• 588 days on site
  • 5 views

MIXED-USE / INCOME-PRODUCING INVESTMENT OPPORTUNITY as an income-producing property - 6 total units. Commercial & Residential. 100% occupied. 7.5 CAP. 4% annual escalations. It has it all, existing income, occupancy and appreciation potential from gradual growth. Marshall is a charming small town with new business development and Van Metre's new homes (400+). Excellent Investment Opportunity on 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. This county prides itself on keeping development in its gradual growth areas and village/townships. The focus is ensuring the lifestyle of Northern Piedmont. 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. 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 (just started 2nd year of 3-year-lease with renewal - 2200sf), and residential units (tenants with annual leases - 100% occupied). The store tenant is retail store (opening soon - Popcorn Monkey & Badass Pickles 2026) and commercial kitchen (in production since early 2025). The tenant pays a portion of electricity as a CAM payment monthly with trash & WSA. Residential Tenants pay metered electricity and communication expenses. The Landlord's expenses are water/sewer, trash, taxes, & insurance. The property sold is AS IS and subject to all residential and commercial leases. Owner will negotiate, some. Price is firm.

Source: BRIGHT MLS, MLS#: VAFQ2014738

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  • Property Type
    Commercial Sale
  • Lot
    0.57 acres

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Susan Pender

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  • Median Age
    40
  • Population Density
    82
  • College Educated
    46%
  • Estimated Median Income
    $111,705
  • Estimated Total Home Owners
    1,740
  • Estimated Total Renters
    898
  • Owner / Renter Divide
    66% / 34%
  • Estimated Average Household Size
    3
  • Total Population
    7,838
  • Community data courtesy of LiveBy, Inc.

Owning this Home

$
$ %
%
* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

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  • Skip Templeton
  • RW Towne Mortgage
  • Vice President | Mortgage Loan Officer
  • (757) 287-1902

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Life at 8414 W MAIN STREET


Schools


School data courtesy of LiveBy, Inc.
Ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating. The schools displayed on this website are for informational purposes only and may not represent a complete or up-to-date list. School assignments are subject to change and should be verified directly with the local school district. Please contact the appropriate school district to confirm school zoning and enrollment eligibility for this property.

History

Date Event Value Agent
12/3/2024Source: BRIGHT MLS Added to Database
August 10, 2021
12/3/2024Source: BRIGHT MLS Added to Database
November 18, 2024
Listing provided courtesy of God & Country Real Properties- MLS# VAFQ2014738MLS ProviderContact Information: [email protected] - 5406803168

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