing small town with a revitalized main street right between two exits on I66 (exit 17&18) less than 60 miles from DC Area. Marshall Town zoning (town overlay zoning) is more flexible allowing the property to combine commercial space and multiple residential units. 100% occupied on approximately .57ac. Options abound for this property in this expanding area of Northern Piedmont. You can continue leasing the property AS-IS producing income or upgrade to change the current property to what Come out and see this Charming Main Street Community, 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. This property can be upgraded like many buildings in Marshall, or remain AS IS producing current income (approx 8000/mo). The building is 5422sf on an approx .57 acre lot. There is an easement being recorded (10ft walking path with new engineered plans in documents) along the western fence line for the new homes to access Main Street making this property a prime location. The retail front commercial space +/-2200sf with all the back historically commercial space totals +/-3000sf. The current retail tenant has all the commercial space. The remaining square footage is historically residential apartments with annual leases. "Marshall Town" zoning is more flexible for Main Street towns combining commercial with residential to create a "downtown" environment. Current Use: general contractors office, retail store (Hemp Store with 3-year lease with 2 renewals - NN), and residential units (annual leases). The store tenant pays electricity and a CAM payment monthly (trash & WSA). Residential Tenants pay metered electricity and communication expenses. All tenants have insurance. The Landlord's expenses are water/sewer, trash, taxes, and insurance. With an NDA information about leases and finances can be released. There is a new easement going in. The process since 2016 to abandon the old Salem road from 1797 is complete as of 5/18/23. This ordinance restores the property line between the two lots and adds the new easement for the new Van Metre walking trail with the new Marshall septic lines underneath. (see the documents) The property sold is "AS IS" and subject to current residential and commercial leases. New vinyl flooring was added in two units with fresh paint (one tenant opted to extend his lease so the unit was not updated). Please inquire with questions and come see this property. Thank you for your interest.

Active

$1,300,000

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Other

5,422

0.57 Acres

MLS

VAFQ2007112

239.760 per sqft

Built in 1929

MARSHALL

3994.00 (2021)

Disclaimer: The information contained in this listing has not been verified by United Real Estate Horizon and should be verified by the buyer.

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ADDRESS & DIRECTIONS

  • Street Address: 8414 W MAIN STREET
  • City: Marshall
  • State: Virginia
  • County: Fauquier
  • Subdivision: MARSHALL
  • Directions:
    From Washington DC - head west to Exit 28 - Marshall turning right on Winchester Road heading north. At the stop light in Marshall, turn left onto West Main Street (Leckner Ford, BBT & 7-11) Head through town to the west side of town. 8414 is on the right/north side of Main Street.

PROPERTY FEATURES

General Information

  • Leasable Area: 5190  
  • Current Use: Commercial,Convenience Store,Multi Residential
  • Building Features : Kitchen,Meeting Rooms,Signage Allowed,Display Window
  • Entry Level:1
  • Road Surface: Paved,Access - On Grade
  • Road Frontage Length: 127
  • Location: Downtown

Heating /Cooling Features

  • Has Central Air
  • Cooling Type: Central A/C
  • Cooling Fuel: Electric
  • Has Heating
  • Heating Type: Heat Pump(s),Baseboard - Electric
  • Heating Fuel: Electric

Rooms Information

  • Other Units : Unit 1,Unit 2,Unit 4,Unit 5,Unit 3,Unit 6

Exterior Features

  • Accessibility Features: 2+ Access Exits,Level Entry - Main

Parking Features

  • 26 Garage And Parking Space(s)
  • Parking Types : Driveway,On Street
  • Parking Features: Unassigned

Construction Features

  • Construction Materials: Brick Front,Combination,Brick,Concrete,Stucco,Mixed
  • Flooring: Ceramic Tile,Wood
  • Roof Type: Metal,Pitched
  • Foundation Details:Block

Accessibility Features

  • Accessibility Features: 2+ Access Exits,Level Entry - Main

Utility Information

  • Electric: 120/240V
  • Utilities:Phone Available,Cable TV Available
  • Sewer: Public Sewer
  • Water Source: Public
  • Hot Water: Electric

Security Features

  • Security Features: Smoke Detector,Main Entrance Lock

Commercial Features

  • Business Type: Restaurant/Bar,Supermarket/Grocery Store,Medical,Apartment Building,Banquet Facility/Lodge,Day Care Facility,Hair Salon and Spa,Other/General Retail,Professional,Religious Facility,Shopping Center,Vet/Kennel,Other

Other Features

  • Year Built Source: Assessor
  • Other Equipment: Some
  • Zoning: MT
  • Zoning Description: Marshall Town - Mix of residential and commercial uses, with storefronts and other business uses dominating the street frontage.
  • Direction Faces: South

SCHOOLS NEAR 8414 W MAIN STREET

  • Courtesy of United Real Estate Horizon, Debbie Cloud
  • Property last updated on BRIGHT : 5/18/2023 2:28:05 PM