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121 N Main St

WOODSTOCK, VA 22664
  • $775,000
  • STATUS: Active
  • ON SITE: 16 Days
  • ID#: VASH2003970
UPDATED: 45 min ago
$775,000
  • 0
    BEDS
  • 0.3
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Type:
Commercial
Built:
1900
County:

School Ratings & Info

Description

Mixed use investment property along Main Street, Downtown Woodstock, VA. Much of the heavy lifting has been done on this project. The exterior detailing on the front of this building is first class and period correct. The property is made up of two commercial leased spaces and 3 fully leased apartments on the second floor, while the third floor is your value add. The space is gutted with new windows, ready to add several apartments for additional income. The property has storage space and an open court yard that could be a great amenity to the project. Off street parking and on street parking are available. Current NOI is estimated at $51,000 or a 6.6% Cap Rate at $775,000! Below market rents and a third floor for expansion makes this a terrific value add opportunity for a savvy investor.

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©2022 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 LoCoMusings | Century 21 Redwood 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: 2022-08-07T14:00:08.58.
www.locomusings.com/homes/131130490
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121 N Main St WOODSTOCK, VA 22664

  • Price: $775,000
  • Status: Active
  • On Site: 16 Days
  • Updated: 45 min ago
  • ID#: VASH2003970
0
Beds
0
Baths
0
½ Baths
0.3
Acres
1900
Built
County:
Shenandoah
School District:
Shenandoah County Public Schools
Property Description
Mixed use investment property along Main Street, Downtown Woodstock, VA. Much of the heavy lifting has been done on this project. The exterior detailing on the front of this building is first class and period correct. The property is made up of two commercial leased spaces and 3 fully leased apartments on the second floor, while the third floor is your value add. The space is gutted with new windows, ready to add several apartments for additional income. The property has storage space and an open court yard that could be a great amenity to the project. Off street parking and on street parking are available. Current NOI is estimated at $51,000 or a 6.6% Cap Rate at $775,000! Below market rents and a third floor for expansion makes this a terrific value add opportunity for a savvy investor.
Exterior Features

Construction Materials Brick Garage YN No Lot Features Rear Yard Parking Features PrivateSurface Parking Types On StreetParking Lot Property Condition Very Good Riparian Rights YN No Roof Metal Water Access YN No Water Oriented YN No Water View YN No Waterfront YN No

Interior Features

Building Area Total 2263.00 Cooling Central A/C Heating Hot Water Heating YN Yes Net Square Feet 9938.00

Property Features

Accessibility Features 32"+ Wide Doors36"+ Wide HallsGrab Bars Mod Business Type Other/General RetailProfessionalOther Central Air YN Yes Cooling Fuel Electric Entry Level 1 Foundation Details Other Heating Fuel Propane - Leased Hot Water Electric Lease Considered YN No Navigable Water YN N Net Operating Income 51000.00 New Construction YN No Number Of Units Total 5 Original MLSNumber 801753119416 Ownership Interest Fee Simple Possession Immediate0-30 Days Cd Property Sub Type Mixed Use Sale Type Standard Sewer Public Sewer Tax Annual Amount 2927.00 Tax Assessment Amount 359600.00 Utilities Electric AvailablePropaneSewer AvailableWater Available Vacation Rental YN No Water Source Public Year Built Effective 2016 Zoning Commercial

Listing courtesy of Commercial Specialists.


©2022 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 LoCoMusings | Century 21 Redwood 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: 2022-08-07T14:00:08.58.
 
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Leesburg VA, 20176