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8414 W Main StreetMarshall, VA 20115MLS Number VAFQ2008718

  • Price: $1,300,000
  • 14 Days on Market
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Federal 30-year interest rate: 6.79% last updated on Jun 1, 2023
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  • 0.57Acreage
  • 1929Year Built
  • 5,190Square Feet
  • MarshallUsmArea
INVESTMENT OPPORTUNITY as an income-producing property or Owner-Operator with income offset. 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 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. Marshall Town zoning (town overlay zoning) is more flexible allowing the property to combine commercial space and multiple residential units. 100% occupied on approximately .57ac. "Marshall Town" zoning is more flexible for Main Street towns combining commercial with residential to create a "downtown" environment. The building is 5422sf on an approx .57 acre lot. The new easement is 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 back historically commercial space totals +/-3000sf. The current retail tenant has all the commercial space. The remaining square footage is historically residential apartments with annual leases. The current zoning use of the commercial space is for a general contractor's office and a retail store with back office space (Hemp Store with 3-year lease with 2 renewals - NN), and residential units (tenants with annual leases). The store tenant pays 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 current residential and commercial leases. All VDOT & County documents have been finalized and recorded. A new property description is to be recorded in order to document the long history of the title corrections. Please inquire with questions and come see this property. Thank you for your interest.
Listed by Debbie Sue Pomeroy Cloud, United Real Estate Horizon

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

  • UsmAreaMarshall

Parking

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

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

  • 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

Basic Information

  • Broker NameUnited Real Estate Horizon
  • List Price$1,300,000
  • LocationTypeDowntown
  • MLS NumberVAFQ2008718
  • MLS Property TypeCommercial Sale
  • Price Per Square Foot240
  • 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

Tax Information

  • Tax Assessment Amount505260
  • Tax Year2021
  • Taxes$3,994
  • Total Taxes Payment FrequencySemi-Annually

Basic Information

  • Date Listed05/23/2023

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 Expense14000
  • Cap Rate6
  • Current UseCommercial, Convenience Store, Multi Residential
  • Gross Income95400
  • Gross Scheduled Income95400
  • Operating Expense IncludesInsurance, Pest Control, Repair/Maintenance, Sewer, Trash, Water
  • View Count2

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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 June 6, 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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