State: VA
County: Fauquier
Zoning: MARSHALL - TOWN
Direction: South
UPDATED:
Listing Price
$1,050,000
-
Bed
-
Bath
-
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
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Jen Feinberg
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