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8414 W Main StreetMarshall, VA 20115MLS Number VAFQ2007112

  • Price: $1,200,000
  • 32 Days on Market
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Federal 30-year interest rate: 6.13% last updated on Jan 26, 2023
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  • 0.57Acreage
  • 1929Year Built
  • 5,190Square Feet
  • DowntownLocationType
Excellent Investment Opportunity! 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 the 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 income. The building is 5422sf on an approx .57 acre lot (2022 went from .56ac to .42ac and restored back to .57ac - see attached documents). There is an easement being recorded (10ft walking path) 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 potential 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 & one month to month). Store tenant pays a CAM payment monthly. 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 to be done when the tenant decides to vacate - currently this contract was extended). Please contact listing agents to show. Thank you for your interest.
Listed by Debbie Sue Pomeroy Cloud, United Real Estate Horizon

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Yeonas & Shafran Real Estate, LLC
Yeonas & Shafran Real Estate, LLC
Office: 703-790-3330
1309 Vincent Pl
McLean, VA 22101

More Info

Basic Information

  • Broker NameUnited Real Estate Horizon
  • List Price$1,200,000
  • LocationTypeDowntown
  • MLS NumberVAFQ2007112
  • MLS Property TypeCommercial Sale
  • Price Per Square Foot221
  • Security FeaturesSmoke Detector, Main Entrance Lock
  • StatusACT
  • Units4

Property

  • Acreage0.57
  • Business TypeRestaurant/Bar, Supermarket/Grocery Store, Medical, Apartment Building, Banquet Facility/Lodge, Day Care Facility, Hair Salon and Spa, Other/General Retail, Professional, Religious Facility, Shopping Center, Vet/Kennel, Other
  • Lot DescriptionRoad Frontage, Rear Yard
  • Lot Size SourceEstimated
  • Lot Size Square Feet24,829.2
  • Property ConditionAverage
  • Property SubTypeMixed Use
  • Road Frontage Length127
  • Road ResponsibilityPublic, State, Easement/Right of Way
  • Road Surface TypePaved, Access - On Grade
  • ZoningMT
  • Zoning DescriptionMarshall Town - Mix of residential and commercial uses, with storefronts and other business uses dominating the street frontage.

Tax Information

  • Assessment Year2022
  • Tax Assessment Amount505260
  • Tax Year2021
  • Taxes$3,994
  • Total Taxes Payment FrequencyAnnually

Building

  • Building Area SourceAssessor
  • Building Area Total5422
  • Building FeaturesKitchen, Meeting Rooms, Signage Allowed, Display Window
  • Construction MaterialsBrick Front, Combination, Brick, Concrete, Stucco, Mixed
  • Entry Level1
  • FoundationBlock
  • Garage Spaces
  • Num Attached Garage Spaces
  • Num Detached Garage Spaces
  • Stories2
  • Total Garage And Parking Spaces26
  • Total Restrooms6
  • Year Built1929
  • Year Built Effective2017

Property Information

  • Square Feet5,190

Amenities

  • Accessibility Amenities2+ Access Exits, Level Entry - Main
  • Other AmenitiesHorse Property

Other

  • Annual Gross Expense18224
  • Cap Rate6
  • Current UseCommercial, Convenience Store, Multi Residential
  • Gross Income96000
  • Gross Scheduled Income96000
  • Operating Expense IncludesInsurance, Pest Control, Repair/Maintenance, Sewer, Trash, Water
  • Other EquipmentSome
  • Sale or LeaseYes

Parking

  • Assigned Parking Spaces
  • Parking FeaturesUnassigned
  • Parking TypesDriveway, On Street

Basic Information

  • Date Listed12/26/2022

Location

  • Address8414 W Main Street
  • Building Number8414
  • CountyFauquier
  • Direction FacesSouth
  • DirectionsFrom Washington DC - head west to Exit 28 - Marshall turning right on Winchester Road heading north. At the stop light in Marshall, turn left onto West Main Street (Leckner Ford, BBT & 7-11) Head through town to the west side of town. 8414 is on the rig
  • StateVA
  • SubdivisionMarshall
  • TownMarshall
  • Zip20115

Interior

  • Clear Span Ceiling Height8' to 10'
  • FlooringCeramic Tile, Wood

Exterior

  • RoofMetal, Pitched

Utilities

  • Central Air YNYes
  • CoolingCentral A/C
  • Cooling FuelElectric
  • Electric120/240V
  • Heat SystemHeat Pump(s), Baseboard - Electric
  • Heating FuelElectric
  • Heating YNYes
  • Internet ServicesDSL
  • SewerPublic Sewer
  • UtilitiesPhone Available, Cable TV Available
  • Water HeaterElectric
  • Water SourcePublic

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Copyright 2023 BRIGHT, All Rights Reserved.  Information Deemed Reliable But Not Guaranteed. The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which Yeonas & Shafran Real Estate participates, and is provided by BRIGHT through a licensing agreement. The information provided by this website is for the personal, non-commercial use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.Data last updated January 27, 2023. Some properties which appear for sale on this website may no longer be available because they are under contract, have Closed or are no longer being offered for sale.

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