8414 W MAIN ST Marshall, VA 20115
5,422 SqFt
UPDATED:
12/02/2024 03:18 PM
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
Square Footage 5,422 sqft
Price per Sqft $258
Subdivision Marshall
MLS Listing ID VAFQ2014738
Originating Board BRIGHT
Year Built 1929
Annual Tax Amount $4,563
Tax Year 2022
Lot Size 0.570 Acres
Acres 0.57
Property Description
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 (vacant 2200sf), and residential units (tenants with annual leases - 100% occupied). The commercial units are currently on the market for lease. CURRENT Residential & Commercial leasing options: Apt 2 MLS#VAFQ2014586 & Retail store front +/-2200sf MLS#VAFQ2010950. All
other space leased.
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 all residential and commercial leases.
Location
State VA
County Fauquier
Zoning MT
Interior
Hot Water Electric
Heating Heat Pump(s), Baseboard - Electric
Cooling Central A/C
Flooring Ceramic Tile, Wood
Heat Source Electric
Exterior
Garage Spaces 26.0
Utilities Available Phone Available, Cable TV Available
Water Access N
View Street
Roof Type Metal,Pitched
Street Surface Paved,Access - On Grade
Accessibility 2+ Access Exits, Level Entry - Main
Road Frontage Public, State, Easement/Right of Way
Total Parking Spaces 26
Garage N
Building
Lot Description Road Frontage, Rear Yard
Foundation Block
Sewer Public Sewer
Water Public
New Construction N
Schools
Elementary Schools Coleman
Middle Schools Marshall
High Schools Fauquier
School District Fauquier County Public Schools
Others
Tax ID 6969-58-0236
Ownership Fee Simple
SqFt Source Estimated
Security Features Smoke Detector,Main Entrance Lock
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Cash,Conventional
Special Listing Condition Standard
