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Listed by Albert William Chipman III • Cres, Inc.
$ 710,000
Est. payment | /mo
3,049 Sqft Lot
$ 710,000
Est. payment | /mo
3,049 Sqft Lot
Key Details
Property Type Commercial
Sub Type Retail
Listing Status Under Contract
Purchase Type For Sale
MLS Listing ID VAFQ2013418
Year Built 1919
Annual Tax Amount $1,098
Tax Year 2022
Lot Size 3,049 Sqft
Acres 0.07
Lot Dimensions 82x37
Property Sub-Type Retail
Source BRIGHT
Property Description
A rare opportunity to acquire a mixed-use property in the heart of Old Town Warrenton. The top floor features a newly renovated photography studio operating under a 3-year lease, providing immediate rental income. The ground floor retail space—vacant and ready for occupancy—offers an excellent opportunity for an owner-user to establish their business in a prime, walkable location.
With both units leased, the property has the potential to generate a cap rate of over 10%, making it a compelling cash-flowing asset. Positioned on a prominent corner with dual entrances, this property suits investors seeking income stability or owner-operators looking to offset costs with rental revenue. Owner financing or lease-to-own options may be considered.
With both units leased, the property has the potential to generate a cap rate of over 10%, making it a compelling cash-flowing asset. Positioned on a prominent corner with dual entrances, this property suits investors seeking income stability or owner-operators looking to offset costs with rental revenue. Owner financing or lease-to-own options may be considered.
Location
State VA
County Fauquier
Zoning CB
Interior
Hot Water 60+ Gallon Tank
Heating Central
Cooling Multi Units
Heat Source Natural Gas
Exterior
Water Access N
Accessibility Doors - Swing In
Garage N
Building
Sewer Public Sewer
Water Public
New Construction N
Schools
School District Fauquier County Public Schools
Others
Tax ID 6984-43-0283-002
Ownership Fee Simple
Special Listing Condition Standard
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