Property
Beds
None
Full Baths
None
1/2 Baths
None
Year Built
1900
Sq.Footage
N/A
Price has been reduced to $249,900! Current NOI is $21,178 or 8.5% CAP. Location is two blocks off the Winchester Downtown Walking Mall and one block from the Government and Judicial Center. Currently the two-story mixed-use building is being leased to one tenant for commercial use. The B1 zoning allows residential over commercial as a by right use. Current Tenant has a lease through June 2026. We feel the highest and best use for this property is Residential on both floors, which requires a Conditional Use Permit. Full bathrooms on each floor make this a candidate for a quick "fix and flip" project. Purchase the property while it is being leased and plan your renovations and apply for Conditional Use Permit. This location is much better suited for multifamily residential. Let an SVN Advisor help guide you through the process and maximize the potential of this "bite sized" investment!
Features & Amenities
Interior
-
Total Bedrooms
N/A
-
Bathrooms
N/A
-
Cooling YN
YES
-
Cooling
Window Unit(s), Electric
-
Heating YN
YES
-
Heating
Natural Gas, Forced Air
-
Pet friendly
N/A
Exterior
-
Garage
No
-
Construction Materials
Frame
-
Parking
Parking Lot
-
Pool
No
-
Waterfront YN
NO
Area & Lot
-
Lot Size(acres)
0.08
-
Property Type
Commercial Sale
-
Property Sub Type
Retail
Price
-
Sales Price
$249,900
-
Tax Amount
1550.0
-
Zoning
Mixed use Residential over retail / office
-
Sq. Footage
N/A
-
Price/SqFt
N/A
HOA
-
Association
No
School District
-
Elementary School
VIRGINIA AVENUE CHARLOTTE DEHART
-
Middle School
DANIEL MORGAN
-
High School
JOHN HANDLEY
Property Features
-
Sewer
Public Sewer
-
Tax Lot
25
-
Water Source
Public
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Location
County
WINCHESTER CITY
Elementary School
VIRGINIA AVENUE CHARLOTTE DEHART
Middle School
DANIEL MORGAN
High School
JOHN HANDLEY
Listing Courtesy of John Christian Davis Fox , Commercial Specialists
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AGENT
Laurie Hailey
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