8414 W Main StMarshall, VA 20115MLS Number VAFQ2001912

  • Price: $1,050,000
  • 34 Days on Market
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Federal 30-year interest rate: 3.11% last updated on Dec 2, 2021
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  • 0.56Acreage
  • 1929Year Built
  • DowntownLocationType
  • 194Price Per Square Foot
Excellent Investment Opportunity - current 8 CAP! 100% occupancy. Older historic property for sale that can be upgraded or left AS IS generating income. Options abound in this expanding area. Come out and see this Small Town Community as the 2nd largest town in Fauquier County. Horse country, rolling hills, open spaces, wineries, and quaint small-town living add to the lure of Marshall. This gateway to Northern Piedmont is straight out from the DC area (59 miles from the Capital) with easy access off I66 with high tourist traffic located between exits 27-28 in Marshall VA. The building is 5422sf on a .56acre lot. There is an easement between properties for the new homes to access Main Street making this property a prime location. The general store/retail front commercial space +/-2200sf. The total backspace plus general front space +/-3000sf. "Marshall Town" zoning is more flexible for main street towns combining commercial with residential to create a "downtown" environment. Current Use: general contractors office, CBD retail store (3-year lease with 2 renewals - NN), and residential units (annual leases). Store tenant pays a CAM payment monthly. Residential Tenants pay metered electricity and communication expenses. The Landlord's expenses are water/sewer, trash, taxes, and insurance. Property sold is "AS IS" and subject to current residential and commercial leases.
Listed by Debbie Sue Pomeroy Cloud of United Real Estate Horizon

Driving Directions

Carter Braxton Preferred Properties
Carter Braxton Preferred Properties
Office: 703-777-7772
1 N. King Street
Leesburg, VA 20175

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Basic Information

  • Broker NameUnited Real Estate Horizon
  • List Price$1,050,000
  • LocationTypeDowntown
  • MLS NumberVAFQ2001912
  • MLS Property TypeCommercial Sale
  • Price Per Square Foot194
  • Security FeaturesSmoke Detector, Main Entrance Lock
  • StatusACT
  • Units4
  • Vacation Rental YNN

Property

  • Acreage0.56
  • Business TypeRestaurant/Bar, Supermarket/Grocery Store, Medical, Apartment Building, Banquet Facility/Lodge, Day Care Facility, Hair Salon and Spa, Other/General Retail, Professional, Religious Facility, Shopping Center, Vet/Kennel, Other
  • Leasable Area5190
  • Lot DescriptionRoad Frontage, Rear Yard
  • Lot Size SourceEstimated
  • Lot Size Square Feet24,394
  • New Construction YNN
  • Property ConditionAverage
  • Property SubTypeOther
  • Road Frontage Length127
  • Road ResponsibilityPublic, State, Easement/Right of Way
  • Road Surface TypePaved, Access - On Grade
  • ZoningMARSHALL TOWN
  • Zoning DescriptionTo provide for a concentration of business activity, with interspersed residential uses - "downtown".

Tax Information

  • Assessment Year2022
  • Tax Assessment Amount505300
  • Tax Year2018
  • Taxes$3,945
  • Total Taxes Payment FrequencyAnnually

Building

  • Building Area SourceAssessor
  • Building Area Total5422
  • Building FeaturesKitchen, Meeting Rooms, Signage Allowed, Display Window
  • Construction MaterialsBrick Front, Combination, Brick, Concrete, Stucco, Mixed
  • Entry Level1
  • FoundationBlock
  • Garage Spaces
  • Num Attached Garage Spaces
  • Num Detached Garage Spaces
  • Stories2
  • Total Garage And Parking Spaces26
  • Total Restrooms6
  • Year Built1929
  • Year Built Effective2017

Exterior

  • RoofMetal, Pitched

Property Information

  • Municipal Trash YNN

Amenities

  • Accessibility Amenities2+ Access Exits, Level Entry - Main
  • Other AmenitiesHorse Property

Water Body

  • Tidal Water YNN
  • Water AccessN
  • Water View YNN
  • WaterfrontN

Other

  • Annual Gross Expense18224
  • Cap Rate8
  • Current UseCommercial, Convenience Store, Multi Residential
  • Gross Income95400
  • Gross Scheduled Income95400
  • Historic YNN
  • Operating Expense IncludesInsurance, Pest Control, Repair/Maintenance, Sewer, Trash, Water
  • Other EquipmentSome
  • Sale or LeaseY

Parking

  • Assigned Parking Spaces
  • Parking FeaturesUnassigned
  • Parking TypesDriveway, On Street

Basic Information

  • Date Listed11/03/2021

Location

  • Address8414 W Main St
  • Building Number8414
  • CountyFauquier
  • Direction FacesSouth
  • DirectionsFrom Washington DC - head west to Exit 28 - Marshall turning right on Winchester Road heading north. At the stop light in Marshall, turn left onto West Main Street (Leckner Ford, BBT & 7-11) Head through town to the west side of town. 8414 is on the rig
  • In City Limits YNN
  • StateVA
  • SubdivisionMarshall Town
  • TownMarshall
  • Water Oriented YNN
  • Zip20115

Interior

  • Clear Span Ceiling Height8' to 10'
  • FlooringCeramic Tile, Wood

Utilities

  • Central Air YNY
  • CoolingCentral A/C
  • Cooling FuelElectric
  • Electric120/240V
  • Heat SystemHeat Pump(s), Baseboard - Electric
  • Heating FuelElectric
  • Heating YNY
  • SewerPublic Sewer
  • UtilitiesPhone Available, Cable TV Available
  • Water HeaterElectric
  • Water SourcePublic

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Copyright 2021 BRIGHT, All Rights Reserved.  Information Deemed Reliable But Not Guaranteed. The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which Carter Braxton Preferred Properties participates, and is provided by BRIGHT through a licensing agreement. The information provided by this website is for the personal, non-commercial use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.Data last updated December 6, 2021. Some properties which appear for sale on this website may no longer be available because they are under contract, have Closed or are no longer being offered for sale.

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