2640 Valley Avenue

    WINCHESTER, VA 22601
    • $2,650,000
    • STATUS: Active Under Contract
    • ON SITE: 174 days
    • ID#: VAWI112586
    Under Contract
    UPDATED: 22 min ago
    $2,650,000
    • 0
      BEDS
    • 1.61
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 30,000
      SQFT
    • $88
      $/SQFT
    Type:
    Commercial
    Built:
    1962
    County:

    School Ratings & Info

    Description

    Whale of An Investment Opportunity! 20 meticulous and spacious 1-bedroom apartment units PLUS 15,000 SF of retail on busy Valley Avenue, Winchester. Almost all units have recently been renovated top to bottom with new vinyl flooring, paint, appliances, cabinets, stackable washer/dryers, plumbing, light fixtures, new windows, and 15 have new HVAC units! This all-masonry building is virtually like-new with asbestos remediation completed too. Great tenancy with quality occupants. Very well maintained with pride of ownership that includes security cameras and bright exterior and interior lighting throughout. Dedicated parking for tenants. Lifetime roof warranty to convey. Commercial square footage includes 3000 SF leased to long term tenant and 12K SF recently vacated. Vacated square footage ideal for single tenant re-let or multi-tenant re-letting; potential tenants could include fitness facility, physical therapy clinic, modern laundromat, or re-purposed into temp- controlled mini storage by owner/operator. Zoned B2 for a variety of retail, service or professional office use. Lease space marketed for $8 PSF NNN. Grandfathered, over-size signage on Valley Ave for multiple businesses. Excellent storefront parking and window display. Fully sprinkled in commercial space. 480 vt/3 phase electric. One roll up, on-grade door with staging area. Clear span for maximum open concept or reconfiguration. Exceptional maintenance history. Potential Gross Annual Income at Full Occupancy Exceeding $326K. List price $2,650,000.00.

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    ©2019 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2019-11-19T19:51:19.203.
    www.themdhometeam.com/homes/95245109

    2640 Valley Avenue WINCHESTER, VA 22601

    • Price: $2,650,000
    • Status: Active Under Contract
    • Updated: 22 min ago
    • ID#: VAWI112586
    0
    Beds
    0
    Baths
    0
    ½ Baths
    1.61
    Acres
    30,000
    SQFT
    $88
    $/SQFT
    1962
    Built
    County:
    Winchester City
    School District:
    Winchester City Public Schools
    Property Description
    Whale of An Investment Opportunity! 20 meticulous and spacious 1-bedroom apartment units PLUS 15,000 SF of retail on busy Valley Avenue, Winchester. Almost all units have recently been renovated top to bottom with new vinyl flooring, paint, appliances, cabinets, stackable washer/dryers, plumbing, light fixtures, new windows, and 15 have new HVAC units! This all-masonry building is virtually like-new with asbestos remediation completed too. Great tenancy with quality occupants. Very well maintained with pride of ownership that includes security cameras and bright exterior and interior lighting throughout. Dedicated parking for tenants. Lifetime roof warranty to convey. Commercial square footage includes 3000 SF leased to long term tenant and 12K SF recently vacated. Vacated square footage ideal for single tenant re-let or multi-tenant re-letting; potential tenants could include fitness facility, physical therapy clinic, modern laundromat, or re-purposed into temp- controlled mini storage by owner/operator. Zoned B2 for a variety of retail, service or professional office use. Lease space marketed for $8 PSF NNN. Grandfathered, over-size signage on Valley Ave for multiple businesses. Excellent storefront parking and window display. Fully sprinkled in commercial space. 480 vt/3 phase electric. One roll up, on-grade door with staging area. Clear span for maximum open concept or reconfiguration. Exceptional maintenance history. Potential Gross Annual Income at Full Occupancy Exceeding $326K. List price $2,650,000.00.
    Exterior Features

    Construction Materials Block Direction Faces West Garage YN No Other Structures Above GradeBelow Grade Parking Types Parking Lot Property Condition Shows Well Riparian Rights YN No Roof Metal Water Access YN No Water Oriented YN No Waterfront YN No

    Interior Features

    Building Area Total 30000.00 Cooling Central A/C Heating Forced Air Heating YN Yes Net Square Feet 30000.00 Security Features 24 Hour SecurityExterior CamerasSecurity SystemSurveillance Sys

    Property Features

    Accessibility Features 2+ Access Exits Assessment Year 2018 Association YN No Business Type Apartment Building Central Air YN Yes Cooling Fuel Electric Heating Fuel Electric Hot Water Electric Navigable Water YN N New Construction YN No Number Of Units Total 20 Original MLSNumber 301747987111 Ownership Interest Fee Simple Possession Settlement Property Sub Type Five Or More Units Sale Type Standard Sewer Public Sewer Tax Annual Amount 18400.0 Tax Assessment Amount 2022000.0 Utilities Under Ground Vacation Rental YN No Water Source Public Year Built Effective 2016 Zoning B2

    Listing courtesy of Greenfield & Craun Commercial.
    ©2019 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2019-11-19T19:51:19.203.
     
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