8414 W MAIN ST

Marshall, VA 20115

UPDATED:

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Listing Price

$1,050,000

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Bed

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Bath

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SqFt

Jen Feinberg

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Key Details

Property Type: Commercial

Sub Type: Other

Listing Status: Active

Purchase Type: For Sale

Lot Size: 0.560 Acres

Year Built: 1929

MLS Listing ID: VAFQ166180

Subdivision: Marshall Town

Total Units: 4

Short Sale: No

HOA Y/N: N

Originating MLS: BRIGHT

Property Description

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".

Location

State: VA

County: Fauquier

Zoning: MARSHALL - TOWN

Direction: South

Interior

Hot Water: Electric

Heating: Heat Pump(s),Baseboard - Electric

Cooling: Central A/C

Flooring: Ceramic Tile,Wood

Equipment: Some

Fireplace: N

Heat Source: Electric

Exterior

Garage Spaces: 26.0

Utilities Available: Phone Available,Cable TV Available

Waterfront: N

Water Access: N

View: Street

Roof Type: Metal,Pitched

Street Surface: Paved,Access - On Grade

Accessibility: 2+ Access Exits,Level Entry - Main

Road Frontage: Public,State,Easement/Right of Way

Parking Type: Driveway,On Street

Total Parking Spaces: 26

Garage: N

Building

Lot Description: Road Frontage,Rear Yard

Foundation: Block

Sewer: Public Sewer

Water: Public

New Construction: N

Schools

Elementary Schools: Coleman

Middle Schools: Marshall

High Schools: Fauquier

School District: Fauquier County Public Schools

Others

Tax Amount: $3,945

Tax Year: 2018

Tax ID: 6969-58-0236

Ownership: Fee Simple

SqFt Source: Estimated

Security Features: Smoke Detector,Main Entrance Lock

Special Sale: Standard

Property History

Date Event Price Source

    Neighborhood Demographic

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