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8414 W Main Street

MARSHALL, VA 20115
  • $1,200,000
  • STATUS: Active
  • ON SITE: 30 Days
  • ID#: VAFQ2007112
UPDATED: 30 min ago
$1,200,000
  • 0
    BEDS
  • 0.57
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1929
County:

School Information

Elementary School:
Middle School:
High School:

Description

Excellent Investment Opportunity! Marshall Town property combines commercial space and multiple residential units. 100% occupied on approximately .57ac. Options abound for this property in this expanding area of the Northern Piedmont. Come out and see this Charming Main Street Community, the 2nd largest town in Fauquier County. Horse country, rolling hills, open spaces, wineries, and quaint small-town living add to the lure of Marshall. This gateway to Northern Piedmont is straight out from the DC area (59 miles from the Capital) with easy access off I66 with high tourist traffic located between exits 27-28 in Marshall VA. This property can be upgraded like many buildings in Marshall, or remain as is producing income. The building is 5422sf on an approx .57 acre lot (2022 went from .56ac to .42ac and restored back to .57ac - see attached documents). There is an easement being recorded (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 backspace totals +/-3000sf potential commercial space. The remaining sf is historically residential."Marshall Town" zoning is more flexible for Main Street towns combining commercial with residential to create a "downtown" environment. Current Use: general contractors office, retail store (Hemp Store with 3-year lease with 2 renewals - NN), and residential units (annual leases & one month to month). Store tenant pays a CAM payment monthly. Residential Tenants pay metered electricity and communication expenses. All tenants have insurance. The Landlord's expenses are water/sewer, trash, taxes, and insurance. With an NDA information about leases and finances can be released.The property sold is "AS IS" and subject to current residential and commercial leases. New vinyl flooring was added in two units with fresh paint (one to be done when the tenant decides to vacate - currently this contract was extended). Please contact listing agents to show. Thank you for your interest.

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©2023 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or RE/MAX Cornerstone Realty. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2023-01-26T19:51:13.177.
www.remaxcornerstoneva.com/homes/135600972
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8414 W Main Street MARSHALL, VA 20115

  • Price: $1,200,000
  • Status: Active
  • On Site: 30 Days
  • Updated: 30 min ago
  • ID#: VAFQ2007112
0
Beds
0
Baths
0
½ Baths
0.57
Acres
1929
Built
Neighborhood:
Marshall
County:
Fauquier
Elementary School:
Coleman
Middle School:
Marshall
High School:
Fauquier
School District:
Fauquier County Public Schools
Property Description
Excellent Investment Opportunity! Marshall Town property combines commercial space and multiple residential units. 100% occupied on approximately .57ac. Options abound for this property in this expanding area of the Northern Piedmont. Come out and see this Charming Main Street Community, the 2nd largest town in Fauquier County. Horse country, rolling hills, open spaces, wineries, and quaint small-town living add to the lure of Marshall. This gateway to Northern Piedmont is straight out from the DC area (59 miles from the Capital) with easy access off I66 with high tourist traffic located between exits 27-28 in Marshall VA. This property can be upgraded like many buildings in Marshall, or remain as is producing income. The building is 5422sf on an approx .57 acre lot (2022 went from .56ac to .42ac and restored back to .57ac - see attached documents). There is an easement being recorded (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 backspace totals +/-3000sf potential commercial space. The remaining sf is historically residential."Marshall Town" zoning is more flexible for Main Street towns combining commercial with residential to create a "downtown" environment. Current Use: general contractors office, retail store (Hemp Store with 3-year lease with 2 renewals - NN), and residential units (annual leases & one month to month). Store tenant pays a CAM payment monthly. Residential Tenants pay metered electricity and communication expenses. All tenants have insurance. The Landlord's expenses are water/sewer, trash, taxes, and insurance. With an NDA information about leases and finances can be released.The property sold is "AS IS" and subject to current residential and commercial leases. New vinyl flooring was added in two units with fresh paint (one to be done when the tenant decides to vacate - currently this contract was extended). Please contact listing agents to show. Thank you for your interest.
Exterior Features

Construction Materials Brick FrontCombinationBrickConcreteStuccoMixed Direction Faces South Garage YN No Location Type Downtown Lot Features Road FrontageRear Yard Other Equipment Some Parking Features Unassigned Parking Types DrivewayOn Street Property Condition Average Riparian Rights YN No Road Responsibility PublicStateEasement/Right Of Way Road Surface Type PavedAccess - On Grade Roof MetalPitched View Street Water Access YN No Water Oriented YN No Water View YN No Waterfront YN No

Interior Features

Basement YN No Building Area Total 5422.00 Building Features KitchenMeeting RoomsSignage AllowedDisplay Window Cooling Central A/C Fireplace YN No Flooring Ceramic TileWood Heating Heat Pump(S)Baseboard - Electric Heating YN Yes Leasable Area 5190 Net Square Feet 5422.00 Security Features Smoke DetectorMain Entrance Lock

Property Features

Accessibility Features 2+ Access ExitsLevel Entry - Main Annual Gross Expense 18224.00 Assessment Year 2022 Association YN No Business Type Restaurant/BarSupermarket/Grocery StoreMedicalApartment BuildingBanquet Facility/LodgeDay Care FacilityHair Salon And SpaOther/General RetailProfessionalReligious FacilityShopping CenterVet/KennelOther Central Air YN Yes Condo YN No Cooling Fuel Electric Current Use CommercialConvenience StoreMulti Residential Electric 120/240V Entry Level 1 Foundation Details Block Gross Income 96000.00 Heating Fuel Electric Hot Water Electric Internet Services Dsl Lease Considered YN Yes Navigable Water YN N Net Operating Income 77776.00 New Construction YN No Number Of Units Total 4 Operating Expense Includes InsurancePest ControlRepair/MaintenanceSewerTrashWater Original MLSNumber 802071443292 Owner Pays InsuranceTaxes - Real EstateRepairsSewerTrash CollectionWater Ownership Interest Fee Simple Possession SettlementSubject To Existing Lease Property Sub Type Mixed Use Sale Type Standard Sewer Public Sewer Tax Annual Amount 3994.00 Tax Assessment Amount 505260.00 Total Actual Rent 96000.00 Utilities Phone AvailableCable Tv Available Vacation Rental YN No Water Source Public Year Built Effective 2017 Zoning Mt Zoning Description Marshall Town - Mix Of Residential And Commercial UsesWith Storefronts And Other Business Uses Dominating The Street Frontage.

Listing courtesy of United Real Estate Horizon: .


©2023 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or RE/MAX Cornerstone Realty. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2023-01-26T19:51:13.177.
 
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