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9550 James Madison HighwayWarrenton, VA 20186MLS Number VAFQ2008518

  • Sale Price: $650,000
  • 240 Days Since Sale
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9550 James Madison Highway Warrenton VA 20186
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  • 1.63Acreage
  • 2008Year Built
  • HighwayLocationType
  • 135Price Per Square Foot
Exceptional investment opportunity in a free-standing, brick commercial building priced to sell. This building features four distinctive suites (A-D) each with their unique layouts. The main floor units have 9-foot ceilings while the first floor units have 11 foot ceilings giving all the units an open and expansive feeling. Unit A, currently occupied by Merry Maids, is built out with a main office, bathroom, training room, back office, storage closet, and washing area. Unit B is being utilized as a real estate office. Unit D is home to White Top Auto, offering hardwood floors, a front seating area/smaller office, bathroom, and a large rear office. Units A, B, and D each have their distinct entrances, creating an exclusive feel for each tenant. Unit D has a side entrance as well other than the main stairwell inside. Unit C, currently vacant and carpeted, is built out as an office with a front seating area, bathroom, and a large office space. With a bit of vision, this unit could be the perfect spot for your future tenant or your own office. A noteworthy feature of the building is the potential for units C and D to be combined to create a larger space if needed. The versatility of this building is truly impressive, and a strategic asset in the commercial leasing market. The building stands on a parking lot with ample space for up to 20 vehicles. It has been maintained meticulously inside and out, offering a welcoming atmosphere for any business. Each unit is metered separately for electricity and features four Trane exterior compressors. The building is serviced by well water and a septic system. With a steady monthly NOI of $3970, this commercial building is a fantastic revenue-generating property awaiting its new owner.
Listed by RUCHI KAPANI, CENTURY 21 New Millennium

Listing Sold by CENTURY 21 New Millennium

Driving Directions

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

More Info

Location Information

  • UsmAreaWarrenton

Parking

  • Parking FeaturesPaved Parking, Surface
  • Parking TypesParking Lot

Basic Information

  • Date Listed05/10/2023

Location

  • Address9550 James Madison Highway
  • Building Number9550
  • CountyFauquier
  • DirectionsFrom 66 take 29 South to property on the right.
  • StateVA
  • TownWarrenton
  • Zip20186

Interior

  • Door FeaturesDouble Entry
  • FlooringHardwood, Carpet

Exterior

  • RoofHip, Asphalt

Utilities

  • Central Air YNYes
  • CoolingCentral A/C
  • Cooling FuelElectric
  • Electric120/240V
  • Electric Average Monthly100
  • Heat SystemHeat Pump(s)
  • Heating FuelElectric
  • Heating YNYes
  • SewerOn Site Septic
  • Water HeaterBottled Gas
  • Water SourceWell

Basic Information

  • Broker NameCENTURY 21 New Millennium
  • List Price$675,000
  • LocationTypeHighway
  • MLS NumberVAFQ2008518
  • MLS Property TypeCommercial Sale
  • Price Per Square Foot135
  • Sale Date10/03/2023
  • Sale Price$650,000
  • Security FeaturesMain Entrance Lock
  • StatusSLD
  • Units4

Property

  • Acreage1.63
  • Business TypeProfessional
  • Common Area Maintenance11700
  • Lot Description
    • Adjoins - Open Space
    • Backs to Trees
    • Cul-de-sac
    • Landscaping
    • No Thru Street
    • Partly Wooded
    • Private
    • Road Frontage
    • Trees/Wooded
  • Lot Size SourceAssessor
  • Lot Size Square Feet70,955
  • New Construction YNN
  • Property ConditionExcellent
  • Property SubTypeOffice
  • Road Frontage Length362
  • Road ResponsibilityPrivate
  • Road Surface TypeBlack Top, Paved
  • ZoningC2
  • Zoning DescriptionOffice - freestanding businesses where automobile access is the norm.

Tax Information

  • Assessment Year2022
  • City Town Tax Payment FrequencyAnnually
  • County Tax$5,392
  • County Tax Payment FrequencyAnnually
  • Tax Assessment Amount$711,400
  • Tax Lot2
  • Tax Year2022
  • Taxes$6,424
  • Total Taxes Payment FrequencyAnnually

Building

  • Building Area SourceEstimated
  • Building Area Total5000
  • Construction MaterialsConcrete, Brick Veneer, Frame
  • Entry Level1
  • FoundationSlab
  • Stories2
  • Total Garage And Parking Spaces20
  • Total Restrooms4
  • Year Built2008

Amenities

  • Accessibility AmenitiesLevel Entry - Main

Other

  • Annual Gross Expense20760
  • BuyerfinancingOther
  • Cap Rate7
  • Gross Scheduled Income68400
  • Operating Expense1730
  • Operating Expense IncludesLandscaping, Repair/Maintenance, Snow Removal, Water, Sewer, Insurance, Trash, Electric
  • Other EquipmentNegotiable
  • Soil TypesUnknown
  • Vacancy Allowance Rate7
  • View Count8

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Copyright 2024 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 May 30, 2024. 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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