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Listed by Gillian Joy Greenfield • Coldwell Banker Premier
$ 1,500,000
Est. payment | /mo
5,145 SqFt
$ 1,500,000
Est. payment | /mo
5,145 SqFt
Key Details
Property Type Commercial
Sub Type Retail
Listing Status Active
Purchase Type For Sale
Square Footage 5,145 sqft
Price per Sqft $291
MLS Listing ID VAWI2008694
Year Built 1982
Annual Tax Amount $7,874
Tax Year 2025
Lot Size 0.873 Acres
Acres 0.87
Property Sub-Type Retail
Source BRIGHT
Property Description
Excellent 1031 opportunity in Winchester, Virginia. This interstate commercial property is strategically located immediately off I-81, Exit 315, and is leased with over seven years remaining on the current term. Key highlights include NOI: Currently $83,000 per year.Tenant: A good credit tenant is in place, responsible for real estate taxes and insurance. Property Condition: The building is in excellent condition and is located next to a Five Guys restaurant. Previous Use: The property was previously a restaurant and still has an intact kitchen.
This is a prime investment in Virginia's fastest-growing community, offering an unbeatable location and market. Asking price for this occupied property with a good-standing tenant is $1.5 million.
This is a prime investment in Virginia's fastest-growing community, offering an unbeatable location and market. Asking price for this occupied property with a good-standing tenant is $1.5 million.
Location
State VA
County Winchester City
Zoning B2
Interior
Hot Water Electric
Heating Heat Pump(s)
Cooling Central A/C
Heat Source Electric
Exterior
Garage Spaces 20.0
Water Access N
Accessibility 2+ Access Exits
Total Parking Spaces 20
Garage N
Building
Sewer Public Sewer
Water Public
New Construction N
Schools
School District Winchester City Public Schools
Others
Tax ID 197-02-7A2
Ownership Fee Simple
SqFt Source Assessor
Special Listing Condition Standard
