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Additional details
$258,000
Est. payment /mo
1,779 SqFt
UPDATED:
01/08/2025 05:16 AM
Key Details
Property Type Commercial
Sub Type Retail
Listing Status Active
Purchase Type For Sale
Square Footage 1,779 sqft
Price per Sqft $145
MLS Listing ID VAWI2004400
Originating Board BRIGHT
Year Built 1900
Annual Tax Amount $1,550
Tax Year 2022
Lot Size 3,690 Sqft
Acres 0.08
Property Description
PRICE REDUCED Two story fully leased commercial property located in Downtown Winchester; two blocks away from the walking Mall and the Government center. The property is currently leased to a retail tenant. This property is now Residential over Commercial to one tenant. Office or Retail allowing for many lease opportunities in the future. The floorplans are well laid out for multiple tenants as well. The current tenant has entered into a three year lease with a three year option in June of 2023 and agreed to 3% rent increases per year. The building is 1,779 Sq Ft on two floors. Former price of $275,500 reduced to $258,000.00 and a solid 8% CAP rate!!
Location
State VA
County Winchester City
Zoning B1
Interior
Hot Water Natural Gas
Heating Forced Air
Cooling Window Unit(s)
Flooring Hardwood, Vinyl
Heat Source Natural Gas
Exterior
Garage Spaces 3.0
Water Access N
Roof Type Metal
Accessibility None
Total Parking Spaces 3
Garage N
Building
Sewer Public Sewer
Water Public
New Construction N
Schools
School District Winchester City Public Schools
Others
Tax ID 193-01-P- 25-
Ownership Fee Simple
SqFt Source Assessor
Special Listing Condition Standard
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Listed by JOHN W COONTZ • Commercial Specialists
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