1359 Berryville Ave - Storefront FOR SALE


Winchester, VA 22601
$1,500,000 USD
540-974-3927
1359 Berryville Ave, Winchester, VA for Sale
$1,500,000 USD
Storefront - FOR SALE
1/14
null | 5.53% Cap Rate

1359 Berryville Ave
Winchester, VA 22601


HIGHLIGHTS

  • Outstanding 1031 Replacement Property
  • 7 Years Remaining On Lease
  • Annual Lease Increases, NNN Lease

OVERVIEW

Excellent 1031 opportunity in Winchester, Virginia. This interstate commercial property is strategically located immediately off I-81, Exit 315, and is leased with over seven years remaining on the current term. Key highlights include NOI: Currently $83,000 per year.Tenant: A good credit tenant is in place, responsible for real estate taxes and insurance. Property Condition: The building is in excellent condition and is located next to a Five Guys restaurant. Previous Use: The property was previously a restaurant and still has an intact kitchen. This is a prime investment in Virginia's fastest-growing community, offering an unbeatable location and market. Asking price for this occupied property with a good-standing tenant is $1.5 million.

FOR SALE DETAILS

PRICE

$1,500,000 USD

PRICE/SF

$292 USD /SF

CAP RATE

5.53%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

ADD'L SUBTYPES

Freestanding, Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1984

SPRINKLERS

-

PARKING SPACES

60

LAND DETAILS

LAND ACRES

1 AC

LAND SF

43,560 SF

ZONING

B2

APN/PARCEL ID

197-02-7A2

ASK ABOUT THIS PROPERTY

Gillian GreenfieldGreenfield CommercialMore Info
540-974-3927

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Gillian GreenfieldGreenfield CommercialMore Info
540-974-3927

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.