Downtown Mixed Use Investment Property

109 South Kent St., Winchester, VA

$235,000

Price

1,779 sqft

Building Size

0.085 acres

Lot Area

Gallery
Street
Map
Overview
Building Size
1,779 sqft
Lot Area
0.085 acres
Occupancy
100%
Class
C
Year Built
1900
Floors
2
Description

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!!

TBD

Highlights
  • Six offices (3 up and 3 down) each approximately 14 feet by 14 feet
  • 2 full baths (one on each floor)
  • Secure private entrance to the second-floor office space stairs
  • Parking spaces available
  • Close to downtown city offices and Judicial Center
Documents
Location
Gallery