Description
Excellent Investment Opportunity in growing small town with a revitalized main street right between two exits on I66 less than 60 miles from DC Area.Marshall Town property combines commercial space and multiple residential units. 100% occupied on approximately .57ac. Options abound for this property in this expanding area of Northern Piedmont. Come out and see this Charming Main Street Community, 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. This property can be upgraded like many buildings in Marshall, or remain AS IS producing current income. The building is 5422sf on an approx .57 acre lot . There is an easement being recorded (10ft walking path with new engineered plans in documents) along the western fence line for the new homes to access Main Street making this property a prime location. The retail front commercial space +/-2200sf with all the backspace totals +/-3000sf commercial space. The current retail tenant has all the commercial space. The remaining sf is historically residential."Marshall Town" zoning is more flexible for Main Street towns combining commercial with residential to create a "downtown" environment. Current Use: general contractors office, retail store (Hemp Store with 3-year lease with 2 renewals - NN), and residential units (annual leases). Store tenant pays electricity and a CAM payment monthly (trash & WSA). Residential Tenants pay metered electricity and communication expenses. All tenants have insurance. The Landlord's expenses are water/sewer, trash, taxes, and insurance. With an NDA information about leases and finances can be released.The property sold is "AS IS" and subject to current residential and commercial leases. New vinyl flooring was added in two units with fresh paint (one tenant opted to extend his lease so the unit was not updated). Please inquire with questions and come see this property. Thank you for your interest.
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0BEDS
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0.57ACRES
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0BATHS
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01/2 BATHS
School Information
Description
Excellent Investment Opportunity in growing small town with a revitalized main street right between two exits on I66 less than 60 miles from DC Area.Marshall Town property combines commercial space and multiple residential units. 100% occupied on approximately .57ac. Options abound for this property in this expanding area of Northern Piedmont. Come out and see this Charming Main Street Community, 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. This property can be upgraded like many buildings in Marshall, or remain AS IS producing current income. The building is 5422sf on an approx .57 acre lot . There is an easement being recorded (10ft walking path with new engineered plans in documents) along the western fence line for the new homes to access Main Street making this property a prime location. The retail front commercial space +/-2200sf with all the backspace totals +/-3000sf commercial space. The current retail tenant has all the commercial space. The remaining sf is historically residential."Marshall Town" zoning is more flexible for Main Street towns combining commercial with residential to create a "downtown" environment. Current Use: general contractors office, retail store (Hemp Store with 3-year lease with 2 renewals - NN), and residential units (annual leases). Store tenant pays electricity and a CAM payment monthly (trash & WSA). Residential Tenants pay metered electricity and communication expenses. All tenants have insurance. The Landlord's expenses are water/sewer, trash, taxes, and insurance. With an NDA information about leases and finances can be released.The property sold is "AS IS" and subject to current residential and commercial leases. New vinyl flooring was added in two units with fresh paint (one tenant opted to extend his lease so the unit was not updated). Please inquire with questions and come see this property. Thank you for your interest.
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