Active

8414 W Main St

Marshall VA, 20115

$1,400,000


$258.21 per sqft

Active

5,422 sqft

Commercial

Built in 1929

Marshall is a charming small town with new business development and Van Metre's new homes (400+). Excellent Investment Opportunity on Main Street right between two exits on I66 (exit 17&18) less than 60 miles from DC Area.

Options abound for this property as Marshall Town zoning in Northern Piedmont. You can continue to lease the property just as it sits as an income producer or make the upgrades to the property as a destination in this 2nd largest town in Fauquier County. Horse country, rolling hills, open spaces, wineries, and quaint small-town living add to the lure of Marshall. There are many possibilities to complement existing businesses. Tourists drive by heading to Skyline Drive or commuters return home from a busy day in Northern Virginia.

INVESTMENT OPPORTUNITY as an income-producing property or Owner-Operator with income offset owner business.

"Marshall Town" (M-T) zoning is more flexible for Main Street towns combining commercial with residential to create a "downtown" environment. The building is 5422sf on an approx .58 acre lot. The new easement is 10ft walking path along the western property line for the new homes to access Main Street making this property a prime location. The retail front commercial space +/-2200sf with all the back units space for storage, offices and staff space totals +/-3000sf. The remaining square footage is historically residential apartments with annual leases.

The current zoning is Marshall Town that combines commercial space (vacant 2200sf), and residential units (tenants with annual leases - 100% occupied). The commercial units are currently on the market for lease. CURRENT Residential & Commercial leasing options: Apt 2 MLS#VAFQ2014586 & Retail store front +/-2200sf MLS#VAFQ2010950. All
other space leased.

The store tenant historically been retail and office space. The tenant has paid electricity and a CAM payment monthly (trash & WSA). Residential Tenants pay metered electricity and communication expenses. The Landlord's expenses are water/sewer, trash, taxes, and insurance.

The property sold is "AS IS" and subject to all residential and commercial leases.

VAFQ2014738

MLS ID

November 18, 2024

Listed

December 24, 2024

Updated

Map

8414 W Main St
Marshall VA, 20115

Interior Features

Total Stories

2


Interior Features

Ceramic Tile, Wood


Appliances

Electric Water Heater


Floor Description

Ceramic Tile, Wood


Fireplace

No


Cooling

Yes


Cooling Description

Central Air


Heating

Yes


Heating Description

Baseboard, Electric

Exterior/Building Features

Lot Size

0.57 Acres


Roof

Metal


Sewer

Public Sewer

Other Property Details

Taxes

$4,563


Tax Frequency

Annually


Days on Market

37


Garage

No


Parking

On Street


Parking Total

26


View

Yes


View Description

Street


County

FAUQUIER


Water Source

Public


Pool

No


Zoning

Marshall Town

Listed by God & Country Real Properties
Listing Contact: 5714691068 

The IDX display contains information sourced from the Bright MLS, Inc. as of 12/24/2024. This data is intended solely for personal, non-commercial use and is not to be utilized for any other purposes except to identify potential properties for purchase. Although the MLS data displayed is typically considered reliable, it is not guaranteed to be accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and are advised to conduct their own investigations or seek professional assistance. Other sources besides the Listing Agent may have contributed to the MLS data presented. Unless expressly specified in writing, the Broker/Agent has not confirmed any information obtained from external sources. The Broker/Agent may or may not have acted as the Listing and/or Selling Agent and cannot guarantee the accuracy of property locations displayed on any map. Any compensation offers are solely made to participants of the MLS where the listing is registered.

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Data last updated on 12/24/2024 at 7:41 PM UTC

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