51 E Lee St - Storefront Retail/Office FOR SALE


Warrenton, VA 20186
$1,200,000 USD
540-347-2610
51 E Lee St, Warrenton, VA for Sale
$1,200,000 USD
Storefront Retail/Office - FOR SALE
1/37
null | 7.7% Cap Rate

51 E Lee St
Warrenton, VA 20186


HIGHLIGHTS

  • Two separate tenants, both on longer-term leases with fixed 3% annual rent escalations — contractual, built-in NOI growth
  • 7.7% cap rate in place, escalating into the 8%+ range within two years on the strength of the scheduled increases
  • Both units separately metered — clean expense separation for a two-tenant hold
  • Condominium structure (single shared wall) — standalone character with reduced common-area obligations
  • High-visibility E. Lee Street location with strong street presence and signage
  • Turnkey, fully-leased asset — passive income from day one

OVERVIEW

Rare opportunity to acquire a fully-leased, income-producing investment property with two established tenants on longer-term leases. This 6,200± SF building is structured as a condominium, sharing only a single party wall — giving an owner the privacy and standalone feel of a freestanding building with a lighter exterior maintenance burden. Both units are separately metered. Ground Floor — 4,600± SF Salon & Spa The main level pairs historic character with a full-service buildout: original wide-plank hardwood floors, exposed brick, and generous natural light. The space includes multiple wash/styling stations, four private massage/spa treatment rooms, a dedicated nail studio, a private main office, break room, in-unit washer and dryer, three restrooms, and two rear entrances for staff and service access. Second Floor — Professional Office Suite A private second-floor office with its own first-floor entrance and street-facing signage. Inside: three private offices, a large conference room, kitchenette, restroom, and two separate points of entry — well suited to a professional firm that values a discreet, dedicated setting.

FOR SALE DETAILS

PRICE

$1,200,000 USD

PRICE/SF

$194 USD /SF

CAP RATE

7.7%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1919

SPRINKLERS

-

PARKING SPACES

10

LAND DETAILS

LAND ACRES

0.11 AC

LAND SF

4,792 SF

ZONING

CBD

APN/PARCEL ID

6984-43-0283-001,6984-43-0283-003

ASK ABOUT THIS PROPERTY

Nick FallowsCRES Inc.More Info
540-347-2610

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Nick FallowsCRES Inc.More Info
540-347-2610

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