Property
Beds
None
Full Baths
None
1/2 Baths
None
Year Built
1929
Sq.Footage
N/A
INVESTMENT OPPORTUNITY as an income-producing property - 6 total units. Commercial & Residential. 100% occupied. 7.2 CAP. Marshall is a charming small town with new business development and Van Metre's new homes (400+). Excellent Investment Opportunity on Main Street right between two exits on I66 (exit 17&18) less than 60 miles from DC Area. Options abound for this property as Marshall Town zoning in Northern Piedmont. You can continue to lease the property just as it sits as an income producer or make the upgrades to the property as a destination in this 2nd largest town in Fauquier County. Horse country, rolling hills, open spaces, wineries, and quaint small-town living add to the lure of Marshall. There are many possibilities to complement existing businesses. Tourists drive by heading to Skyline Drive or commuters return home from a busy day in Northern Virginia. "Marshall Town" (M-T) zoning is more flexible for Main Street towns combining commercial with residential to create a "downtown" environment. The building is 5422sf on an approx .58 acre lot. The new easement is 10ft walking path along the western property line for the new homes to access Main Street making this property a prime location. The retail front commercial space +/-2200sf with all the back units space for storage, offices and staff space totals +/-3000sf. The remaining square footage is historically residential apartments with annual leases. The current zoning is Marshall Town that combines commercial space (3 year lease with renewal 2200sf), and residential units (tenants with annual leases - 100% occupied). The store tenant is now retail (Opening soon - Popcorn Monkey) and commercial kitchen (Badass Pickles). The tenant pays a portion of electricity as a CAM payment monthly with trash & WSA. Residential Tenants pay metered electricity and communication expenses. The Landlord's expenses are water/sewer, trash, taxes, & insurance. The property sold is "AS IS" and subject to all residential and commercial leases. Owner will negotiate, some. Price firm.
Features & Amenities
Interior
-
Total Bedrooms
N/A
-
Bathrooms
N/A
-
Cooling YN
YES
-
Cooling
Central Air, Electric
-
Heating YN
YES
-
Heating
Electric, Baseboard, Heat Pump
-
Pet friendly
N/A
Exterior
-
Garage
No
-
Construction Materials
Brick Veneer, Brick, Concrete, Stucco
-
Parking
On Street, Unassigned, Driveway
-
Pool
No
-
Waterfront YN
NO
-
View
Street
Area & Lot
-
Lot Features
Back Yard
-
Lot Size(acres)
0.57
-
Property Type
Commercial Sale
-
Property Sub Type
Mixed Use
Price
-
Sales Price
$1,400,000
-
Tax Amount
4563.0
-
Zoning
Marshall Town
-
Sq. Footage
N/A
-
Price/SqFt
N/A
HOA
-
Association
No
School District
-
Elementary School
COLEMAN
-
Middle School
MARSHALL
-
High School
FAUQUIER
Property Features
-
Stories
2
-
Foundation Details
Block
-
Sewer
Public Sewer
-
Water Source
Public
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Location
County
FAUQUIER
Elementary School
COLEMAN
Middle School
MARSHALL
High School
FAUQUIER
Listing Courtesy of Debbie Sue Pomeroy Cloud , God & Country Real Properties
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AGENT
Laurie Hailey
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