109 S Kent St, Winchester, Va

$258,000

Price

8%

Cap Rate

1,779 sqft

Building Size

Gallery
Street
Map
Overview
Cap Rate
8%
Building Size
1,779 sqft
Year Built
1900
Price Per Sqft
$145.03
Zoning
B1
Roof
Metal
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!!

Highlights
  • Days on Market: 206
  • Heating: Forced Air
Location
Gallery