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219, 215, 231, 235 & 239 South StreetFront Royal, VA 22630MLS Number VAWR2006532

  • Price: $4,975,000
  • 30 Days on Market
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Federal 30-year interest rate: 7.22% last updated on Nov 30, 2023
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  • 1.88Acreage
  • 1998Year Built
  • 239Price Per Square Foot
  • 2022Tax Year
Great investment opportunity for this entire retail shopping center with over 20,000 leased square feet on 1.88 acres * Its 100% occupancy indicates a stable and established asset with various tenants encompassing restaurants, offices, medical facilities, and retail outlets, each separately metered. The strategic advantage of the property lies in its prime location on a main thoroughfare, offering five separate entrances to a sizable parking lot accommodating over 100 cars * Also includes an adjoining single family house * Only 1 mile to the entrance of Skyline Drive & Shenandoah National Park * The combination of a fully occupied shopping center, diverse tenant mix, strategic location with excellent transport links, and the town's affordability in comparison to larger cities positions this property as a highly desirable investment opportunity in a growing market.
Listed by John W Cantrell, RE/MAX Real Estate Connections

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Yeonas & Shafran Real Estate, LLC

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

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Location Information

  • UsmAreaFront Royal

Parking

  • Parking TypesParking Lot

Basic Information

  • Date Listed11/01/2023

Building

  • Building Area SourceEstimated
  • Building Area Total20800
  • Construction MaterialsBrick
  • Total Garage And Parking Spaces100
  • Year Built1998
  • Year Built Effective2022

Utilities

  • Central Air YNYes
  • CoolingCentral A/C
  • Cooling FuelElectric
  • Heat SystemHeat Pump(s)
  • Heating FuelElectric
  • Heating YNYes
  • SewerPublic Sewer
  • Water HeaterElectric
  • Water SourcePublic

Basic Information

  • Broker NameRE/MAX Real Estate Connections
  • List Price$4,975,000
  • LocationTypeFree Standing
  • MLS NumberVAWR2006532
  • MLS Property TypeCommercial Sale
  • Price Per Square Foot239
  • StatusACT

Property

  • Acreage1.88
  • Business TypeShopping Center
  • Lot Size SourceEstimated
  • Lot Size Square Feet81,892.8
  • New Construction YNN
  • Property ConditionExcellent
  • Property SubTypeRetail
  • ZoningCOMMERCIAL
  • Zoning DescriptionIncludes the SOUTH TOWNE CENTER retail shopping center PLUS separate residential property

Other

  • Other EquipmentSee Remarks
  • View Count1

Tax Information

  • Tax Assessment Amount$2,076,800
  • Tax Year2022
  • Taxes$10,176
  • Total Taxes Payment FrequencyAnnually

Location

  • Address219, 215, 231, 235 & 239 South Street
  • Building Number219,215,231,235 & 239
  • CountyWarren
  • Directions66 West Linden Exit, L at light to R on John Marshall into Front Royal to South Towne Center on left
  • In City Limits YNYes
  • StateVA
  • SubdivisionNone Available
  • TownFront Royal
  • Zip22630

Amenities

  • Accessibility AmenitiesOther

Legal

  • PossessionSettlement
  • Sale TypeStandard

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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 December 1, 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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