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8414 W Main StreetMarshall, VA 20115MLS Number VAFQ2010944

  • Price: $1,300,000
  • 154 Days on Market
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Federal 30-year interest rate: 7.02% last updated on May 16, 2024
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  • 0.57Acreage
  • 1929Year Built
  • MarshallUsmArea
  • DowntownLocationType
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.
Listed by Debbie Sue Pomeroy Cloud, God & Country Real Properties

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

  • Parking FeaturesUnassigned
  • Parking TypesDriveway, On Street

Basic Information

  • Date Listed12/19/2023

Location

  • Address8414 W Main Street
  • Building Number8414
  • CountyFauquier
  • 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 right/north side of Main Street.
  • StateVA
  • SubdivisionMarshall
  • TownMarshall
  • Zip20115

Exterior

  • RoofMetal, Pitched

Amenities

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

Basic Information

  • Broker NameGod & Country Real Properties
  • List Price$1,300,000
  • LocationTypeDowntown
  • MLS NumberVAFQ2010944
  • MLS Property TypeCommercial Sale
  • Price Per Square Foot240
  • Security FeaturesSmoke Detector, Main Entrance Lock
  • StatusACT
  • Units4

Property

  • Acreage0.57
  • Business TypeApartment Building, Convenience Store/Gas, Day Care Facility, Garden Center, Medical, Other/General Retail, Professional, Religious Facility, Restaurant/Bar, Supermarket/Grocery Store, Vet/Kennel, Other
  • Lot DescriptionRoad Frontage, Rear Yard
  • Lot Size SourceEstimated
  • Lot Size Square Feet24,829.2
  • New Construction YNN
  • Property ConditionAverage
  • Property SubTypeMixed Use
  • Road Frontage Length127
  • Road ResponsibilityPublic, State, Easement/Right of Way
  • Road Surface TypePaved, Access - On Grade
  • ZoningM-T
  • Zoning DescriptionMarshall Town

Tax Information

  • Assessment Year2022
  • City Town Tax Payment FrequencyAnnually
  • Tax Assessment Amount$505,260
  • Tax Year2022
  • Taxes$4,563
  • Total Taxes Payment FrequencySemi-Annually

Building

  • Building Area SourceEstimated
  • Building Area Total5422
  • Construction MaterialsBrick Front, Combination, Brick, Concrete, Stucco, Mixed
  • Entry Level1
  • FoundationBlock
  • Stories2
  • Total Garage And Parking Spaces26
  • Year Built1929

Interior

  • FlooringCeramic Tile, Wood

Utilities

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

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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 20, 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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