5890 Valley Pike - Specialty FOR SALE


Stephens City, VA 22655
$1,500,000 USD
540-504-0786
5890 Valley Pike, Stephens City, VA for Sale
$1,500,000 USD
Specialty - FOR SALE
1/6
null | Request Cap Rate

5890 Valley Pike
Stephens City, VA 22655


HIGHLIGHTS

  • Great High Visibility Location on Main Thoroughfare
  • 10.16 Acres Zoned B-2
  • Two Screens, Playground for Children, 380 Drive-in Speakers

OVERVIEW

Family Drive-in Theatre is presently leased to an out-of-state tenant. The current lease expires on December 31, 2025. The current tenant has a provision in their lease for a thirty (30) day first right of refusal. Once a contract to purchase is received, the current tenant has thirty (30) days to match the pending offer. The present zoning is Frederick County B-2 – General Business District. The land area consists of 10.16 acres or 442,570 square feet. There is an existing concession building/snack bar with two projection rooms. The floor area of the subject building is 1,686 SF. There are two existing drive-in theatre screens. Screen 1 is 84 ft. by 60 ft. Screen 2 is approximately 50 ft by 35 ft. There are 380 drive-in speakers on 4 ft. poles with 2 speakers per pole. There is an existing children’s playground. The existing digital projection equipment is owned by the current theatre operating company with headquarters in Texas. A new purchaser who is interested in operating the drive-in theatre would need to invest in the very expensive state-of- the-art digital projection equipment now required to screen all movies.

FOR SALE DETAILS

PRICE

$1,500,000 USD

PRICE/SF

$1,142 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

-

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

5890 Valley Pike Family Drive in Theater

PROPERTY TYPE

Specialty

ADD'L SUBTYPES

Drive In Movie

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

1960

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

10.16 AC

LAND SF

442,570 SF

ZONING

B2

APN/PARCEL ID

85A-46A

ASK ABOUT THIS PROPERTY

Paige ManuelOakCrest Commercial Real EstateMore Info
540-504-0786

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Paige ManuelOakCrest Commercial Real EstateMore Info
540-504-0786

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