$239.76 Per Sq Foot $6,979 est/mo Sourced by Back At You

8414 W Main St,Marshall, VA 20115

Marshall VA, 20115

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Description

LOCATION is key. Marshall is a charming small town that is going through a renaissance with new business development and Van Metre's new homes (400+). Excellent Investment Opportunity in a growing town with the revitalization of 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 (vacated), and residential units (tenants with annual leases). The commercial units are currently on the market for lease. Residential Commercial leasing options: Retail store front +/-2200sf MLS#VAFQ2010950 & Unit 4 Retail/back office/efficiency +/- 450sf MLS#VAFQ2010952. 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 any current residential and commercial leases. Please inquire with questions and come see this property. Thank you for your interest.

Details

MLS#VAFQ2010944
Listing TypeFor Sale
Sub-TypeResale
StatusActive
Year1929
Days On Site154
Listing Provided ByGod & Country Real Properties | Debbie Sue Pomeroy Cloud

Features

SQ Feet5,422
ZoningM-T
Acreage0.57
Property ViewYes

Market Activity 20115

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Listings Checked: 18 minutes ago
StateVA
CountyFauquier
CityMarshall
Zip Code20115
Community NameMarshall
School DistrictFauquier County Public Schools
Elementary SchoolColeman
Middle SchoolMarshall
High SchoolFauquier
Listing VS Median (in Marshall)
Price:
$1,300,000
low | high
Med:
$470,000
100% of Average
SqFt:
5,422
low | high
Med:
2,240
100% of Average
$ / SqFt:
$240
low | high
Med:
$210
62.488324175824% of Average
On Site:
154
low | high
Med:
71.000000
100% of Average
Sourced by Back At You
Listing Updated: May 17, 2024 at 8:45:08 PM PDT