Address
8414 W Main Street, Marshall, VA
Price
$ 1,300,000
Property Attributes
- MLS#VAFQ2010944
- TypeCommercial
- CountyFAUQUIER
- CityMarshall
- NeighborhoodMarshall
- Zip20115
- StyleApartment Building,Convenience Store/Gas,Day Care
- Year Built1929
- Taxes$ 4563
- Price$ 1,300,000
- Bedrooms0
- Full Bathrooms0
- Half Bathrooms0
- Sqr Footage5422
- Lot Size0.57 Acres
Data Source:
Bright MLS
Property Description
LOCATION - LOCATION - LOCATION 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.
| Price History | |
|---|---|
| 12/19/2023 | Listed $1,300,000 |
General Features
| Sewer | Public Sewer |
|---|---|
| Heating | Heat Pump(s),Baseboard - Electric |
| Cooling | Central A/C |
| Utilities | Phone Available,Cable TV Available |
| Possession | Settlement,Subject to Existing Lease |
| Roof | Metal,Pitched |
| Zoning | M-T |
| Security Features | Smoke Detector,Main Entrance Lock |
| Construction Materials | Brick Front,Combination,Brick,Concrete,Stucco,Mixed |
| Year Built | 1929 |
| Electric | 120/240V |
| View | Street |
| Property SubType | Mixed Use |
| Tax Year | 2022 |
| Percent Ownership | Fee Simple |
| Cool Fuel | Electric |
| Business Type | Apartment Building,Convenience Store/Gas,Day Care Facility,Garden Center,Medical,Other/General Retail,Professional,Religious Facility,Restaurant/Bar,Supermarket/Grocery Store,Vet/Kennel,Other |
| Accessibility | 2+ Access Exits,Level Entry - Main |
| County | FAUQUIER |
| New Construction | No |
| Property Type | Commercial Sale |
| Subdivision Name | MARSHALL |
| Possible Use | Apartments,Bar/Tavern/Lounge,Commercial,Clothing,Convenience Store,Florist/Nursery,Food & Beverage,Food Market,Investment,Medical/Dental,Multi-Family,Professional Service,Residential,Restaurant,Retai |
| Water Access Y/N | No |
| Property Use | Investment |
| Status | ACTIVE |
| Directions | From 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 thro |
| ModificationTimestamp | 2024-01-30T18:06:05 |
| City | MARSHALL |
| Buyer Agent Compensation | 3 |
| Disclosures | Lead Based Paint - Federal,Lead Based Paint - State,Under Lease |
| Zoning Description | Marshall Town |
| Total Units | 4 |
| Lot Size Square Feet | 24829.20 |
| Tax Assessed Value | 505260.0 |
| Waterfront Y/N | No |
| Street Name | MAIN |
| Tax Annual Amount | 4563.0 |
| Property Condition | Average |
| Price Per Sq Ft | 239.76 |
| Acceptable Financing | Cash,Conventional |
| Lease Considered Y/N | No |
| Vacation Rental Y/N | No |
| Days on Market | 134 |
| Location Type | Downtown |
| Standard Status | Active |
| Year Built Source | Estimated |
| Buyer Agent Compensation Type | % Of Gross |
| Association Recreation Fee | No |
Interior Features
| Heating Fuel | Electric |
|---|---|
| Flooring | Ceramic Tile,Wood |
| Hot Water | Electric |
| Total Stories | 2 |
| Heating Y/N | Yes |
| Street Suffix | STREET |
| Central Air Y/N | Yes |
| Entry Level | 1 |
Exterior Features
| Parking Features | Unassigned |
|---|---|
| Lot Features | Road Frontage,Rear Yard |
| Water Source | Public |
| Total Parking Spaces | 26 |
| Type of Parking | Driveway,On Street |
| Foundation Details | Block |
| Water View Y/N | No |
| Building Area Total | 5422.00 |
| Lot Size Acres | 0.57 |
| Road Surface Type | Paved,Access - On Grade |
| Road Frontage Length | 127 |
| Lot Size Units | Square Feet |
| Lot Size Source | Estimated |
| Road Responsibility | Public,State,Easement/Right of Way |
| Land Assessed Value | 243500.00 |
| Navigable Water Y/N | No |
| Water Oriented Y/N | No |
| Car Parking Spaces | 24 |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Commercial Average in 20115
Price
Taxes
Visits
Year Built
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