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754-758 S Main Street

WOODSTOCK, VA 22664
  • $1,550,000
  • STATUS: Active
  • ON SITE: 643 Days
  • ID#: VASH2003966
UPDATED: 97 min ago
$1,550,000
  • 0
    BEDS
  • 4.93
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Type:
Vacant Land / Lots
County:

School Ratings & Info

Description

Woodstock corridor of growth, just south of Downtown, next to Massanutten Military Academy. The property in front of this 5 acre parcel was previously approved SUP for a mixed use project, containing 48 apartments over commercial, paving the way for additional development at this site. SUP has expired July 2023, needs renewed! Add to this central location the much touted "Rails to Trails" project that runs along the western border of this property if and when it is finally approved. The 5 acres is improved by two houses, one apartment building and metal commercial building leased to a body shop and towing company. The property is fully leased contributing a current income of over $106,000. Terrific income, while you rezone this property with a TND Overlay plan and phase in your Multi-Family redevelopment project at this site. Asking price is $1,550,000 at a 6.8% Cap Rate. Below market rents and the Multi-Family development potential at this site makes this a project you will want to take a closer look at. Imagine the possibilities!

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©2024 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 accurate by the MLS or The MD Home Team - Re/Max Ikon. 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: 2024-04-24T23:05:03.087.
www.themdhometeam.com/homes/131126664
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754-758 S Main Street WOODSTOCK, VA 22664

  • Price: $1,550,000
  • Status: Active
  • On Site: 643 Days
  • Updated: 97 min ago
  • ID#: VASH2003966
0
Beds
0
Baths
0
½ Baths
4.93
Acres
County:
Shenandoah
School District:
Shenandoah County Public Schools
Property Description
Woodstock corridor of growth, just south of Downtown, next to Massanutten Military Academy. The property in front of this 5 acre parcel was previously approved SUP for a mixed use project, containing 48 apartments over commercial, paving the way for additional development at this site. SUP has expired July 2023, needs renewed! Add to this central location the much touted "Rails to Trails" project that runs along the western border of this property if and when it is finally approved. The 5 acres is improved by two houses, one apartment building and metal commercial building leased to a body shop and towing company. The property is fully leased contributing a current income of over $106,000. Terrific income, while you rezone this property with a TND Overlay plan and phase in your Multi-Family redevelopment project at this site. Asking price is $1,550,000 at a 6.8% Cap Rate. Below market rents and the Multi-Family development potential at this site makes this a project you will want to take a closer look at. Imagine the possibilities!
Exterior Features

Garage YN No Lot Features No Thru StreetLevelIrregularBacks to Trees Water Access YN No Water View YN No Waterfront YN No

Property Features

Association YN No Central Air YN No Condo YN No Construction Completed YN No Current Use ApartmentsAutomotiveInvestmentResidential Federal Flood Zone YN No Historic YN No Horse YN No Lease Considered YN No Navigable Water YN N Original MLSNumber 801752987268 Ownership Interest Fee Simple Property Sub Type Land Sale Type Standard Sewer Public Sewer Tax Annual Amount 5752.00 Tax Lot 031 Utilities Cable TV AvailableElectric AvailableNatural Gas AvailableSewer AvailableWater Available Vacation Rental YN No Water Source Public Zoning B2 Zoning Description Commercial

Listing courtesy of Commercial Specialists: .


©2024 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 accurate by the MLS or The MD Home Team - Re/Max Ikon. 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: 2024-04-24T23:05:03.087.
 
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