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754-758 S Main StWoodstock, VA 22664Price: $1,650,000

  • Price: $1,650,000
  • 20 Days on Market
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Federal 30-year interest rate: 5.22% last updated on Aug 11, 2022
* All Figures are estimates. Check with your bank or proposed mortgage company for actual interest rates.
This product uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis.
  • $1,650,000List Price
  • 4.97Acreage

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Woodstock corridor of growth, just south of Downtown, next to Massanutten Military Academy. The property in front of this 5 acre parcel was just approved for a mixed use project, containing 48 apartments over commercial, paving the way for additional development at this site. Add to this central location the much touted "Rails to Trails" project that runs along the western border of this property if and when it is finally approved. The 5 acres is improved by two houses, one apartment building and metal commercial building leased to a body shop and towing company. The property is fully leased contributing a current income of over $100,000. Terrific income, while you plan and phase in your Multi-Family redevelopment project at this site. Asking price is $1,650,000 at a 6.1% Cap Rate. Below market rents and the Muti-Family development potential at this site makes this a project you will want to take a closer look at. Imagine the possibilities!

Property Details of 754-758 S Main St

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Listed by James A Guisewhite of Commercial Specialists

Copyright 2022 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 August 14, 2022. 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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