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