$1,300,000

8414 W Main St, Marshall, 20115

MLS Number: Vafq2010944
Standard Status: Active
Community: Marshall
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.

Contact Mike McCarthy

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Exterior Features

View
Street
Construction Materials
Brick Front, combination, brick, concrete, stucco, mixed
Foundation Details
Block
Parking Features
Unassigned
Roof
Metal, pitched

Interior Features

Heating
Heat Pump(s), baseboard - Electric
Heating Fuel
Electric
Cooling
Central A/c
Hot Water
Electric
Flooring
Ceramic Tile, wood

Additional Details

Acres
0.57
Year Built
1929
New Construction
No
Property Type
Commercial Sale
County
Fauquier

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