PRICE REDUCED Two story fully leased commercial property located in Downtown Winchester; two blocks away from the walking Mall and the Government center. The property is currently leased to a retail tenant. This property is now Residential over Commercial to one tenant. Office or Retail allowing for many lease opportunities in the future. The floorplans are well laid out for multiple tenants as well. The current tenant has entered into a three year lease with a three year option in June of 2023 and agreed to 3% rent increases per year. The building is 1,779 Sq Ft on two floors. Former price of $275,500 reduced to $258,000.00 and a solid 8% CAP rate!!
MLS# | VAWI2004400 |
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Listing Type | For Sale |
Sub-Type | Resale |
Status | Active |
Year | 1900 |
Days On Site | 368 |
Listing Provided By | Commercial Specialists | JOHN W COONTZ |
SQ Feet | 1,779 |
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Zoning | B1 |
Acreage | 0.08 |
State | VA |
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County | Winchester City |
City | Winchester |
Zip Code | 22601 |
School District | Winchester City Public Schools |
Listing VS Median (in 22601) | |
Price: $258,000 low | high Med: $349,500 SqFt: 1,779 low | high Med: 1,401 $ / SqFt: $145 low | high Med: $250 On Site: 368 low | high Med: 46 |