REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
Listed by Hyejung Hannah Kim • Real Broker, LLC
$ 1,780,000
Est. payment | /mo
0.38 Acres Lot
$ 1,780,000
Est. payment | /mo
0.38 Acres Lot
Key Details
Property Type Commercial
Sub Type Office
Listing Status Active
Purchase Type For Sale
MLS Listing ID VAWR2012484
Year Built 1980
Annual Tax Amount $4,297
Tax Year 2025
Lot Size 0.380 Acres
Acres 0.38
Property Sub-Type Office
Source BRIGHT
Property Description
This commercial property, originally constructed in 1980, has been fully renovated in 2024 with all new systems, roof, flooring, and finishes, offering a turnkey investment opportunity. The building is 100% leased to the Commonwealth of Virginia Department of Corrections, providing secure government credit tenancy and stable long-term income.
The comprehensive renovation not only enhances curb appeal but also ensures operational efficiency, durability, and reduced maintenance costs. With its strategic location along Front Royal's primary commercial corridor, the property is positioned to remain highly competitive within the market.
Ownership covers key operating expenses including electricity, insurance, landscaping, and trash collection, reducing tenant overhead and further strengthening retention. Investors can anticipate strong returns supported by both the government lease and the property's improved market profile.
In summary, this is a rare opportunity to acquire a fully modernized, government-leased asset in a high-visibility location, combining secure cash flow, long-term stability, and capital appreciation potential.
The comprehensive renovation not only enhances curb appeal but also ensures operational efficiency, durability, and reduced maintenance costs. With its strategic location along Front Royal's primary commercial corridor, the property is positioned to remain highly competitive within the market.
Ownership covers key operating expenses including electricity, insurance, landscaping, and trash collection, reducing tenant overhead and further strengthening retention. Investors can anticipate strong returns supported by both the government lease and the property's improved market profile.
In summary, this is a rare opportunity to acquire a fully modernized, government-leased asset in a high-visibility location, combining secure cash flow, long-term stability, and capital appreciation potential.
Location
State VA
County Warren
Zoning R-3
Interior
Hot Water Electric
Cooling Central A/C
Heat Source Electric
Exterior
Garage Spaces 40.0
Water Access N
Roof Type Shingle
Accessibility Ramp - Main Level
Total Parking Spaces 40
Garage N
Building
Sewer Public Sewer
Water Public
New Construction N
Schools
School District Warren County Public Schools
Others
Tax ID 20-A5-2-27-3
Ownership Fee Simple
Special Listing Condition Standard
