Excellent Investment Opportunity! 100% occupancy. Growing community excited. Come out and see this Small Town Community as the 2nd largest town in Fauquier County. Easy access off I66 with high tourist traffic located between exit 27-28 in Marshall VA (59 miles from DC/NVA). Great opportunity for Investor. MARSHALL is growing with changes in 2020 to include Marshall Main Street beautification project phase one, road expansion of Salem Avenue and new homes south and north of Main St. The building is 5422sf on a .56acre lot. General store front commercial space +/-2200sf. The total back space plus general front space +/-3000sf. Commercial space with "Marshall Town" zoning, many uses BY RIGHT. Current Use: general contractors office, CBD retail store (3 year lease) and residential units (annual leases). Possible other future commercial uses include: pub, restaurant, sushi, wine/beer bar, CBD/hookah bar, market, deli, BBQ, health food, wellness center, retail, service center, offices, medical, spa, etc. Previous use: deli, general store, pool hall, tobacco shop. The store has been "ABC-OFF", and the inspector says the right tenant can be "ABC-ON". The space can be built-out as a retail/restaurant front and office/kitchen in back. New walking path easement on west side of property from townhouses & new "coming soon" housing. Income producing property - potential +/-85k/year net. Current occupancy - 4 units rented, and 2 units being negotiated where property is 100% occupied as of 9/1/20. Investor - great property with smart cosmetic upgrades and minimal layout changes for purchaser or potential tenant. New Metal Roof installed approximately 10 years ago. Seller's expenses are currently water/sewer, trash, taxes and insurance. Store tenant pays a negotiated CAM payment dependent on the business utility usage. Residential Tenants pay electric. Property subject to Leases. Property sold is AS IS.
180.560 per sqft
Built in 1929
Listing Courtesy of United Real Estate Horizon, Debbie Cloud